Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against HTX−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.104% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2558	0.0100	pay 0.0050% / 4h	1h 05m	$160K	$1.1M	75x
Short	dYdX WIF-USD	0.2555	0	get 0.0000% / 1h	5m 51s	$13K	$587	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee dYdXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$21
Price spread: −0.104% → 0.000%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$53.42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 1 min ago	11.74 bp	23.3 bp −$23	2450.2 bp −$24.5K	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WIF/USDC PERP	−0.0389%	1h	0.2559	+0.039%	$10K	$28K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2565	+0.274%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0121% / S +0.0182%	1h	0.2554	−0.147%	$9K	—	100x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2555	−0.104%	$13K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2554	−0.156%	$34K	$252K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2553	−0.188%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0010%	1h	0.2553	−0.184%	$90K	$384K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2557	−0.031%	$143K	$924K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2554	−0.156%	$53K	$629K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2554	−0.156%	$5K	$900K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2556	−0.059%	$10.1M	$9.6M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2556	−0.074%	$30K	$426K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2555	−0.134%	$79K	$99K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2556	−0.074%	$20.9M	$177.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2555	−0.117%	$17.5M	$60.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2556	−0.078%	$6.3M	$52.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2556	−0.078%	$1.2M	$13.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2559	+0.039%	$22.5M	$15.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2557	−0.039%	$3.8M	$18.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2556	−0.078%	$7.7M	$19.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2555	−0.117%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2565	+0.287%	$77K	$367K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2571	+0.514%	$285K	$3.4M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2568	+0.391%	$37K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2550	−0.313%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2555	−0.106%	$3K	$6K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2558	long leg	$160K	$1.1M	75x
Extended WIF-USD	+0.0104%	1h	0.2559	+0.036%	$11K	$264K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2555	−0.117%	$85K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2553	−0.195%	$351K	$4.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2554	−0.173%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0561%	1h	0.2556	−0.075%	$651K	$3.1M	50x	as long as short