Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: Extended against HTX+0.176%7-day average −0.482% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$1321.322% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now +0.176%, 7d avg −0.482%

Together, before fees−0.901%+ Points / potential airdropExtended: Active · farm board−$90 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.657% dearer against HTX than usual: you sell high and buy low, +$66 on $10k if it goes back to its 7-day average of −0.482%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2514	0.0100	pay 0.0050% / 4h	1h 52m	$156K	$1.0M	75x
Short	Extended WIF-USD	0.2518	0.0104	get 0.0013% / 1h	52m 36s	$9K	$263K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0.84
Price spread: +0.176% → −0.482%: $65.74
Slippage, 4 orders: −$115.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.57
Costs to cover: 1.322%
Break-even: 553.4 days

Slippage from HTX: live order book, 4 min ago; Extended: live order book, 56 min ago.

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, 4 min ago	13.86 bp	31.2 bp −$31	579.0 bp −$5,790	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	9.79 bp	21.3 bp −$21	117.7 bp −$1,177	doesn't fit	doesn't fit

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	+1.790%	$10K	$28K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2517	+0.119%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2514	+0.015%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2515	+0.055%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2516	+0.080%	$33K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2516	+0.062%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0017%	1h	0.2513	−0.024%	$85K	$363K	10x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2515	+0.040%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2518	+0.163%	$140K	$878K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2518	+0.159%	$53K	$634K	20x	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	0.2513	−0.056%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2514	+0.013%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2515	+0.055%	$78K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2516	+0.073%	$20.2M	$172.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2518	+0.159%	$17.3M	$58.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2520	+0.239%	$6.2M	$51.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2517	+0.119%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2517	+0.119%	$22.5M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2511	−0.119%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2519	+0.199%	$7.6M	$19.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2517	+0.119%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2525	+0.432%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2520	+0.235%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2525	+0.438%	$36K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2511	−0.119%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2516	+0.080%	$3K	$6K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2514	long leg	$156K	$1.0M	75x
Extended WIF-USDshort	+0.0104%	1h	0.2518	+0.176%	$9K	$263K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2515	+0.020%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2522	+0.318%	$341K	$4.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2514	+0.006%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0570%	1h	0.2518	+0.165%	$647K	$3.0M	50x	as long as short