Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against HTX−0.376%69s7-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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 gTrade (Gains Network) is 0.376% cheaper against HTX than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2490	0.0100	pay 0.0050% / 4h	1h 11m	$148K	$926K	75x
Short	gTrade (Gains Network) WIF/USD	0.2481	L +0.0002% / S −0.0001%	get 0.0000% / 1h	11m 42s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.376%Rate

Funding earned: −$20.8
Price spread: −0.376% → 0.000%: −$37.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$80.35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 32 min ago; gTrade (Gains Network): 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, 32 min ago	10.17 bp	31.6 bp −$32	2493.6 bp −$24.9K	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 venues

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	−0.0467%	1h	0.2462	−1.124%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2481	−0.361%	$982K	$938K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2492	+0.080%	$74K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.060%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2481	−0.376%	—	—	150x
GMX WIF/USD [WBTC.b-USDC]	L +0.0022% / S +0.0190%	1h	0.2493	+0.104%	$16K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2494	+0.169%	$143K	$702K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2492	+0.080%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2497	+0.277%	$8.7M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2491	+0.056%	$30K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2488	−0.096%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2492	+0.064%	$19.0M	$144.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2492	+0.100%	$16.8M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	+0.120%	$5.6M	$42.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2492	+0.080%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	+0.120%	$22.5M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	+0.120%	$4.5M	$16.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2493	+0.120%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2492	+0.080%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.479%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2478	−0.482%	$274K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2480	−0.402%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2493	+0.120%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.361%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	+0.141%	$569	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2490	long leg	$148K	$926K	75x
Extended WIF-USD	+0.0104%	1h	0.2493	+0.113%	$13K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2493	+0.103%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0151%	1h	0.2494	+0.161%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0342%	1h	0.2495	+0.206%	$647K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2493	+0.120%	$329K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2493	+0.134%	$0	—	15x	as long as short