Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.024%

Price spread now: BingX against Kraken Futures−0.033%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2440	0.0040	pay 0.0005% / 1h	0m 49s	$637K	$2.3M	50x
Short	BingX WIF-USDC	0.2439	0.0100	get 0.0050% / 4h	3h 00m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $12.67
Price spread: −0.033% → 0.000%: −$3.3
Slippage, 4 orders: −$67.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$78.33
Costs to cover: 0.877%
Break-even: 50.3 days

Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 2 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 Kraken Futures live order book, 3 min ago	12.18 bp	23.4 bp −$23	72.6 bp −$726	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.03 bp	22.8 bp −$23	68.2 bp −$682	334.2 bp −$33.4K	812.9 bp −$406.5K

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
Gate WIF_USDT	−0.0190%	4h	0.2438	−0.074%	$1.2M	$7.4M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2438	−0.074%	$48K	$289K	25x	as long as short
Backpack WIF_USDC_PERP	−0.0130%	1h	0.2436	−0.172%	$72K	$259K	10x	as long as short
KuCoin WIFUSDTM	−0.0068%	4h	0.2441	+0.049%	$4.5M	$12.7M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2440	−0.010%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2440	+0.026%	$790	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+1.238%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0040%	1h	0.2440	long leg	$637K	$2.3M	50x
Lighter WIF	+0.0096%	1h	0.2442	+0.078%	$145K	$597K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2449	+0.377%	$55K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2439	−0.033%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2441	+0.033%	$34K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2439	−0.043%	$75K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2437	−0.096%	$18.4M	$110.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2436	−0.156%	$16.7M	$37.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2439	−0.033%	$5.8M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2439	−0.033%	$22.1M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2440	+0.008%	$7.4M	$12.3M	50x	as long as short
BingX WIF-USDCshort	+0.0100%	4h	0.2439	−0.033%	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2442	+0.093%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+1.188%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2461	+0.869%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2434	−0.238%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2439	−0.053%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2444	+0.172%	$167K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2438	−0.059%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2438	−0.087%	$81K	$85	3x	as long as short
Hyperliquid WIF	+0.0171%	1h	0.2442	+0.074%	$7.8M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0046%	1h	0.2444	+0.159%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2443	+0.131%	$320K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2441	+0.049%	$1.0M	$695K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.217%	$0	—	15x	as long as short