Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.025%

Price spread now: HTX against Kraken Futures−0.109%7-day average +0.470% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1271.274% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 3 days (all we have)+0.427%+$43 · spread now −0.109%, 7d avg +0.470%

Together, before fees+0.791%+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.580% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.470%). If the spread goes back, that is −$58 on $10k: about 11 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2470	−0.0074	get 0.0009% / 1h	34m 47s	$640K	$2.3M	50x
Short	HTX WIF-USDT	0.2467	0.0100	get 0.0050% / 4h	2h 34m	$168K	$726K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $36.62
Price spread: −0.109% → +0.470%: −$57.97
Slippage, 4 orders: −$105.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$148.79
Costs to cover: 1.274%
Break-even: 35.4 days

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 34 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, 4 min ago	12.19 bp	29.0 bp −$29	72.3 bp −$723	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	10.14 bp	46.7 bp −$47	192.0 bp −$1,920	doesn't fit	doesn't fit

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	−0.0783%	1h	0.2470	+0.012%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0086%	4h	0.2470	+0.012%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSDlong	−0.0074%	1h	0.2470	long leg	$640K	$2.3M	50x
dYdX WIF-USD	0.0000%	1h	0.2470	−0.004%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2468	−0.069%	$48K	$288K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2467	−0.097%	$797	—	150x	as long as short
KuCoin WIFUSDTM	+0.0012%	4h	0.2469	−0.029%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0074%	1h	0.2468	−0.081%	$77K	$273K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2470	+0.028%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2471	+0.052%	$56K	$497K	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	+0.0100%	4h	0.2469	−0.029%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2470	+0.021%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2471	+0.052%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2471	+0.052%	$18.7M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2469	−0.029%	$16.9M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2472	+0.093%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	−0.029%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2472	+0.093%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2470	+0.012%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+0.057%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2465	−0.189%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2467	−0.109%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2465	−0.190%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2469	−0.029%	$564	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2467	−0.109%	$168K	$726K	75x
Extended WIF-USD	+0.0104%	1h	0.2469	−0.014%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2469	−0.040%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0175% / S −0.0040%	1h	0.2466	−0.157%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0210%	1h	0.2473	+0.152%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2470	+0.012%	$324K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.700%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2468	−0.074%	$0	—	15x	as long as short