Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.017%

Price spread now: Aevo against KuCoin−0.042%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 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. Aevo is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.146% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2407	−0.0060	get 0.0030% / 4h	1h 24m	$4.1M	$11.5M	75x
Short	Aevo WIF-PERP	0.2406	0.0104	get 0.0013% / 1h	24m 15s	$80K	$85	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.042%Rate

Funding earned: $34.44
Price spread: −0.042% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2.29
Costs to cover: 0.280%
Break-even: 6.5 days

Slippage unknown: KuCoin: live order book, 4 min ago; Aevo: 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 KuCoin live order book, 4 min ago	4.18 bp	31.3 bp −$31	74.1 bp −$741	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Backpack WIF_USDC_PERP	−0.0269%	1h	0.2406	−0.054%	$74K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0165%	1h	0.2406	−0.042%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTMlong	−0.0060%	4h	0.2407	long leg	$4.1M	$11.5M	75x
dYdX WIF-USD	0.0000%	1h	0.2409	+0.070%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2409	+0.064%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.499%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2406	−0.042%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2408	+0.029%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2407	0.000%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2409	+0.083%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2407	+0.006%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2411	+0.148%	$76K	$50K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2408	+0.042%	$17.9M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2407	0.000%	$16.7M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2407	0.000%	$6.0M	$31.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2407	0.000%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2407	0.000%	$21.8M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2408	+0.042%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2408	+0.042%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2401	−0.241%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2400	−0.291%	$266K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2397	−0.415%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2402	−0.208%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2407	0.000%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2405	−0.083%	$167K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2406	−0.061%	$10K	$153K	25x	as long as short
Aevo WIF-PERPshort	+0.0104%	1h	0.2406	−0.042%	$80K	$85	3x
GMX WIF/USD [WBTC.b-USDC]	L +0.0217% / S −0.1217%	1h	0.2408	+0.054%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2411	+0.166%	$318K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2407	0.000%	$981K	$707K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2408	+0.032%	$630K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2407	−0.013%	$0	—	15x	as long as short