Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against KuCoin+0.706%97s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.802% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.706%, 7d avg +0.011%

Together, before fees−0.193%−$19 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: ApeX Omni is 0.694% dearer against KuCoin than usual: you sell high and buy low, +$69 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 97 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	KuCoin WIFUSDTM	0.2551	0.0100	pay 0.0050% / 4h	3h 41m	$4.4M	$15.0M	75x
Short	ApeX Omni WIFUSDT	0.2569	0.0100	get 0.0013% / 1h	41m 59s	$47K	$623K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.706%Rate

Funding earned: $0
Price spread: +0.706% → +0.011%: $69.41
Slippage, 4 orders: −$58.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.74
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 11 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 KuCoin live order book, 2 min ago	1.95 bp	21.7 bp −$22	73.8 bp −$738	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 11 min ago	11.72 bp	21.6 bp −$22	128.4 bp −$1,284	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
BloFin WIF-USDT	−0.0215%	4h	0.2561	+0.392%	$1.0M	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2552	+0.022%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2549	−0.078%	$46K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2550	−0.027%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2542	−0.353%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2553	+0.086%	$150K	$647K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2551	0.000%	$52K	$556K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2551	+0.003%	$45K	$309K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2552	+0.031%	$79K	$63K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2554	+0.126%	$20.1M	$125.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2553	+0.078%	$17.5M	$42.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2552	+0.039%	$6.2M	$38.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2551	0.000%	$1.3M	$8.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2553	+0.078%	$23.5M	$11.5M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2551	long leg	$4.4M	$15.0M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2554	+0.118%	$7.7M	$14.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2550	−0.039%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2550	−0.051%	$79K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2571	+0.786%	$99K	$90K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2567	+0.627%	$284K	$2.5M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2569	+0.706%	$47K	$623K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2550	−0.039%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2546	−0.196%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2550	−0.059%	$598	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2549	−0.078%	$169K	$714K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2553	+0.069%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2549	−0.076%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0120% / S −0.0003%	1h	0.2550	−0.039%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2552	+0.039%	$345K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0360%	1h	0.2551	−0.002%	$662K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0369%	1h	0.2556	+0.200%	$8.3M	$5.1M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2548	−0.114%	$1	—	15x	as long as short