Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Binance against KuCoin+0.152%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.255%−$25 · spread now +0.152%, 7d avg −0.005%

Together, before fees−0.150%−$15 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: Binance is 0.158% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2531	0.0100	pay 0.0050% / 4h	1h 47m	$3.8M	$18.5M	75x
Short	Binance WIFUSDT	0.2535	0.0100	get 0.0050% / 4h	1h 47m	$20.4M	$173.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → −0.005%: $15.77
Slippage, 4 orders: −$49.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.63
Costs to cover: 0.714%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 4 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, 5 min ago	3.98 bp	18.6 bp −$19	69.6 bp −$696	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.99 bp	12.2 bp −$12	29.6 bp −$296	108.0 bp −$10.8K	doesn't fit

WIF on 32 exchanges

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	−0.0389%	1h	0.2559	+1.106%	$10K	$28K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0145%	1h	0.2531	0.000%	$34K	$254K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2533	+0.079%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0118% / S +0.0180%	1h	0.2530	−0.053%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2524	−0.260%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2532	+0.046%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0006%	1h	0.2532	+0.051%	$87K	$363K	10x	as long as short
Orderly PERP_WIF_USDC	+0.0096%	4h	0.2530	−0.040%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2534	+0.103%	$141K	$879K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2530	−0.040%	$54K	$634K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2535	+0.146%	$10.0M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2535	+0.152%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2531	0.000%	$78K	$98K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2535	+0.152%	$20.4M	$173.1M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2535	+0.158%	$17.3M	$58.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2538	+0.277%	$6.2M	$51.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2534	+0.119%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2531	0.000%	$22.6M	$15.0M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2531	long leg	$3.8M	$18.5M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2536	+0.198%	$7.6M	$19.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2532	+0.040%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2512	−0.756%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2525	−0.237%	$285K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2515	−0.632%	$36K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2526	−0.198%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2532	+0.024%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2529	−0.079%	$157K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2536	+0.204%	$9K	$259K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2530	−0.024%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2535	+0.158%	$343K	$4.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2530	−0.044%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0566%	1h	0.2533	+0.072%	$649K	$3.0M	50x	as long as short