Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.059%

Price spread now: Coinbase International against KuCoin+0.242%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now +0.242%, 7d avg +0.168%

Together, before fees+0.671%+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2475	0.0100	pay 0.0050% / 4h	1h 03m	$4.5M	$13.7M	75x
Short	Coinbase International WIF-PERP-INTX	0.2481	0.0312	get 0.0039% / 1h	3m 19s	$333K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.242%Rate

Funding earned: $44.52
Price spread: +0.242% → +0.168%: $7.46
Slippage, 4 orders: −$51.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.33
Costs to cover: 0.733%
Break-even: 10.4 days

Slippage from KuCoin: live order book, 5 min ago; Coinbase International: live order book, 6 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	2.01 bp	21.4 bp −$21	53.5 bp −$535	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	6.03 bp	15.0 bp −$15	27.0 bp −$270	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	−0.0183%	4h	0.2478	+0.121%	$1.0M	$834K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	−0.221%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2479	+0.179%	$801	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.202%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2480	+0.218%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	−0.040%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2475	−0.001%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2472	−0.137%	$76K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2481	+0.229%	$19.0M	$115.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2477	+0.081%	$17.0M	$38.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2480	+0.202%	$5.9M	$35.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2473	−0.081%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2476	+0.040%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2475	long leg	$4.5M	$13.7M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2480	+0.202%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2476	+0.040%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2475	−0.020%	$85K	$273K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.201%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2477	+0.072%	$281K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2478	+0.121%	$43K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2480	+0.202%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2472	−0.121%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.182%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	+0.081%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2478	+0.117%	$9K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2479	+0.162%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2480	+0.197%	$649K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0146% / S −0.0021%	1h	0.2479	+0.172%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	+0.202%	$47K	$258K	25x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0312%	1h	0.2481	+0.242%	$333K	$2.7M	50x
Hyperliquid WIF	+0.0317%	1h	0.2481	+0.226%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2475	+0.003%	$0	—	15x	as long as short