Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against KuCoin+0.268%62s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.268% dearer against KuCoin than usual: you sell high and buy low (spread +0.268% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days. The two prices were read 62 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	0.2450	0.0100	pay 0.0050% / 4h	1h 39m	$4.0M	$16.4M	75x
Short	dYdX WIF-USD	0.2457	0	get 0.0000% / 1h	39m 45s	$13K	$587	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.268%Rate

Funding earned: −$21
Price spread: +0.268% → 0.000%: $26.83
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$16.17
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 9 min ago; dYdX: 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, 9 min ago	4.08 bp	19.3 bp −$19	66.2 bp −$662	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	+0.490%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2462	+0.490%	$972K	$927K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0020%	1h	0.2449	−0.037%	$73K	$293K	10x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2457	+0.268%	$13K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2452	+0.082%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2452	+0.102%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0052% / S +0.0252%	1h	0.2452	+0.091%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	+0.098%	$142K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2456	+0.245%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2455	+0.188%	$8.5M	$6.4M	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	0.2451	+0.055%	$31K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2451	+0.050%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2452	+0.091%	$18.6M	$143.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2452	+0.082%	$16.6M	$47.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2452	+0.082%	$5.5M	$41.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2451	+0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2452	+0.082%	$22.2M	$12.2M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2450	long leg	$4.0M	$16.4M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2452	+0.082%	$7.4M	$15.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2452	+0.082%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2460	+0.411%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2457	+0.281%	$273K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2453	+0.122%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2454	+0.163%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2451	+0.041%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2450	+0.020%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2453	+0.122%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2452	+0.078%	$10K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	+0.080%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2452	+0.102%	$636K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2466	+0.653%	$326K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2452	+0.066%	$0	—	15x	as long as short