Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against MEXC−0.118%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.118% cheaper against MEXC than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2549	0.0100	pay 0.0050% / 4h	3h 17m	$23.7M	$11.6M	50x
Short	dYdX WIF-USD	0.2546	0	get 0.0000% / 1h	17m 01s	$14K	$597	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$21
Price spread: −0.118% → 0.000%: −$11.77
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$46.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.97 bp	8.7 bp −$9	26.0 bp −$260	107.6 bp −$10.8K	146.2 bp −$73.1K
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
BloFin WIF-USDT	−0.0192%	4h	0.2552	+0.118%	$1.1M	$910K	75x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2546	−0.118%	$14K	$597	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2549	+0.013%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.235%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2552	+0.126%	$146K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2550	+0.039%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2548	−0.044%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2548	−0.040%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2550	+0.039%	$20.2M	$129.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2548	−0.031%	$17.5M	$43.0M	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	0.2549	0.000%	$6.1M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2546	−0.118%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2549	long leg	$23.7M	$11.6M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2548	−0.039%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2549	0.000%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2547	−0.078%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2549	−0.016%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−0.547%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.628%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2536	−0.510%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2551	+0.078%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2546	−0.118%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2550	+0.059%	$596	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2542	−0.275%	$168K	$737K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2550	+0.041%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2550	+0.036%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2549	+0.003%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0142%	1h	0.2551	+0.078%	$39K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2552	+0.118%	$338K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0360%	1h	0.2551	+0.095%	$667K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2549	+0.003%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0650%	1h	0.2555	+0.247%	$8.6M	$5.3M	5x	as long as short