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 +0.005%

Price spread now: HTX against MEXC+0.039%7-day average +0.465% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.447%+$45 · spread now +0.039%, 7d avg +0.465%

Together, before fees+0.674%+$67 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: HTX is 0.426% cheaper against MEXC than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.465%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2565	0.0100	pay 0.0050% / 4h	7m 20s	$22.7M	$16.0M	50x
Short	HTX WIF-USDT	0.2566	0.0100	get 0.0050% / 4h	7m 20s	$153K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.465%: −$42.57
Slippage, 4 orders: −$65.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$123.9
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; HTX: 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 MEXC live order book, 4 min ago	1.94 bp	10.0 bp −$10	25.8 bp −$258	113.8 bp −$11.4K	150.6 bp −$75.3K
Sell HTX live order book, 4 min ago	13.62 bp	34.1 bp −$34	416.1 bp −$4,161	doesn't fit	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
BloFin WIF-USDT	−0.0155%	4h	0.2566	+0.039%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0125% / S +0.0186%	1h	0.2566	+0.029%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0052%	1h	0.2568	+0.113%	$86K	$404K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2569	+0.168%	$20K	$8K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2568	+0.117%	$34K	$218K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2566	+0.042%	$4K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2570	+0.195%	$8K	$33K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2567	+0.082%	$123K	$965K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2565	0.000%	$55K	$582K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2566	+0.023%	$10.5M	$10.2M	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2566	+0.039%	$33K	$414K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2568	+0.112%	$79K	$101K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2565	+0.001%	$21.1M	$182.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2566	+0.039%	$17.7M	$61.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2567	+0.078%	$6.4M	$53.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2564	−0.039%	$1.2M	$13.7M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2565	long leg	$22.7M	$16.0M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2564	−0.039%	$3.8M	$19.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2567	+0.078%	$7.8M	$20.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2566	+0.039%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2566	+0.050%	$76K	$513K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2569	+0.142%	$286K	$3.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2577	+0.468%	$37K	$647K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2567	+0.078%	$5K	$750K	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2561	−0.156%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2569	+0.136%	$3K	$6K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2566	+0.039%	$153K	$1.0M	75x
Extended WIF-USD	+0.0104%	1h	0.2566	+0.020%	$14K	$269K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2567	+0.092%	$86K	—	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0355%	1h	0.2567	+0.089%	$657K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2565	−0.008%	$1	—	15x	as long as short
Coinbase International WIF-PERP-INTX	+0.0600%	1h	0.2574	+0.351%	$363K	$4.2M	50x	as long as short