Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.044%

Price spread now: Variational Omni against MEXC−0.608%7-day average −0.021% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.699%+$70 · spread now −0.608%, 7d avg −0.021%

Together, before fees+0.642%+ Points / potential airdropVariational Omni: Active · farm board+$64 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: Variational Omni is 0.587% cheaper against MEXC than usual: you would sell low and buy high, −$59 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2456	0.0100	pay 0.0050% / 4h	1h 45m	$22.2M	$12.2M	50x
Short	Variational Omni WIF	0.2441	0.0100	get 0.0050% / 4h	1h 45m	$72K	$193K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.608%Rate

Funding earned: $0
Price spread: −0.608% → −0.021%: −$58.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$62.67
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 49 min ago. 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, 3 min ago	2.04 bp	7.0 bp −$7	17.4 bp −$174	87.3 bp −$8,730	145.8 bp −$72.9K
Sell Variational Omni RFQ quote, 49 min ago	8.39 bp	doesn't fit	25.2 bp −$252	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	−0.081%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2457	+0.041%	$979K	$927K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0004%	1h	0.2443	−0.537%	$72K	$294K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	−0.547%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2457	+0.055%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0058% / S +0.0251%	1h	0.2458	+0.064%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.187%	$142K	$701K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	−0.407%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2457	+0.037%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2456	+0.012%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2443	−0.530%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2458	+0.081%	$18.7M	$143.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2457	+0.053%	$16.6M	$47.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2458	+0.081%	$5.4M	$41.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2455	−0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2456	long leg	$22.2M	$12.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2452	−0.163%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2459	+0.122%	$7.5M	$15.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2453	−0.122%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2441	−0.608%	$72K	$193K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	−0.407%	$272K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	−0.285%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2459	+0.122%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	−0.570%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2458	+0.081%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2454	−0.081%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2459	+0.120%	$10K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2460	+0.170%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0157%	1h	0.2461	+0.204%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0347%	1h	0.2461	+0.195%	$639K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2459	+0.122%	$329K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2454	−0.077%	$0	—	15x	as long as short