Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against OKX−0.040%90s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.620% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.040%, 7d avg −0.017%

Together, before fees+0.084%+$8 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: ApeX Omni is 0.023% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 90 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	OKX WIF-USDT-SWAP	0.2477	0.0100	pay 0.0050% / 4h	58m 01s	$5.5M	$42.1M	50x
Short	ApeX Omni WIFUSDT	0.2476	0.0100	get 0.0013% / 1h	58m 01s	$45K	$635K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.017%: −$2.31
Slippage, 4 orders: −$42.02
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.33
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; ApeX Omni: live order book, 45 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 OKX live order book, 6 min ago	2.01 bp	11.7 bp −$12	42.5 bp −$425	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	10.18 bp	18.8 bp −$19	115.4 bp −$1,154	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	−0.0161%	1h	0.2462	−0.606%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2475	−0.081%	$988K	$936K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2475	−0.100%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2478	+0.055%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2478	+0.053%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.061%	$142K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.040%	$52K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2482	+0.182%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2480	+0.126%	$30K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2476	−0.038%	$78K	$70K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2479	+0.086%	$18.8M	$145.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2479	+0.081%	$16.7M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2477	long leg	$5.5M	$42.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2478	+0.040%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2477	0.000%	$22.2M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2480	+0.121%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2477	0.000%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2480	+0.121%	—	$27.1M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2480	+0.101%	$74K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.078%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2476	−0.061%	$273K	$2.9M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2476	−0.040%	$45K	$635K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	+0.081%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2472	−0.202%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	+0.061%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2474	−0.121%	$154K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2477	−0.018%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2478	+0.040%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2479	+0.081%	$33K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2479	+0.081%	$328K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2475	−0.077%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0818%	1h	0.2479	+0.061%	$642K	$2.7M	50x	as long as short