Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX0.000%7-day average +0.033% · 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−$63as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.009%−$1 · spread now 0.000%, 7d avg +0.033%

Together, before fees−0.005%−$1 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: Bitget is 0.033% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2482	0.0100	pay 0.0050% / 4h	2h 44m	$6.0M	$34.7M	50x
Short	Bitget WIFUSDT	0.2482	0.0100	get 0.0050% / 4h	2h 44m	$7.5M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.033%: −$3.32
Slippage, 4 orders: −$37.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.94
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: 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 OKX live order book, 4 min ago	2.02 bp	12.8 bp −$13	40.6 bp −$406	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.02 bp	18.5 bp −$19	28.3 bp −$283	94.5 bp −$9,448	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	−0.0783%	1h	0.2470	−0.483%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0128%	4h	0.2479	−0.121%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2481	−0.035%	$647K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0020%	4h	0.2480	−0.081%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.338%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2478	−0.145%	$800	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0066%	1h	0.2481	−0.056%	$77K	$269K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2482	+0.020%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.242%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2478	−0.161%	$5K	$1.3M	10x	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	0.2477	−0.200%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2474	−0.329%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2481	−0.039%	$18.8M	$111.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2480	−0.081%	$17.0M	$38.0M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2482	long leg	$6.0M	$34.7M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2481	−0.040%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2482	0.000%	$7.5M	$12.4M	50x
BingX WIF-USDT	+0.0100%	4h	0.2479	−0.121%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.277%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.178%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	−0.121%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2473	−0.363%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	−0.060%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2483	+0.040%	$170K	$750K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2480	−0.086%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	−0.095%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	−0.081%	$49K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2476	−0.244%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0184%	1h	0.2484	+0.093%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2481	−0.040%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.201%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.257%	$0	—	15x	as long as short