Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.036%

Price spread now: Coinbase International against OKX+0.126%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

Price spread, last 3 days (all we have)+0.160%+$16 · spread now +0.126%, 7d avg +0.138%

Together, before fees+0.447%+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.138%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2389	0.0100	pay 0.0050% / 4h	1h 47m	$6.1M	$30.6M	50x
Short	Coinbase International WIF-PERP-INTX	0.2392	0.0264	get 0.0033% / 1h	47m 14s	$314K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.126%Rate

Funding earned: $34.44
Price spread: +0.126% → +0.138%: −$1.19
Slippage, 4 orders: −$35.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.55
Costs to cover: 0.558%
Break-even: 11.6 days

Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 2 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, 1 min ago	2.09 bp	11.8 bp −$12	33.3 bp −$333	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.18 bp	17.4 bp −$17	30.9 bp −$309	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
Backpack WIF_USDC_PERP	−0.0199%	1h	0.2392	+0.138%	$75K	$235K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0168%	1h	0.2389	0.000%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0108%	4h	0.2391	+0.084%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2394	+0.200%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2391	+0.067%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	+0.251%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2388	−0.042%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2394	+0.209%	$133K	$545K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2392	+0.126%	$53K	$483K	20x	as long as short
Aster WIFUSDT	+0.0096%	4h	0.2392	+0.106%	$25K	$255K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2395	+0.234%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2395	+0.237%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2391	+0.067%	$17.6M	$99.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2390	+0.042%	$16.7M	$34.8M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2389	long leg	$6.1M	$30.6M	50x
Gate WIF_USDT	+0.0100%	4h	0.2391	+0.084%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2390	+0.042%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2389	0.000%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2386	−0.126%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2388	−0.029%	$68K	$65K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2388	−0.056%	$266K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2389	0.000%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2387	−0.084%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2388	−0.042%	$548	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2389	0.000%	$165K	$714K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2388	−0.057%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2388	−0.042%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0189% / S −0.1022%	1h	0.2390	+0.029%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0264%	1h	0.2392	+0.126%	$314K	$2.3M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2390	+0.042%	$966K	$701K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0378%	1h	0.2390	+0.042%	$628K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2391	+0.077%	$0	—	15x	as long as short