Funding arb · Price arb /

WIF

all WIF markets

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 0.000%

Price spread now: HTX against OKX0.000%7-day average +0.462% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1221.216% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 4 days (all we have)+0.440%+$44 · spread now 0.000%, 7d avg +0.462%

Together, before fees+0.625%+$63 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 0.462% cheaper against OKX than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of +0.462%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2445	0.0100	pay 0.0050% / 4h	8m 40s	$5.7M	$43.6M	50x
Short	HTX WIF-USDT	0.2445	0.0100	get 0.0050% / 4h	8m 40s	$155K	$917K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.462%: −$46.19
Slippage, 4 orders: −$99.57
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$167.76
Costs to cover: 1.216%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; HTX: live order book, 30 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, 5 min ago	1.97 bp	11.7 bp −$12	32.5 bp −$325	doesn't fit	doesn't fit
Sell HTX live order book, 30 min ago	5.95 bp	64.0 bp −$64	559.2 bp −$5,592	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0213% / S +0.0283%	1h	0.2456	+0.438%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	+0.695%	$10K	$11K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2452	+0.286%	$33K	$275K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2447	+0.082%	$994K	$930K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0001%	1h	0.2447	+0.082%	$72K	$311K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	+0.082%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2455	+0.389%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.098%	$141K	$744K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2463	+0.736%	$53K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2446	+0.049%	$9.0M	$7.5M	5x	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	0.2450	+0.201%	$29K	$353K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	+0.058%	$77K	$77K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2448	+0.123%	$18.8M	$152.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2445	+0.004%	$16.7M	$50.4M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2445	long leg	$5.7M	$43.6M	50x
Gate WIF_USDT	+0.0100%	4h	0.2443	−0.082%	$1.2M	$9.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2446	+0.041%	$24.0M	$13.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2447	+0.082%	$4.0M	$17.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2449	+0.164%	$7.4M	$16.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2444	−0.041%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2481	+1.480%	$91K	$211K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+1.531%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2482	+1.513%	$45K	$640K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2453	+0.327%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2447	+0.082%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	+0.282%	$566	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2445	0.000%	$155K	$917K	75x
Extended WIF-USD	+0.0104%	1h	0.2446	+0.038%	$9K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2451	+0.245%	$82K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2456	+0.450%	$327K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2462	+0.713%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0827%	1h	0.2453	+0.320%	$647K	$2.7M	50x	as long as short