Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: Extended against Orderly−0.067%7-day average −0.007% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.067%, 7d avg −0.007%

Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.061% cheaper against Orderly than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2493	0.0100	pay 0.0050% / 4h	14m 58s	$5K	$1.3M	10x
Short	Extended WIF-USD	0.2491	0.0104	get 0.0013% / 1h	14m 58s	$9K	$147K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0.84
Price spread: −0.067% → −0.007%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.22
Costs to cover: 0.110%
Break-even: 142.1 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 41 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 41 min ago	8.03 bp	19.4 bp −$19	98.6 bp −$986	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin WIF-USDT	−0.0186%	4h	0.2494	+0.040%	$1.0M	$833K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0083%	1h	0.2490	−0.116%	$76K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	−0.138%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2491	−0.066%	$805	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.923%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2494	+0.032%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2490	−0.120%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2492	−0.055%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2489	−0.180%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2493	−0.011%	$18.8M	$119.1M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2490	−0.116%	$17.0M	$40.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2492	−0.040%	$6.0M	$36.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2491	−0.080%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2492	−0.040%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2491	−0.080%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	−0.080%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2487	−0.241%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2494	+0.043%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	+0.124%	$286K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	+0.080%	$46K	$625K	25x	as long as short
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2493	long leg	$5K	$1.3M	10x
SunX WIF-USDT	+0.0100%	4h	0.2488	−0.201%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2492	−0.020%	$580	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2492	−0.040%	$166K	$701K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2491	−0.067%	$9K	$147K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2492	−0.034%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0130% / S −0.0010%	1h	0.2492	−0.047%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0151%	1h	0.2493	0.000%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2493	+0.009%	$648K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0312%	1h	0.2496	+0.132%	$8.2M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2489	−0.160%	$329K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	−0.137%	$0	—	15x	as long as short