Funding arb · Price arb /

WIF

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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 +0.044%

Price spread now: MEXC against Variational Omni+0.195%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.195% dearer against Variational Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2535	0.0100	pay 0.0050% / 4h	3h 20m	$87K	$145K	—
Short	MEXC WIF_USDT	0.2540	0.0100	get 0.0050% / 4h	3h 20m	$23.6M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → 0.000%: $19.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $15.5
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; MEXC: live order book, 3 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 Variational Omni RFQ quote, 18 min ago	7.84 bp	doesn't fit	27.4 bp −$274	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.97 bp	5.0 bp −$5	19.4 bp −$194	100.5 bp −$10.1K	149.9 bp −$75.0K

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	−0.0195%	4h	0.2538	+0.116%	$1.1M	$905K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2536	+0.019%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2537	+0.077%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.787%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2538	+0.124%	$145K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2541	+0.234%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2539	+0.168%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2539	+0.153%	$78K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2542	+0.274%	$20.1M	$129.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2542	+0.274%	$17.5M	$42.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2543	+0.313%	$6.1M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2542	+0.274%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2540	+0.195%	$23.6M	$11.6M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2535	−0.002%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2543	+0.313%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2539	+0.156%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2532	−0.117%	$76K	$306K	10x	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2535	long leg	$87K	$145K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2546	+0.422%	$292K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2532	−0.121%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2536	+0.037%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2530	−0.199%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2535	−0.002%	$592	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2535	−0.002%	$167K	$736K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2542	+0.276%	$12K	$124K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2536	+0.035%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0113% / S +0.0020%	1h	0.2536	+0.036%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0144%	1h	0.2537	+0.077%	$39K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2537	+0.077%	$337K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0363%	1h	0.2536	+0.043%	$662K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2538	+0.118%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0602%	1h	0.2541	+0.234%	$8.5M	$5.2M	5x	as long as short