Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.056%

Price spread now: BloFin against ApeX Omni−0.202%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.410%+$41 on $10k

Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.202%, 7d avg +0.017%

Together, before fees+0.771%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.219% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of +0.017%). If the spread goes back, that is −$22 on $10k: about 3.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2476	0.0100	pay 0.0013% / 1h	4m 09s	$43K	$633K	25x
Short	BloFin WIF-USDT	0.2471	0.0340	get 0.0170% / 4h	3h 04m	$1.0M	$699K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.202%Rate

Funding earned: $50.4
Price spread: −0.202% → +0.017%: −$21.92
Slippage, 4 orders: −$48.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$41.76
Costs to cover: 0.702%
Break-even: 12.8 days

Slippage from ApeX Omni: live order book, 4 min ago; BloFin: live order book, 3 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 ApeX Omni live order book, 4 min ago	10.11 bp	19.6 bp −$20	111.2 bp −$1,112	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	6.05 bp	12.1 bp −$12	20.1 bp −$201	54.6 bp −$5,463	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
Gate WIF_USDT	−0.0152%	4h	0.2468	−0.323%	$1.2M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0128%	1h	0.2468	−0.331%	$73K	$256K	10x	as long as short
KuCoin WIFUSDTM	−0.0070%	4h	0.2476	0.000%	$5.0M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2473	−0.140%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2474	−0.081%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2477	+0.020%	$801	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.242%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2472	−0.166%	$644K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2474	−0.093%	$147K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	+0.121%	$56K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2474	−0.081%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2475	−0.024%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2475	−0.058%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2469	−0.297%	$18.8M	$109.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2466	−0.404%	$17.0M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2463	−0.525%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2468	−0.323%	$22.4M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2467	−0.363%	$7.5M	$12.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2473	−0.121%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.039%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2471	−0.212%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2476	long leg	$43K	$633K	25x
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.363%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2471	−0.202%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2467	−0.363%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2470	−0.224%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2472	−0.162%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0185% / S −0.0046%	1h	0.2477	+0.029%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0186%	1h	0.2471	−0.198%	$8.0M	$4.5M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2478	+0.081%	$325K	$2.5M	50x	as long as short
BloFin WIF-USDTshort	+0.0340%	4h	0.2471	−0.202%	$1.0M	$699K	75x
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	+0.044%	$0	—	15x	as long as short