Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−0.285%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$830.827% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.285%, 7d avg +0.010%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.295% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.285% now, against its 7-day average of +0.010%). If the spread goes back, that is −$30 on $10k: about 19 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2452	0.0048	pay 0.0006% / 1h	55m 30s	$43K	$631K	25x
Short	Gate WIF_USDT	0.2445	0.0100	get 0.0050% / 4h	3h 55m	$1.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.285%Rate

Funding earned: $11
Price spread: −0.285% → +0.010%: −$29.52
Slippage, 4 orders: −$57.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.24
Costs to cover: 0.827%
Break-even: 71.4 days

Slippage from ApeX Omni: live order book, 17 min ago; Gate: 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, 17 min ago	10.28 bp	18.6 bp −$19	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.09 bp	24.2 bp −$24	139.8 bp −$1,398	276.0 bp −$27.6K	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	−0.0562%	1h	0.2451	−0.029%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2452	0.000%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	−0.178%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2452	−0.017%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0020%	4h	0.2444	−0.326%	$4.3M	$11.8M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.325%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2454	+0.072%	$637K	$2.2M	50x	as long as short
ApeX Omni WIFUSDTlong	+0.0048%	1h	0.2452	long leg	$43K	$631K	25x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2451	−0.041%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	−0.020%	$136K	$565K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2447	−0.204%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2456	+0.159%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2447	−0.204%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	−0.144%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	−0.285%	$18.4M	$104.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2445	−0.285%	$16.9M	$36.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2444	−0.326%	$6.0M	$32.6M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2445	−0.285%	$1.2M	$7.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2447	−0.204%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2445	−0.285%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2447	−0.204%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2451	−0.034%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	−0.082%	$279K	$1.9M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2448	−0.163%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	−0.020%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2449	−0.122%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2443	−0.365%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	−0.017%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2452	−0.007%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2452	0.000%	$327K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2451	−0.041%	$986K	$739K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2444	−0.340%	$0	—	15x	as long as short