Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Gate against ApeX Omni−0.367%81s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$900.902% 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−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.367%, 7d avg 0.000%

Together, before fees+0.096%+$10 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: Gate is 0.367% cheaper against ApeX Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2449	0.0100	pay 0.0013% / 1h	55m 58s	$45K	$630K	25x
Short	Gate WIF_USDT	0.2440	0.0100	get 0.0050% / 4h	1h 55m	$1.1M	$9.1M	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 −0.367%Rate

Funding earned: $0
Price spread: −0.367% → 0.000%: −$36.7
Slippage, 4 orders: −$65.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.86
Costs to cover: 0.902%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; Gate: live order book, 2 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, 52 min ago	10.20 bp	21.0 bp −$21	114.7 bp −$1,147	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.06 bp	23.4 bp −$23	74.7 bp −$747	115.4 bp −$11.5K	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.204%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2453	+0.163%	$975K	$925K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	−0.102%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2443	−0.245%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2443	−0.233%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0019%	1h	0.2438	−0.457%	$72K	$294K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0070% / S +0.0252%	1h	0.2444	−0.190%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2443	−0.257%	$141K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	−0.122%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2443	−0.241%	$8.5M	$6.4M	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	0.2441	−0.315%	$31K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	−0.107%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2440	−0.367%	$18.6M	$142.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	−0.367%	$16.5M	$47.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2440	−0.367%	$5.4M	$40.9M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2440	−0.367%	$1.1M	$9.1M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2440	−0.367%	$22.3M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2439	−0.408%	$4.0M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2439	−0.408%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2441	−0.327%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	−0.039%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	+0.002%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2449	long leg	$45K	$630K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2443	−0.245%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2438	−0.449%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2441	−0.327%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2439	−0.408%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2440	−0.372%	$10K	$170K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2442	−0.268%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0349%	1h	0.2444	−0.219%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2450	+0.041%	$341K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	−0.159%	$0	—	15x	as long as short