Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.046%

Price spread now: Coinbase International against Binance+0.139%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now +0.139%, 7d avg +0.160%

Together, before fees+0.670%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.021% cheaper against Binance than usual: you would sell low and buy high (spread +0.139% now, against its 7-day average of +0.160%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2489	0.0100	pay 0.0050% / 4h	1h 10m	$19.1M	$115.1M	75x
Short	Coinbase International WIF-PERP-INTX	0.2492	0.0312	get 0.0039% / 1h	10m 25s	$334K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.139%Rate

Funding earned: $44.52
Price spread: +0.139% → +0.160%: −$2.13
Slippage, 4 orders: −$32.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.15
Costs to cover: 0.525%
Break-even: 8.6 days

Slippage from Binance: live order book, 3 min ago; Coinbase International: 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 Binance live order book, 3 min ago	2.01 bp	11.4 bp −$11	29.1 bp −$291	106.1 bp −$10.6K	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.01 bp	15.0 bp −$15	27.0 bp −$270	doesn't fit	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
BloFin WIF-USDT	−0.0187%	4h	0.2492	+0.139%	$784K	$834K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2494	+0.199%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2488	−0.022%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2487	−0.048%	$804	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.745%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	+0.320%	$140K	$628K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2494	+0.219%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2494	+0.232%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2495	+0.248%	$77K	$57K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2489	long leg	$19.1M	$115.1M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2486	−0.102%	$17.1M	$38.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2487	−0.062%	$5.9M	$35.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2488	−0.022%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	+0.018%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2491	+0.099%	$4.7M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2486	−0.102%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2487	−0.062%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2496	+0.288%	$85K	$272K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2489	+0.019%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2490	+0.050%	$277K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2496	+0.300%	$43K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	−0.022%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2484	−0.183%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2488	−0.018%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2498	+0.380%	$167K	$694K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2487	−0.078%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	−0.073%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2489	+0.013%	$652K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0148% / S −0.0022%	1h	0.2487	−0.062%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0312%	1h	0.2492	+0.139%	$334K	$2.7M	50x
Hyperliquid WIF	+0.0329%	1h	0.2495	+0.247%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2488	−0.031%	$0	—	15x	as long as short