Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%

Price spread now: dYdX against Binance+0.118%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.118% dearer against Binance than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2470	0.0100	pay 0.0050% / 4h	1h 54m	$18.8M	$113.4M	75x
Short	dYdX WIF-USD	0.2473	0	get 0.0000% / 1h	54m 20s	$19K	$589	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$21
Price spread: +0.118% → 0.000%: $11.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$29.17
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; dYdX: no order-book sample. 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 Binance live order book, 4 min ago	2.04 bp	12.4 bp −$12	28.4 bp −$284	104.5 bp −$10.5K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 31 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
ApeX Omni WIFUSDT	−0.0291%	1h	0.2459	−0.432%	$42K	$629K	25x	as long as short
Backpack WIF_USDC_PERP	−0.0240%	1h	0.2471	+0.042%	$81K	$273K	10x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2473	+0.118%	$19K	$589	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2470	+0.014%	$46K	$261K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2469	−0.010%	$798	—	150x	as long as short
Gate WIF_USDT	+0.0022%	4h	0.2467	−0.108%	$1.2M	$7.5M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.014%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	+0.212%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2470	+0.014%	$57K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2471	+0.054%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2471	+0.054%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2474	+0.160%	$77K	$55K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2470	long leg	$18.8M	$113.4M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2467	−0.108%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2470	+0.014%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	−0.027%	$22.0M	$10.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2469	−0.027%	$4.5M	$13.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2469	−0.027%	$7.4M	$12.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	+0.054%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	+0.706%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2468	−0.067%	$277K	$2.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2468	−0.067%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2472	+0.111%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2467	−0.108%	$166K	$689K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2470	+0.030%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2471	+0.059%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2472	+0.100%	$642K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0162% / S −0.0032%	1h	0.2469	−0.043%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0241%	1h	0.2471	+0.054%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2472	+0.095%	$328K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2467	−0.094%	$0	—	15x	as long as short