Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.048%

Price spread now: GMX against Binance−0.021%7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2383	0.0100	pay 0.0050% / 4h	2h 30m	$18.4M	$138.5M	75x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2382	L +0.0092% / S +0.0033%	pay 0.0004% / 1h	30m 01s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$27.87
Price spread: −0.021% → 0.000%: −$2.14
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$52.01
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; GMX: 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, 13 min ago	2.08 bp	9.5 bp −$10	22.1 bp −$221	78.2 bp −$7,825	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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	−0.0140%	4h	0.2384	+0.061%	$994K	$888K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2381	−0.065%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2382	−0.023%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2382	−0.005%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0007%	1h	0.2381	−0.048%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L +0.0092% / S +0.0033%	1h	0.2382	−0.021%	$8K	—	100x
Lighter WIF	+0.0096%	1h	0.2384	+0.073%	$143K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2384	+0.061%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2384	+0.073%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2383	+0.025%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2384	+0.042%	$75K	$69K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2383	long leg	$18.4M	$138.5M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2382	−0.023%	$16.2M	$45.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2382	−0.023%	$5.4M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2382	−0.023%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2382	−0.023%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2381	−0.065%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2383	+0.019%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2383	+0.019%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2382	−0.018%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2386	+0.148%	$264K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2384	+0.061%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2382	−0.023%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2380	−0.107%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2382	−0.036%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2380	−0.107%	$154K	$828K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2381	−0.071%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2382	−0.025%	$79K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0251%	1h	0.2383	+0.011%	$618K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2386	+0.145%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2383	+0.025%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.648%	$10K	$10K	12x	as long as short