Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against BingX+0.186%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.186% dearer against BingX than usual: you sell high and buy low (spread +0.186% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WIF-USDC	0.2441	0.0100	pay 0.0050% / 4h	1h 06m	—	$2.3M	—
Short	gTrade (Gains Network) WIF/USD	0.2446	L +0.0002% / S −0.0002%	get 0.0000% / 1h	6m 09s	$15K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.186%Rate

Funding earned: −$20.68
Price spread: +0.186% → 0.000%: $18.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$22.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; gTrade (Gains Network): 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 BingX live order book, 7 min ago	2.06 bp	25.9 bp −$26	69.8 bp −$698	318.9 bp −$31.9K	601.7 bp −$300.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Backpack WIF_USDC_PERP	−0.0287%	1h	0.2445	+0.180%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0026%	4h	0.2445	+0.164%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2440	−0.054%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0002%	1h	0.2446	+0.186%	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.884%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2447	+0.246%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2447	+0.238%	$133K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.205%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2449	+0.340%	$7.6M	$4.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2445	+0.165%	$25K	$255K	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	0.2441	−0.010%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2446	+0.219%	$18.3M	$101.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2444	+0.135%	$16.9M	$35.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2446	+0.205%	$6.1M	$31.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2446	+0.205%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2446	+0.205%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2447	+0.246%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDClong	+0.0100%	4h	0.2441	long leg	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2420	−0.853%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2433	−0.339%	$277K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2433	−0.328%	$43K	$619K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	+0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2446	+0.205%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2442	+0.041%	$169K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2445	+0.144%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.195%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0159%	1h	0.2448	+0.287%	$48K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0237% / S −0.1355%	1h	0.2446	+0.197%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2446	+0.205%	$321K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2437	−0.164%	$982K	$718K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0370%	1h	0.2447	+0.266%	$652K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.171%	$0	—	15x	as long as short