Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: ApeX Omni against Bitget+0.409%113s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$670.669% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.409%, 7d avg −0.058%

Together, before fees−0.303%−$30 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: ApeX Omni is 0.467% dearer against Bitget than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 113 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	Bitget WIFUSDT	0.2445	0.0100	pay 0.0050% / 4h	3h 55m	$7.5M	$11.8M	50x
Short	ApeX Omni WIFUSDT	0.2455	0.0100	get 0.0013% / 1h	55m 42s	$43K	$629K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.409%Rate

Funding earned: $0
Price spread: +0.409% → −0.058%: $46.7
Slippage, 4 orders: −$44.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.23
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 17 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 Bitget live order book, 3 min ago	4.09 bp	16.7 bp −$17	36.5 bp −$365	108.7 bp −$10.9K	doesn't fit
Sell ApeX Omni live order book, 17 min ago	10.28 bp	18.7 bp −$19	124.4 bp −$1,244	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
Backpack WIF_USDC_PERP	−0.0562%	1h	0.2451	+0.258%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2452	+0.286%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	+0.108%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2452	+0.269%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0020%	4h	0.2444	−0.041%	$4.3M	$11.8M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.045%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2454	+0.358%	$637K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2451	+0.245%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	+0.266%	$136K	$565K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2450	+0.204%	$54K	$484K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2456	+0.446%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2454	+0.355%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	+0.142%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.080%	$18.4M	$104.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2445	+0.012%	$16.9M	$36.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2442	−0.123%	$6.0M	$32.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2453	+0.327%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.082%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2445	long leg	$7.5M	$11.8M	50x
BingX WIF-USDC	+0.0100%	4h	0.2449	+0.164%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2451	+0.252%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2453	+0.327%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2455	+0.409%	$43K	$629K	25x
SunX WIF-USDT	+0.0100%	4h	0.2448	+0.123%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	+0.266%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2449	+0.164%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2453	+0.329%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	+0.270%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2452	+0.279%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2452	+0.286%	$327K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2451	+0.245%	$986K	$739K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	+0.150%	$0	—	15x	as long as short