Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against Bitget−0.025%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now −0.025%, 7d avg −0.084%

Together, before fees−0.256%+ Points / potential airdropExtended: Active · farm board−$26 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: Extended is 0.059% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2477	0.0100	pay 0.0050% / 4h	3h 06m	$7.5M	$12.2M	50x
Short	Extended WIF-USD	0.2476	0.0104	get 0.0013% / 1h	6m 23s	$10K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.84
Price spread: −0.025% → −0.084%: $5.93
Slippage, 4 orders: −$49.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.77
Costs to cover: 0.665%
Break-even: 505.1 days

Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 64 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, 2 min ago	2.03 bp	14.5 bp −$14	30.9 bp −$309	124.2 bp −$12.4K	doesn't fit
Sell Extended live order book, 64 min ago	6.18 bp	18.2 bp −$18	89.7 bp −$897	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
Gate WIF_USDT	−0.0162%	4h	0.2474	−0.121%	$1.3M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0145%	1h	0.2479	+0.073%	$74K	$256K	10x	as long as short
KuCoin WIFUSDTM	−0.0072%	4h	0.2473	−0.161%	$5.0M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2478	+0.021%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2478	+0.040%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2477	+0.018%	$801	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.283%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2479	+0.071%	$647K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2480	+0.125%	$147K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2477	0.000%	$56K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2477	0.000%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2477	+0.015%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2478	+0.032%	$77K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	0.000%	$18.8M	$109.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2476	−0.040%	$17.0M	$37.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2475	−0.081%	$5.9M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2477	0.000%	$22.5M	$11.2M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2477	long leg	$7.5M	$12.2M	50x
BingX WIF-USDC	+0.0100%	4h	0.2475	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	+0.407%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2471	−0.252%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	−0.040%	$43K	$633K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2473	−0.161%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	+0.032%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2474	−0.121%	$169K	$746K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2476	−0.025%	$10K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2478	+0.022%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0185% / S −0.0047%	1h	0.2477	−0.007%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0199%	1h	0.2480	+0.105%	$8.0M	$4.3M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2479	+0.081%	$331K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2477	0.000%	$1.0M	$700K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.039%	$0	—	15x	as long as short