Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against Bitget+0.023%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.023% dearer against Bitget than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2419	0.0100	pay 0.0050% / 4h	23m 26s	$7.5M	$11.8M	50x
Short	gTrade (Gains Network) WIF/USD	0.2420	L +0.0002% / S −0.0001%	get 0.0000% / 1h	23m 26s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.023%Rate

Funding earned: −$20.83
Price spread: +0.023% → 0.000%: $2.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	4.12 bp	11.3 bp −$11	21.3 bp −$213	78.8 bp −$7,876	doesn't fit
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	−0.0406%	1h	0.2415	−0.157%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2420	+0.026%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2418	−0.041%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2420	+0.023%	$16K	—	150x
KuCoin WIFUSDTM	+0.0024%	4h	0.2417	−0.083%	$4.3M	$11.6M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.992%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2421	+0.083%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2418	−0.058%	$135K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2418	−0.041%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2421	+0.095%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2419	−0.006%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2419	−0.017%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2420	+0.041%	$18.0M	$103.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2420	+0.041%	$16.7M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2418	−0.041%	$6.0M	$31.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2418	−0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2419	0.000%	$21.8M	$10.8M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2419	long leg	$7.5M	$11.8M	50x
BingX WIF-USDT	+0.0100%	4h	0.2419	0.000%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2419	+0.009%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2426	+0.293%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2419	0.000%	$42K	$625K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2418	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2417	−0.074%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2414	−0.207%	$167K	$744K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2417	−0.072%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2418	−0.055%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2420	+0.051%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2425	+0.248%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0323%	1h	0.2420	+0.030%	$628K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2419	0.000%	$983K	$723K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2419	−0.014%	$0	—	15x	as long as short