Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget−0.633%7-day average +0.442% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)+1.026%+$103 · spread now −0.633%, 7d avg +0.442%

Together, before fees+1.207%+$121 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: HTX is 1.075% cheaper against Bitget than usual: you would sell low and buy high, −$107 on $10k if it goes back to its 7-day average of +0.442%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2529	0.0100	pay 0.0050% / 4h	15m 38s	$7.7M	$16.3M	50x
Short	HTX WIF-USDT	0.2513	0.0100	get 0.0050% / 4h	15m 38s	$159K	$912K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.633%Rate

Funding earned: $0
Price spread: −0.633% → +0.442%: −$107.45
Slippage, 4 orders: −$101.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$232.74
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 23 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	1.99 bp	14.4 bp −$14	29.4 bp −$294	113.5 bp −$11.4K	doesn't fit
Sell HTX live order book, 23 min ago	5.95 bp	64.0 bp −$64	559.2 bp −$5,592	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0176% / S +0.0275%	1h	0.2519	−0.414%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.649%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	−0.514%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2529	+0.020%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2520	−0.356%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2519	−0.380%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0018%	1h	0.2517	−0.467%	$76K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2530	+0.047%	$145K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2532	+0.119%	$55K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2530	+0.028%	$8.8M	$6.9M	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	0.2530	+0.056%	$30K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2529	−0.013%	$79K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2528	−0.038%	$19.4M	$149.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2527	−0.059%	$16.9M	$49.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2529	0.000%	$5.7M	$44.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2528	−0.040%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2528	−0.040%	$22.7M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2529	0.000%	$4.3M	$17.2M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2529	long leg	$7.7M	$16.3M	50x
BingX WIF-USDT	+0.0100%	4h	0.2529	0.000%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	−0.470%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.832%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	−0.633%	$45K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2520	−0.356%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	−0.554%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2519	−0.395%	$581	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2513	−0.633%	$159K	$912K	75x
Extended WIF-USD	+0.0104%	1h	0.2527	−0.063%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	−0.430%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2522	−0.277%	$334K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	−0.480%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0804%	1h	0.2520	−0.344%	$656K	$2.7M	50x	as long as short