Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against Bitget+0.040%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.040%, 7d avg −0.058%

Together, before fees−0.150%−$15 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: MEXC is 0.098% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2486	0.0100	pay 0.0050% / 4h	3h 33m	$7.7M	$12.0M	50x
Short	MEXC WIF_USDT	0.2487	0.0100	get 0.0050% / 4h	3h 33m	$22.4M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.058%: $9.81
Slippage, 4 orders: −$28.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.04
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; MEXC: live order book, just now.

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, just now	2.01 bp	15.1 bp −$15	30.9 bp −$309	132.4 bp −$13.2K	doesn't fit
Sell MEXC live order book, just now	2.01 bp	8.4 bp −$8	25.1 bp −$251	96.0 bp −$9,596	142.0 bp −$71.0K

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	−0.0333%	1h	0.2487	+0.044%	$76K	$255K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0152%	1h	0.2487	+0.040%	$49K	$289K	25x	as long as short
Gate WIF_USDT	−0.0048%	4h	0.2487	+0.040%	$1.2M	$7.1M	50x	as long as short
KuCoin WIFUSDTM	−0.0002%	4h	0.2485	−0.040%	$4.4M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.225%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2488	+0.080%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.644%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2487	+0.052%	$658K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2486	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2488	+0.076%	$143K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2492	+0.241%	$56K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2492	+0.229%	$25K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2493	+0.263%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2487	+0.044%	$19.1M	$107.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2485	−0.032%	$17.1M	$36.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2484	−0.080%	$6.0M	$33.7M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2487	+0.040%	$22.4M	$11.0M	50x
Bitget WIFUSDTlong	+0.0100%	4h	0.2486	long leg	$7.7M	$12.0M	50x
BingX WIF-USDC	+0.0100%	4h	0.2491	+0.201%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	+0.085%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2497	+0.446%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2466	−0.805%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2482	−0.161%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2487	+0.024%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2485	−0.040%	$171K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	−0.041%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2486	+0.020%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2487	+0.054%	$7K	—	100x	as long as short
Hyperliquid WIF	+0.0194%	1h	0.2496	+0.418%	$7.9M	$4.3M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2489	+0.121%	$335K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2484	−0.080%	$989K	$744K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	+0.166%	$0	—	15x	as long as short