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: OKX against Bitget+0.041%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.041%, 7d avg −0.032%

Together, before fees−0.054%−$5 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: OKX is 0.073% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2439	0.0100	pay 0.0050% / 4h	1h 56m	$7.4M	$15.6M	50x
Short	OKX WIF-USDT-SWAP	0.2440	0.0100	get 0.0050% / 4h	1h 56m	$5.4M	$40.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.032%: $7.3
Slippage, 4 orders: −$35.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.59
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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	2.03 bp	16.4 bp −$16	31.8 bp −$318	123.7 bp −$12.4K	doesn't fit
Sell OKX live order book, 3 min ago	2.03 bp	12.4 bp −$12	26.2 bp −$262	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.615%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2453	+0.574%	$975K	$925K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	+0.308%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2443	+0.164%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2443	+0.176%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0019%	1h	0.2438	−0.049%	$72K	$294K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0070% / S +0.0252%	1h	0.2444	+0.219%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2443	+0.152%	$141K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2446	+0.287%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2443	+0.168%	$8.5M	$6.4M	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	0.2441	+0.094%	$31K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	+0.303%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2440	+0.041%	$18.6M	$142.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2440	+0.041%	$16.5M	$47.0M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2440	+0.041%	$5.4M	$40.9M	50x
Gate WIF_USDT	+0.0100%	4h	0.2440	+0.041%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2440	+0.041%	$22.3M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2439	0.000%	$4.0M	$16.3M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2439	long leg	$7.4M	$15.6M	50x
BingX WIF-USDT	+0.0100%	4h	0.2441	+0.082%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	+0.371%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	+0.412%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	+0.410%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2443	+0.164%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2438	−0.041%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2441	+0.082%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2439	0.000%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2440	+0.036%	$10K	$170K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2442	+0.141%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0349%	1h	0.2444	+0.190%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2450	+0.451%	$341K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.250%	$0	—	15x	as long as short