Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.047%

Price spread now: dYdX against BloFin−0.017%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2479	−0.0140	get 0.0070% / 4h	1h 21m	$982K	$938K	75x
Short	dYdX WIF-USD	0.2479	0	get 0.0000% / 1h	21m 09s	$13K	$587	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $29.4
Price spread: −0.017% → 0.000%: −$1.7
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $5.7
Costs to cover: 0.220%
Break-even: 5.6 days

Slippage unknown: BloFin: live order book, 1 min ago; dYdX: 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 BloFin live order book, 1 min ago	6.05 bp	15.4 bp −$15	17.4 bp −$174	48.5 bp −$4,849	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.686%	$10K	$11K	12x	as long as short
BloFin WIF-USDTlong	−0.0140%	4h	0.2479	long leg	$982K	$938K	75x
Backpack WIF_USDC_PERP	−0.0041%	1h	0.2475	−0.177%	$73K	$293K	10x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2479	−0.017%	$13K	$587	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2475	−0.144%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0032% / S +0.0255%	1h	0.2476	−0.128%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	−0.048%	$143K	$702K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2475	−0.161%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2479	−0.012%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2476	−0.120%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2479	−0.008%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2476	−0.107%	$18.9M	$144.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2475	−0.161%	$16.7M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2477	−0.081%	$5.5M	$41.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2474	−0.202%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2475	−0.161%	$22.4M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2475	−0.161%	$4.1M	$16.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2476	−0.121%	$7.5M	$15.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2474	−0.202%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2473	−0.239%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−0.242%	$280K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2473	−0.242%	$45K	$632K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2476	−0.121%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2472	−0.282%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2477	−0.101%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2475	−0.161%	$143K	$910K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2474	−0.185%	$10K	$150K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2476	−0.127%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2477	−0.081%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2478	−0.044%	$642K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2481	+0.081%	$326K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.118%	$0	—	15x	as long as short