Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against Bybit+0.085%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$560.565% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.085%, 7d avg +0.013%

Together, before fees+0.056%+$6 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: Binance is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2358	0.0100	pay 0.0050% / 4h	2h 06m	$16.5M	$34.7M	50x
Short	Binance WIFUSDT	0.2360	0.0100	get 0.0050% / 4h	2h 06m	$17.5M	$99.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.013%: $7.17
Slippage, 4 orders: −$35.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.3
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 7 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 Bybit live order book, 3 min ago	2.11 bp	13.3 bp −$13	32.8 bp −$328	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.11 bp	12.7 bp −$13	27.1 bp −$271	100.5 bp −$10.0K	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
Backpack WIF_USDC_PERP	−0.0641%	1h	0.2364	+0.250%	$73K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.569%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0186%	4h	0.2358	0.000%	$4.1M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0174%	1h	0.2360	+0.085%	$46K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2362	+0.168%	$625K	$2.1M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2358	−0.005%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2360	+0.085%	$14K	—	150x	as long as short
Variational Omni WIF	+0.0003%	4h	0.2365	+0.316%	$67K	$65K	—	as long as short
Aster WIFUSDT	+0.0055%	4h	0.2360	+0.088%	$23K	$255K	10x	as long as short
Gate WIF_USDT	+0.0058%	4h	0.2359	+0.042%	$1.2M	$6.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0068%	4h	0.2368	+0.414%	$272K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2359	+0.042%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2360	+0.098%	$131K	$541K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2360	+0.085%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2363	+0.199%	$7.3M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2357	−0.028%	$74K	$48K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2360	+0.085%	$17.5M	$99.4M	75x
Bybit WIFUSDTlong	+0.0100%	4h	0.2358	long leg	$16.5M	$34.7M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2361	+0.127%	$6.0M	$30.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2359	+0.042%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2360	+0.085%	$7.2M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2360	+0.085%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2369	+0.466%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2355	−0.127%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2359	+0.064%	$539	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2357	−0.042%	$163K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2359	+0.051%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2359	+0.037%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0165% / S −0.0859%	1h	0.2360	+0.095%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2359	+0.042%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2363	+0.212%	$969K	$683K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2359	+0.059%	$0	—	15x	as long as short