Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.020%

Price spread now: Extended against Bybit+0.076%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.076%, 7d avg 0.000%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.076% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2478	0.0100	pay 0.0050% / 4h	2h 44m	$17.0M	$38.0M	50x
Short	Extended WIF-USD	0.2480	0.0104	get 0.0013% / 1h	44m 22s	$11K	$155K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0.84
Price spread: +0.076% → 0.000%: $7.55
Slippage, 4 orders: −$50.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.18
Costs to cover: 0.666%
Break-even: 491.8 days

Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 21 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, 4 min ago	4.04 bp	11.5 bp −$12	29.4 bp −$294	150.8 bp −$15.1K	doesn't fit
Sell Extended live order book, 21 min ago	8.07 bp	19.6 bp −$20	100.4 bp −$1,004	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	−0.0783%	1h	0.2470	−0.323%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0128%	4h	0.2474	−0.161%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2481	+0.126%	$647K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0020%	4h	0.2476	−0.081%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.177%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2478	+0.016%	$800	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0086%	1h	0.2473	−0.210%	$77K	$269K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	−0.182%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.081%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2478	0.000%	$5K	$1.3M	10x	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	0.2473	−0.206%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2474	−0.168%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	−0.038%	$18.8M	$111.6M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2478	long leg	$17.0M	$38.0M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2479	+0.040%	$5.9M	$34.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2475	−0.121%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2479	+0.040%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2478	0.000%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.116%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.340%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	+0.040%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2473	−0.202%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.101%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2469	−0.363%	$169K	$749K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2480	+0.076%	$11K	$155K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2480	+0.066%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	+0.081%	$49K	$289K	25x	as long as short
Hyperliquid WIF	+0.0175%	1h	0.2480	+0.093%	$8.0M	$4.7M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0178% / S −0.0042%	1h	0.2476	−0.083%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2473	−0.202%	$325K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.363%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.096%	$0	—	15x	as long as short