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 +0.016%

Price spread now: Gate against Bybit−0.041%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.041%, 7d avg +0.026%

Together, before fees+0.106%+$11 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: Gate is 0.067% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2453	0.0100	pay 0.0050% / 4h	41m 58s	$16.8M	$39.3M	50x
Short	Gate WIF_USDT	0.2452	0.0100	get 0.0050% / 4h	41m 58s	$1.2M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.026%: −$6.72
Slippage, 4 orders: −$54.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.79
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	2.05 bp	13.6 bp −$14	34.4 bp −$344	198.2 bp −$19.8K	doesn't fit
Sell Gate live order book, 1 min ago	4.10 bp	22.3 bp −$22	92.1 bp −$921	166.8 bp −$16.7K	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	−0.0297%	1h	0.2450	−0.135%	$80K	$280K	10x	as long as short
BloFin WIF-USDT	−0.0185%	4h	0.2443	−0.408%	$1.0M	$812K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	−0.264%	$18K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2451	−0.067%	$792	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.693%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2453	0.000%	$138K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2447	−0.245%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2453	−0.018%	$32K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	−0.304%	$76K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2454	+0.023%	$18.9M	$117.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDTlong	+0.0100%	4h	0.2453	long leg	$16.8M	$39.3M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2455	+0.082%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDTshort	+0.0100%	4h	0.2452	−0.041%	$1.2M	$7.7M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2453	0.000%	$22.5M	$11.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2453	0.000%	$5.0M	$14.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2453	0.000%	$7.5M	$13.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2451	−0.082%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+0.736%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2451	−0.082%	$277K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2477	+0.978%	$45K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2453	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2447	−0.245%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2450	−0.102%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2448	−0.204%	$163K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2453	+0.015%	$8K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2448	−0.208%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0139% / S −0.0016%	1h	0.2452	−0.032%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0158%	1h	0.2452	−0.041%	$44K	$260K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0264%	1h	0.2452	−0.039%	$641K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2451	−0.082%	$329K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0377%	1h	0.2456	+0.139%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2450	−0.119%	$0	—	15x	as long as short