Funding arb · Price arb /

WIF

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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 −0.026%

Price spread now: Variational Omni against Bybit−0.114%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.114% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2427	0.0100	pay 0.0050% / 4h	27m 05s	$16.7M	$36.0M	50x
Short	Variational Omni WIF	0.2424	0.0100	get 0.0050% / 4h	27m 05s	$72K	$68K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → 0.000%: −$11.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.45
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: 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 Bybit live order book, 2 min ago	4.12 bp	11.8 bp −$12	25.8 bp −$258	186.3 bp −$18.6K	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Backpack WIF_USDC_PERP	−0.0398%	1h	0.2426	−0.041%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2428	+0.028%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2427	0.000%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2427	−0.018%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.319%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0042%	4h	0.2424	−0.124%	$4.3M	$11.6M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2427	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2428	+0.049%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2429	+0.082%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2431	+0.171%	$7.5M	$4.0M	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	0.2429	+0.063%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2428	+0.029%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2428	+0.060%	$18.1M	$103.6M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2427	long leg	$16.7M	$36.0M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2426	−0.041%	$6.0M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2427	0.000%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2428	+0.041%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2428	+0.041%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2427	0.000%	—	$65.7M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2424	−0.114%	$72K	$68K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2422	−0.206%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2427	0.000%	$43K	$625K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2425	−0.082%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2426	−0.037%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2427	0.000%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2427	−0.018%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2426	−0.041%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2427	−0.010%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	+0.082%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2429	+0.062%	$630K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2427	0.000%	$987K	$726K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2426	−0.053%	$0	—	15x	as long as short