Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.036%

Price spread now: HTX against Coinbase International−0.245%7-day average +0.383% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$1621.615% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)+0.481%+$48 · spread now −0.245%, 7d avg +0.383%

Together, before fees+0.380%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.628% cheaper against Coinbase International than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of +0.383%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2449	0.0264	pay 0.0033% / 1h	44m 38s	$324K	$2.4M	50x
Short	HTX WIF-USDT	0.2443	0.0100	get 0.0050% / 4h	44m 38s	$168K	$738K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.245%Rate

Funding earned: −$34.44
Price spread: −0.245% → +0.383%: −$62.84
Slippage, 4 orders: −$139.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$258.8
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 34 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 Coinbase International live order book, 4 min ago	4.08 bp	16.9 bp −$17	30.3 bp −$303	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	8.27 bp	81.2 bp −$81	562.1 bp −$5,621	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
Backpack WIF_USDC_PERP	−0.0392%	1h	0.2445	−0.155%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	−0.262%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2447	−0.082%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2447	−0.082%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.205%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0036%	4h	0.2444	−0.204%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2447	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2444	−0.204%	$137K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2445	−0.163%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2449	−0.012%	$7.6M	$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	0.2445	−0.163%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2444	−0.211%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2443	−0.235%	$18.2M	$103.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2443	−0.237%	$16.8M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2443	−0.245%	$6.1M	$32.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2443	−0.245%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2443	−0.245%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2442	−0.286%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2443	−0.245%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2452	+0.130%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2448	−0.042%	$278K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2445	−0.163%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2443	−0.245%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	−0.102%	$560	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2443	−0.245%	$168K	$738K	75x
Extended WIF-USD	+0.0104%	1h	0.2442	−0.283%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	−0.122%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2447	−0.101%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0264%	1h	0.2449	long leg	$324K	$2.4M	50x
Kraken Futures PF_WIFUSD	+0.0319%	1h	0.2449	−0.007%	$640K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2445	−0.163%	$995K	$729K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2446	−0.115%	$0	—	15x	as long as short