Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.064%

Price spread now: KuCoin against Coinbase International+0.039%7-day average −0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.422%−$42 on $10k

Price spread, last 4 days (all we have)−0.520%−$52 · spread now +0.039%, 7d avg −0.161%

Together, before fees−0.942%−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.200% dearer against Coinbase International than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.161%): +$20 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2566	0.0312	pay 0.0039% / 1h	17m 49s	$364K	$4.0M	50x
Short	KuCoin WIFUSDTM	0.2567	0.0100	get 0.0050% / 4h	3h 17m	$4.2M	$18.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$44.52
Price spread: +0.039% → −0.161%: $19.98
Slippage, 4 orders: −$82.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$129.14
Costs to cover: 1.046%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; KuCoin: live order book, 11 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, 1 min ago	9.73 bp	34.8 bp −$35	444.6 bp −$4,446	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	4.02 bp	25.4 bp −$25	52.8 bp −$528	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0477% / S +0.0336%	1h	0.2567	+0.028%	$20K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2531	−1.364%	$1.0M	$1.0M	75x	as long as short
Gate WIF_USDT	−0.0092%	4h	0.2565	−0.039%	$1.4M	$11.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2565	−0.053%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2567	+0.021%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2568	+0.078%	$6K	$1.2M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2568	+0.074%	$152K	$839K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2566	0.000%	$55K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2567	+0.027%	$10.3M	$9.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2566	−0.017%	$41K	$411K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2563	−0.125%	$79K	$90K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2565	−0.037%	$20.4M	$167.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2566	0.000%	$17.8M	$56.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2567	+0.039%	$6.2M	$50.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2567	+0.039%	$24.1M	$15.6M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2567	+0.039%	$4.2M	$18.1M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2565	−0.039%	$7.8M	$18.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2568	+0.078%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2571	+0.179%	$83K	$350K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−1.203%	$78K	$367K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2535	−1.201%	$291K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2533	−1.286%	$35K	$654K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2565	−0.039%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2569	+0.121%	$593	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2561	−0.195%	$166K	$973K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2565	−0.024%	$12K	$212K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2573	+0.272%	$86K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0139%	1h	0.2569	+0.117%	$34K	$261K	25x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0312%	1h	0.2566	long leg	$364K	$4.0M	50x
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	−2.221%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2563	−0.111%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0720%	1h	0.2570	+0.163%	$671K	$3.0M	50x	as long as short