Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against dYdX+0.237%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.237% dearer against dYdX than usual: you sell high and buy low: +$24 more if the spread 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	dYdX WIF-USD	0.2531	0	get 0.0000% / 1h	20m 57s	$14K	$587	10x
Short	HTX WIF-USDT	0.2537	0.0100	get 0.0050% / 4h	3h 20m	$155K	$950K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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 dYdXbpFee HTXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $21
Price spread: +0.237% → 0.000%: $23.71
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $22.71
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 13 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell HTX live order book, 13 min ago	12.01 bp	85.6 bp −$86	642.7 bp −$6,427	doesn't fit	doesn't fit

dYdX: 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
GMX WIF/USD [WBTC.b-USDC]	L −0.0461% / S +0.0333%	1h	0.2537	+0.231%	$20K	—	100x	as long as short
Gate WIF_USDT	−0.0142%	4h	0.2533	+0.079%	$1.4M	$11.6M	50x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2532	+0.040%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2531	long leg	$14K	$587	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2536	+0.198%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2540	+0.356%	$6K	$1.2M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2540	+0.371%	$147K	$834K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2532	+0.040%	$55K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2534	+0.103%	$10.2M	$9.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2535	+0.158%	$41K	$409K	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	0.2529	−0.068%	$78K	$90K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2534	+0.135%	$20.2M	$166.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2532	+0.040%	$17.6M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2532	+0.040%	$5.9M	$49.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2534	+0.119%	$24.0M	$15.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2535	+0.158%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2533	+0.079%	$7.7M	$18.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2529	−0.079%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2537	+0.225%	$82K	$353K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	+0.163%	$78K	$367K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2530	−0.031%	$290K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2533	+0.079%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2536	+0.198%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2539	+0.316%	$585	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2537	+0.237%	$155K	$950K	75x
Extended WIF-USD	+0.0104%	1h	0.2532	+0.035%	$12K	$212K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2540	+0.341%	$85K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0144%	1h	0.2542	+0.435%	$34K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2540	+0.356%	$342K	$4.0M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	−0.869%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2534	+0.124%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0728%	1h	0.2541	+0.376%	$651K	$3.0M	50x	as long as short