Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: KuCoin against dYdX−0.293%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.293% cheaper against dYdX than usual: you would sell low and buy high (spread −0.293% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 9.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WIF-USD	0.2554	0	get 0.0000% / 1h	16m 35s	$14K	$597	10x
Short	KuCoin WIFUSDTM	0.2547	0.0100	get 0.0050% / 4h	3h 16m	$4.3M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.293%Rate

Funding earned: $21
Price spread: −0.293% → 0.000%: −$29.32
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.32
Costs to cover: 0.220%
Break-even: 17.1 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	3.95 bp	25.4 bp −$25	59.3 bp −$593	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
BloFin WIF-USDT	−0.0192%	4h	0.2552	−0.097%	$1.1M	$910K	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2554	long leg	$14K	$597	10x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2549	−0.202%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.020%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2551	−0.137%	$146K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2553	−0.058%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2553	−0.068%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2553	−0.074%	$80K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2553	−0.068%	$20.2M	$129.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2550	−0.168%	$17.6M	$43.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2550	−0.176%	$6.1M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2553	−0.058%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2555	+0.020%	$23.7M	$11.6M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2547	−0.293%	$4.3M	$15.3M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2552	−0.097%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2555	+0.020%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2549	−0.231%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−0.761%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.841%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2536	−0.724%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2551	−0.137%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2546	−0.332%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2550	−0.156%	$596	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2542	−0.489%	$168K	$737K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2555	+0.012%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2550	−0.178%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2549	−0.212%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0142%	1h	0.2551	−0.137%	$39K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2552	−0.097%	$338K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0360%	1h	0.2551	−0.120%	$667K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2552	−0.084%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0656%	1h	0.2555	+0.016%	$8.6M	$5.3M	5x	as long as short