Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: MEXC against dYdX+0.082%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 MEXC

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 MEXC is 0.082% dearer against dYdX than usual: you sell high and buy low: +$8 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	0.2445	0	get 0.0000% / 1h	6m 15s	$13K	$587	10x
Short	MEXC WIF_USDT	0.2447	0.0100	get 0.0050% / 4h	2h 06m	$22.1M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: $21
Price spread: +0.082% → 0.000%: $8.18
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $15.18
Costs to cover: 0.140%
Break-even: 1.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	2.04 bp	9.0 bp −$9	22.3 bp −$223	79.2 bp −$7,919	144.7 bp −$72.4K

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	−0.0140%	4h	0.2451	+0.245%	$961K	$924K	75x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2445	long leg	$13K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2446	+0.041%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2446	+0.056%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0039%	1h	0.2447	+0.082%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0081% / S +0.0250%	1h	0.2446	+0.040%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2448	+0.127%	$142K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2447	+0.082%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2450	+0.217%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2447	+0.070%	$29K	$339K	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	0.2445	+0.012%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.081%	$18.5M	$141.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2446	+0.041%	$16.5M	$46.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2447	+0.082%	$5.5M	$40.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2448	+0.123%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2447	+0.082%	$22.1M	$12.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2446	+0.041%	$4.1M	$16.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2448	+0.123%	$7.5M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2447	+0.082%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2450	+0.207%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2452	+0.301%	$280K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	+0.082%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	+0.082%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2442	−0.123%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2446	+0.045%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2443	−0.082%	$149K	$866K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2444	−0.028%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2446	+0.045%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0244%	1h	0.2448	+0.137%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2450	+0.204%	$328K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2445	+0.014%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.800%	$10K	$10K	12x	as long as short