Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: OKX against dYdX−0.053%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 OKX

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. OKX is 0.053% cheaper against dYdX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 43 hours 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	0.2553	0	get 0.0000% / 1h	46m 05s	$13K	$587	10x
Short	OKX WIF-USDT-SWAP	0.2552	0.0100	get 0.0050% / 4h	46m 05s	$6.3M	$52.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → 0.000%: −$5.33
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.33
Costs to cover: 0.200%
Break-even: 8.4 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.96 bp	14.8 bp −$15	40.5 bp −$405	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 exchanges

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	0.2558	+0.182%	$877K	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0122% / S +0.0184%	1h	0.2551	−0.109%	$9K	—	100x	as long as short
dYdX WIF-USDlong	0.0000%	1h	0.2553	long leg	$13K	$587	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2549	−0.171%	$34K	$251K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2549	−0.165%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0005%	1h	0.2550	−0.128%	$91K	$381K	10x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2549	−0.171%	$10K	$28K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2551	−0.081%	$131K	$938K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2555	+0.064%	$54K	$609K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2548	−0.210%	$5K	$853K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2553	−0.026%	$10.0M	$9.6M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2552	−0.053%	$31K	$407K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2553	−0.018%	$79K	$99K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2552	−0.057%	$20.7M	$178.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2551	−0.092%	$17.5M	$60.1M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2552	−0.053%	$6.3M	$52.5M	50x
Gate WIF_USDT	+0.0100%	4h	0.2552	−0.053%	$1.2M	$12.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2552	−0.053%	$22.3M	$15.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2550	−0.132%	$3.8M	$18.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2552	−0.053%	$7.7M	$19.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2552	−0.053%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2518	−1.391%	$80K	$365K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2528	−0.994%	$287K	$3.4M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2521	−1.267%	$36K	$648K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2545	−0.327%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2550	−0.151%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2548	−0.210%	$159K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2548	−0.225%	$9K	$271K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2548	−0.210%	$85K	—	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0358%	1h	0.2551	−0.102%	$648K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2552	−0.059%	$1	—	15x	as long as short
Coinbase International WIF-PERP-INTX	+0.0600%	1h	0.2555	+0.064%	$343K	$4.0M	50x	as long as short