Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.015%

Price spread now: KuCoin against Extended−0.053%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

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

costs, in and out, $10k−$780.785% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.053%, 7d avg +0.016%

Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.069% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2440	0.0104	pay 0.0013% / 1h	4m 39s	$11K	$165K	25x
Short	KuCoin WIFUSDTM	0.2439	0.0100	get 0.0050% / 4h	2h 04m	$4.1M	$16.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$0.84
Price spread: −0.053% → +0.016%: −$6.9
Slippage, 4 orders: −$61.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$86.19
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; KuCoin: live order book, 4 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 Extended live order book, 41 min ago	6.13 bp	18.7 bp −$19	86.3 bp −$863	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	4.08 bp	20.4 bp −$20	64.2 bp −$642	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
BloFin WIF-USDT	−0.0140%	4h	0.2442	+0.069%	$963K	$921K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2440	−0.012%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2439	−0.053%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2442	+0.083%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0034%	1h	0.2439	−0.049%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0080% / S +0.0250%	1h	0.2444	+0.135%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2441	+0.041%	$142K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2444	+0.151%	$52K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2442	+0.061%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2444	+0.151%	$29K	$340K	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	0.2440	+0.001%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2444	+0.151%	$18.5M	$141.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2442	+0.069%	$16.5M	$46.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2441	+0.029%	$5.5M	$40.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2440	−0.012%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2440	−0.012%	$22.0M	$12.2M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2439	−0.053%	$4.1M	$16.2M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2440	−0.012%	$7.4M	$15.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2442	+0.069%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	+0.175%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	+0.233%	$271K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2451	+0.438%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2440	−0.012%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2436	−0.176%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2440	−0.021%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2440	−0.012%	$149K	$866K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2440	long leg	$11K	$165K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2438	−0.091%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0245%	1h	0.2441	+0.026%	$631K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2442	+0.069%	$327K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2444	+0.135%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.611%	$10K	$10K	12x	as long as short