Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: OKX against Extended−1.528%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+1.602%+$160 · spread now −1.528%, 7d avg +0.045%

Together, before fees+1.638%+ Points / potential airdropExtended: Active · farm board+$164 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: OKX is 1.573% cheaper against Extended than usual: you would sell low and buy high, −$157 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WIF-USD	0.2544	0.0104	pay 0.0013% / 1h	13m 05s	$10K	$181K	25x
Short	OKX WIF-USDT-SWAP	0.2505	0.0100	get 0.0050% / 4h	13m 05s	$5.7M	$43.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −1.528%Rate

Funding earned: −$0.84
Price spread: −1.528% → +0.045%: −$157.34
Slippage, 4 orders: −$53.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$226.86
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; OKX: live order book, 6 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, 23 min ago	9.93 bp	21.7 bp −$22	105.8 bp −$1,058	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.99 bp	12.2 bp −$12	35.7 bp −$357	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0182% / S +0.0276%	1h	0.2533	−0.409%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−3.219%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2541	−0.113%	$1.0M	$963K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2541	−0.126%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2544	+0.024%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0041%	1h	0.2543	−0.034%	$77K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2547	+0.142%	$146K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2544	+0.005%	$55K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2547	+0.115%	$8.9M	$6.9M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2535	−0.343%	$30K	$352K	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	0.2543	−0.050%	$79K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2515	−1.145%	$19.3M	$150.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2508	−1.410%	$17.0M	$49.6M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2505	−1.528%	$5.7M	$43.9M	50x
Gate WIF_USDT	+0.0100%	4h	0.2544	+0.005%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2545	+0.044%	$22.7M	$12.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2545	+0.044%	$4.3M	$17.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2504	−1.568%	$7.6M	$16.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2542	−0.074%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	−1.052%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2536	−0.309%	$286K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2531	−0.506%	$46K	$640K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2546	+0.083%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2542	−0.074%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2546	+0.072%	$586	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2541	−0.113%	$161K	$912K	75x	as long as short
Extended WIF-USDlong	+0.0104%	1h	0.2544	long leg	$10K	$181K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2546	+0.083%	$85K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0143%	1h	0.2547	+0.123%	$34K	$275K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2548	+0.162%	$338K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2544	+0.011%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0796%	1h	0.2546	+0.096%	$662K	$2.7M	50x	as long as short