Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.021%

Price spread now: Binance against gTrade (Gains Network)−0.050%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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. Binance is 0.050% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 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	gTrade (Gains Network) WIF/USD	0.2449	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	3m 49s	$15K	—	150x
Short	Binance WIFUSDT	0.2447	0.0100	get 0.0050% / 4h	1h 03m	$18.3M	$101.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $20.57
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.44
Costs to cover: 0.200%
Break-even: 8.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 9 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.06 bp	13.0 bp −$13	29.5 bp −$295	97.1 bp −$9,707	doesn't fit

gTrade (Gains Network): 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
Backpack WIF_USDC_PERP	−0.0283%	1h	0.2445	−0.149%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0020%	4h	0.2446	−0.104%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2449	+0.004%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2448	−0.022%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0002%	1h	0.2449	long leg	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.187%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2448	−0.022%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2448	−0.039%	$133K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2450	+0.059%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2450	+0.051%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2448	−0.025%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2449	+0.016%	$77K	$49K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2447	−0.050%	$18.3M	$101.5M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2445	−0.145%	$16.9M	$35.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	−0.145%	$6.1M	$31.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2447	−0.063%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	−0.063%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2447	−0.063%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2443	−0.227%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2438	−0.424%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2433	−0.646%	$277K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2438	−0.431%	$43K	$619K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2444	−0.186%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	−0.063%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2444	−0.186%	$169K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2447	−0.083%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2447	−0.063%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0237% / S −0.1355%	1h	0.2448	−0.010%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2449	+0.018%	$321K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2447	−0.063%	$989K	$722K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0369%	1h	0.2450	+0.044%	$653K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2447	−0.067%	$0	—	15x	as long as short