Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.074%

Price spread now: BloFin against gTrade (Gains Network)+0.100%50s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.100% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2431	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	41m 30s	$15K	—	150x
Short	BloFin WIF-USDT	0.2433	0.0340	get 0.0170% / 4h	41m 30s	$988K	$724K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.100%Rate

Funding earned: $70.97
Price spread: +0.100% → 0.000%: $9.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $58.93
Costs to cover: 0.220%
Break-even: 1.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 36 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 BloFin live order book, 36 min ago	6.19 bp	16.2 bp −$16	28.1 bp −$281	55.7 bp −$5,574	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	−0.0401%	1h	0.2429	−0.081%	$72K	$249K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0162%	1h	0.2429	−0.065%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2433	+0.082%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0002%	1h	0.2431	long leg	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.464%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0036%	4h	0.2430	−0.024%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2429	−0.065%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2432	+0.071%	$136K	$568K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2432	+0.058%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2435	+0.202%	$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	0.2432	+0.077%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2432	+0.059%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2433	+0.100%	$18.1M	$103.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2431	+0.001%	$16.7M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2432	+0.058%	$6.0M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2432	+0.058%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2432	+0.058%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2432	+0.058%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2430	−0.024%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2452	+0.889%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	+0.182%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	+0.717%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2428	−0.106%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2430	−0.036%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2430	−0.024%	$168K	$739K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2431	+0.020%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2429	−0.044%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2429	−0.048%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2431	+0.017%	$321K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2432	+0.060%	$635K	$2.2M	50x	as long as short
BloFin WIF-USDTshort	+0.0340%	4h	0.2433	+0.100%	$988K	$724K	75x
Reya WIFRUSDPERP	+0.0558%	1h	0.2431	+0.005%	$0	—	15x	as long as short