Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.003%

Price spread now: Bybit against gTrade (Gains Network)+0.073%7-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 Bybit

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 +$3 a day on $10k at the current rate, and Bybit is 0.073% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2533	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	15m 06s	$4K	—	150x
Short	Bybit WIFUSDT	0.2535	0.0100	get 0.0050% / 4h	15m 06s	$17.0M	$49.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $20.68
Price spread: +0.073% → 0.000%: $7.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $7.03
Costs to cover: 0.210%
Break-even: 4.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.00 bp	13.6 bp −$14	29.5 bp −$295	193.5 bp −$19.3K	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0182% / S +0.0276%	1h	0.2533	+0.002%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.820%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2533	−0.017%	$1.0M	$960K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2529	−0.156%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2535	+0.062%	$34K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2533	long leg	$4K	—	150x
Backpack WIF_USDC_PERP	+0.0025%	1h	0.2536	+0.085%	$76K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2536	+0.113%	$145K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2532	−0.057%	$55K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2539	+0.235%	$8.8M	$6.9M	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	0.2536	+0.108%	$30K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2529	−0.188%	$79K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2538	+0.175%	$19.5M	$149.5M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2535	+0.073%	$17.0M	$49.2M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2537	+0.141%	$5.7M	$44.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2534	+0.022%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2534	+0.022%	$22.7M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2534	+0.022%	$4.3M	$17.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2537	+0.141%	$7.7M	$16.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2536	+0.101%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	−0.645%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−1.006%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	−0.807%	$45K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2534	+0.022%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2533	−0.017%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2535	+0.042%	$583	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2528	−0.215%	$160K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2533	−0.001%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2535	+0.047%	$85K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2534	+0.022%	$336K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2530	−0.150%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0799%	1h	0.2536	+0.114%	$660K	$2.7M	50x	as long as short