Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.021%

Price spread now: MEXC against gTrade (Gains Network)+0.026%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 MEXC

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 MEXC is 0.026% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 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	0.2549	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	17m 29s	—	—	150x
Short	MEXC WIF_USDT	0.2550	0.0100	get 0.0050% / 4h	3h 17m	$23.7M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.026%Rate

Funding earned: $20.68
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $9.31
Costs to cover: 0.140%
Break-even: 3.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.97 bp	6.5 bp −$7	16.1 bp −$161	88.3 bp −$8,826	149.0 bp −$74.5K

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
BloFin WIF-USDT	−0.0192%	4h	0.2537	−0.484%	$1.1M	$905K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2546	−0.131%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2543	−0.248%	$39K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0001%	1h	0.2549	long leg	—	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.222%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2548	−0.040%	$146K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2550	+0.026%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2548	−0.057%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2548	−0.053%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2551	+0.064%	$20.2M	$129.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2550	+0.022%	$17.5M	$43.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2550	+0.026%	$6.1M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2546	−0.131%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2550	+0.026%	$23.7M	$11.6M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2548	−0.052%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2549	−0.013%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2548	−0.052%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2542	−0.284%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−0.560%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.641%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2536	−0.523%	$46K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2551	+0.066%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2533	−0.641%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2541	−0.307%	$594	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2542	−0.288%	$167K	$736K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2548	−0.060%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2543	−0.266%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2549	−0.010%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2543	−0.248%	$337K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2543	−0.257%	$664K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2549	−0.010%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0646%	1h	0.2555	+0.234%	$8.6M	$5.3M	5x	as long as short