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 +0.029%

Price spread now: OKX against gTrade (Gains Network)−0.105%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 OKX

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. OKX is 0.105% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days 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	0.2409	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	24m 03s	$15K	—	150x
Short	OKX WIF-USDT-SWAP	0.2406	0.0100	get 0.0050% / 4h	1h 24m	$6.0M	$31.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $20.57
Price spread: −0.105% → 0.000%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.98
Costs to cover: 0.200%
Break-even: 10.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	2.09 bp	13.9 bp −$14	25.4 bp −$254	doesn't fit	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	−0.0269%	1h	0.2406	−0.118%	$74K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0165%	1h	0.2406	−0.105%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0060%	4h	0.2407	−0.064%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2409	+0.006%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S −0.0002%	1h	0.2409	long leg	$15K	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.562%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2406	−0.105%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2408	−0.035%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2407	−0.064%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2411	+0.110%	$7.5M	$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	0.2409	0.000%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2411	+0.084%	$76K	$50K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2408	−0.040%	$17.9M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2407	−0.072%	$16.7M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2406	−0.105%	$6.0M	$31.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2408	−0.022%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2407	−0.064%	$21.8M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2408	−0.022%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2402	−0.272%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2401	−0.305%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2400	−0.355%	$266K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2397	−0.479%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2402	−0.272%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2407	−0.064%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2405	−0.147%	$167K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2407	−0.083%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2406	−0.105%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0217% / S −0.1217%	1h	0.2408	−0.010%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2411	+0.102%	$318K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2407	−0.064%	$981K	$707K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2408	−0.032%	$630K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2407	−0.077%	$0	—	15x	as long as short