Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: MEXC against Gate−0.079%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.079%, 7d avg −0.017%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2516	0.0100	pay 0.0050% / 4h	1h 52m	$1.2M	$12.6M	50x
Short	MEXC WIF_USDT	0.2514	0.0100	get 0.0050% / 4h	1h 52m	$22.4M	$15.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.017%: −$6.27
Slippage, 4 orders: −$50.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$75.8
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 4 min ago.

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 Gate live order book, 4 min ago	3.96 bp	20.9 bp −$21	60.8 bp −$608	91.1 bp −$9,113	doesn't fit
Sell MEXC live order book, 4 min ago	1.98 bp	12.0 bp −$12	24.4 bp −$244	113.9 bp −$11.4K	151.9 bp −$75.9K

WIF on 32 exchanges

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
Injective WIF/USDC PERP	−0.0389%	1h	0.2559	+1.709%	$10K	$28K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2517	+0.040%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0117% / S +0.0179%	1h	0.2516	+0.014%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2515	−0.025%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2517	+0.040%	$33K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2516	−0.017%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0017%	1h	0.2513	−0.103%	$85K	$363K	10x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2516	0.000%	$5K	$1.0M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2521	+0.187%	$140K	$878K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2518	+0.079%	$53K	$634K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2516	0.000%	$9.9M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2518	+0.071%	$32K	$420K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2515	−0.024%	$78K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2518	+0.077%	$20.2M	$172.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2516	−0.008%	$17.2M	$58.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2518	+0.079%	$6.2M	$51.2M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2516	long leg	$1.2M	$12.6M	50x
MEXC WIF_USDTshort	+0.0100%	4h	0.2514	−0.079%	$22.4M	$15.0M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2515	−0.040%	$3.8M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2516	0.000%	$7.6M	$19.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2516	0.000%	—	$27.6M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2525	+0.352%	$77K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2520	+0.156%	$284K	$3.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2525	+0.358%	$36K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	−0.040%	$2K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2516	0.000%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2510	−0.238%	$155K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2516	−0.013%	$9K	$263K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2517	+0.026%	$84K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2522	+0.238%	$341K	$4.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2515	−0.054%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0569%	1h	0.2521	+0.182%	$648K	$3.0M	50x	as long as short