Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.010%

Price spread now: Pacifica against Gate−0.238%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.238% cheaper against Gate than usual: you would sell low and buy high (spread −0.238% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.062% in total) that is about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WIF_USDT	0.2471	0.0032	pay 0.0016% / 4h	1h 35m	$1.2M	$7.5M	50x
Short	Pacifica WIF	0.2465	0.0100	get 0.0013% / 1h	35m 15s	$76K	$56K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.238%Rate

Funding earned: $14.28
Price spread: −0.238% → 0.000%: −$23.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.56
Costs to cover: 0.230%
Break-even: 23.0 days

Slippage unknown: Gate: live order book, 3 min ago; Pacifica: no order-book sample. 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 Gate live order book, 3 min ago	4.07 bp	25.0 bp −$25	55.0 bp −$550	83.0 bp −$8,297	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	−0.0176%	4h	0.2472	+0.040%	$1.0M	$824K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2465	−0.263%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2473	+0.094%	$799	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0008%	1h	0.2470	−0.024%	$78K	$280K	10x	as long as short
Gate WIF_USDTlong	+0.0032%	4h	0.2471	long leg	$1.2M	$7.5M	50x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.040%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	+0.093%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2471	0.000%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2468	−0.102%	$34K	$283K	10x	as long as short
Pacifica WIFshort	+0.0100%	1h	0.2465	−0.238%	$76K	$56K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2472	+0.040%	$18.8M	$114.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2470	−0.040%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2472	+0.040%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2473	+0.081%	$22.3M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2472	+0.040%	$4.4M	$13.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2472	+0.040%	$7.5M	$12.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2471	0.000%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2463	−0.323%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2461	−0.415%	$283K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2465	−0.243%	$42K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	+0.081%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2468	−0.121%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2472	+0.061%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2468	−0.121%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2471	+0.013%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2472	+0.038%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2473	+0.098%	$648K	$2.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0155%	1h	0.2472	+0.040%	$46K	$258K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0156% / S −0.0027%	1h	0.2474	+0.123%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0290%	1h	0.2475	+0.174%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2473	+0.081%	$330K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2471	−0.007%	$0	—	15x	as long as short