Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +3.941%
Price spread now: Gate against GMX−0.052%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.052% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2360L +0.0165% / S −0.0859%pay 0.0021% / 1h5m 46s$4K100x
ShortGate WIF_USDT0.23590.0058get 0.0029% / 4h2h 05m$1.2M$6.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against GMX. 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

Funding earned
−$22.51
Price spread: −0.052% → 0.000%
−$5.21
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$54.72
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Gate live order book, 3 min ago4.22 bp26.1 bp −$26137.5 bp −$1,375269.2 bp −$26.9Kdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0643%1h0.2358−0.082%$73K$235K10xas long as short
Injective WIF/USDC PERP−0.0321%1h0.2395+1.473%$10K$10K12xas long as short
KuCoin WIFUSDTM−0.0180%4h0.2358−0.094%$4.1M$11.2M75xas long as short
Deribit WIF_USDC-PERPETUAL−0.0174%1h0.2360−0.010%$46K$289K25xas long as short
Kraken Futures PF_WIFUSD−0.0077%1h0.2362+0.073%$625K$2.1M50xas long as short
dYdX WIF-USD0.0000%1h0.2360−0.015%$18K$58210xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0002%1h0.2360−0.010%$14K150xas long as short
Variational Omni WIF+0.0003%4h0.2365+0.221%$67K$65Kas long as short
Aster WIFUSDT+0.0053%4h0.2360−0.011%$23K$255K10xas long as short
Gate WIF_USDTshort+0.0058%4h0.2359−0.052%$1.2M$6.9M50x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT WIF_USDT_Perp+0.0068%4h0.2368+0.319%$272K$1.8M10xas long as short
Orderly PERP_WIF_USDC+0.0091%4h0.2359−0.052%$4K$1.3M10xas long as short
Lighter WIF+0.0096%1h0.2359−0.044%$131K$541K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2360−0.010%$52K$482K20xas long as short
Hyperliquid WIF+0.0100%1h0.2361+0.024%$7.3M$4.0M5xas long as short
Pacifica WIF+0.0100%1h0.2360−0.006%$74K$48K5xas long as short
Binance WIFUSDT+0.0100%4h0.2360−0.003%$17.5M$99.4M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2359−0.052%$16.5M$34.7M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2361+0.033%$6.0M$30.1M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2359−0.052%$21.1M$10.8M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2359−0.052%$7.2M$11.6M50xas long as short
BingX WIF-USDT+0.0100%4h0.2360−0.010%$65.1Mas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2369+0.372%$42K$617K25xas long as short
SunX WIF-USDT+0.0100%4h0.2355−0.222%$1K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2359−0.031%$539$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2357−0.137%$163K$719K75xas long as short
Extended WIF-USD+0.0104%1h0.2358−0.075%$10K$153K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2359−0.057%$79K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0165% / S −0.0859%1h0.2360long leg$4K100x
Coinbase International WIF-PERP-INTX+0.0272%1h0.2359−0.052%$310K$2.3M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2363+0.117%$969K$683K75xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2359−0.036%$015xas long as short