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

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +3.857%
Price spread now: OKX against GMX−0.013%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WIF/USD [WBTC.b-USDC]0.2469L +0.0138% / S −0.0016%pay 0.0017% / 1h40m 14s$8K100x
ShortOKX WIF-USDT-SWAP0.24690.0100get 0.0050% / 4h40m 14s$5.9M$35.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$8.08
Price spread: −0.013% → 0.000%
−$1.34
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$31.42
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 3 min ago2.05 bp16.3 bp −$1643.5 bp −$435doesn't fitdoesn'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−0.0291%1h0.2458−0.443%$80K$280K10xas long as short
BloFin WIF-USDT−0.0184%4h0.2458−0.459%$1.0M$817K75xas long as short
dYdX WIF-USD0.0000%1h0.2465−0.175%$18K$59710xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S +0.0001%1h0.2467−0.079%$798150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2470+0.027%$11K$10K12xas long as short
Lighter WIF+0.0096%1h0.2468−0.058%$138K$629K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2469−0.013%$56K$497K20xas long as short
Aster WIFUSDT+0.0100%4h0.2466−0.150%$32K$284K10xas long as short
Pacifica WIF+0.0100%1h0.2465−0.156%$76K$57K5xas long as short
Binance WIFUSDT+0.0100%4h0.2468−0.045%$18.6M$117.6M75xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WIFUSDT+0.0100%4h0.2468−0.054%$16.9M$39.4M50xas long as short
OKX WIF-USDT-SWAPshort+0.0100%4h0.2469−0.013%$5.9M$35.5M50x
Gate WIF_USDT+0.0100%4h0.2470+0.027%$1.2M$7.7M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2470+0.027%$22.6M$11.2M50xas long as short
KuCoin WIFUSDTM+0.0100%4h0.2469−0.013%$5.0M$14.2M75xas long as short
Bitget WIFUSDT+0.0100%4h0.2469−0.013%$7.6M$13.2M50xas long as short
BingX WIF-USDC+0.0100%4h0.2467−0.094%$2.3Mas long as short
Variational Omni WIF+0.0100%4h0.2455−0.578%$75K$69Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2451−0.742%$277K$2.2M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2477+0.311%$45K$624K25xas long as short
Orderly PERP_WIF_USDC+0.0100%4h0.2469−0.013%$5K$1.3M10xas long as short
SunX WIF-USDT+0.0100%4h0.2462−0.297%$1K$2.9M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2467−0.094%$571$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2467−0.094%$165K$695K75xas long as short
Extended WIF-USD+0.0104%1h0.2468−0.049%$8K$149K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2468−0.054%$82K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]longL +0.0138% / S −0.0016%1h0.2469long leg$8K100x
Deribit WIF_USDC-PERPETUAL+0.0155%1h0.2469−0.013%$44K$260K25xas long as short
Kraken Futures PF_WIFUSD+0.0263%1h0.2468−0.065%$645K$2.3M50xas long as short
Coinbase International WIF-PERP-INTX+0.0328%1h0.2472+0.108%$331K$2.7M50xas long as short
Hyperliquid WIF+0.0365%1h0.2473+0.153%$8.0M$4.9M5xas long as short
Reya WIFRUSDPERP+0.0558%1h0.2470+0.030%$015xas long as short