Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.036%

Price spread now: Coinbase International against HTX+0.634%7-day average −0.402% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$1451.455% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.895%−$90 · spread now +0.634%, 7d avg −0.402%

Together, before fees−0.792%−$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 1.036% dearer against HTX than usual: you sell high and buy low: +$104 more if the spread goes back to its 7-day average of −0.402%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2365	0.0100	pay 0.0050% / 4h	2h 07m	$164K	$719K	75x
Short	Coinbase International WIF-PERP-INTX	0.2380	0.0272	get 0.0034% / 1h	7m 08s	$312K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.634%Rate

Funding earned: $36.12
Price spread: +0.634% → −0.402%: $103.59
Slippage, 4 orders: −$123.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.78
Costs to cover: 1.455%
Break-even: 8.1 days

Slippage from HTX: live order book, 16 min ago; Coinbase International: live order book, 2 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 HTX live order book, 16 min ago	10.50 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.33 bp	15.5 bp −$15	25.2 bp −$252	doesn't fit	doesn't fit

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	−0.0641%	1h	0.2364	−0.047%	$73K	$235K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0595%	1h	0.2366	+0.042%	$46K	$289K	25x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.268%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0184%	4h	0.2364	−0.042%	$4.1M	$11.2M	75x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2369	+0.155%	$627K	$2.1M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2368	+0.117%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2368	+0.114%	$14K	—	150x	as long as short
Variational Omni WIF	+0.0003%	4h	0.2365	+0.019%	$67K	$65K	—	as long as short
Aster WIFUSDT	+0.0054%	4h	0.2367	+0.074%	$23K	$254K	10x	as long as short
GRVT WIF_USDT_Perp	+0.0068%	4h	0.2368	+0.117%	$272K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0072%	4h	0.2366	+0.042%	$1.2M	$6.9M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2367	+0.085%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2366	+0.059%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2366	+0.042%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2369	+0.156%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2367	+0.093%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2365	0.000%	$17.5M	$99.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2364	−0.025%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2367	+0.085%	$6.0M	$30.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2366	+0.042%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2366	+0.042%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2367	+0.085%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2369	+0.169%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2361	−0.169%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2366	+0.034%	$540	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2365	long leg	$164K	$719K	75x
Extended WIF-USD	+0.0104%	1h	0.2365	+0.008%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2366	+0.033%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0164% / S −0.0851%	1h	0.2367	+0.091%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0272%	1h	0.2380	+0.634%	$312K	$2.3M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2363	−0.085%	$969K	$683K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	+0.015%	$0	—	15x	as long as short