Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.048%

Price spread now: Injective against HTX−0.684%65s7-day average — · you buy dearer than you sell

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.684% cheaper against HTX than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2487	0.0100	pay 0.0050% / 4h	21m 56s	$166K	$699K	75x
Short	Injective WIF/USDC PERP	0.2470	0.0033	get 0.0004% / 1h	21m 56s	$11K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.684%Rate

Funding earned: −$14
Price spread: −0.684% → 0.000%: −$68.36
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$94.38
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 37 min ago; Injective: 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 HTX live order book, 37 min ago	8.07 bp	69.5 bp −$69	433.0 bp −$4,330	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0186%	4h	0.2491	+0.161%	$993K	$832K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0158%	1h	0.2485	−0.072%	$76K	$291K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2494	+0.281%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2490	+0.121%	$45K	$256K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2491	+0.176%	$805	—	150x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2470	−0.684%	$11K	$10K	12x
Lighter WIF	+0.0096%	1h	0.2490	+0.125%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2494	+0.281%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2487	+0.011%	$33K	$284K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2493	+0.252%	$78K	$60K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2491	+0.156%	$18.8M	$118.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2489	+0.084%	$16.9M	$39.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2490	+0.121%	$6.0M	$36.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2489	+0.080%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	+0.080%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2487	0.000%	$4.5M	$14.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	0.000%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2490	+0.121%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2501	+0.564%	$76K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2501	+0.563%	$284K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2506	+0.764%	$46K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2490	+0.121%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	+0.121%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2490	+0.101%	$580	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2487	long leg	$166K	$699K	75x
Extended WIF-USD	+0.0104%	1h	0.2489	+0.064%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2488	+0.060%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0133% / S −0.0012%	1h	0.2490	+0.139%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2491	+0.154%	$647K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0288%	1h	0.2491	+0.157%	$8.1M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2491	+0.161%	$327K	$2.7M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	+0.144%	$0	—	15x	as long as short