Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against HTX0.000%7-day average −0.510% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.454%−$45 · spread now 0.000%, 7d avg −0.510%

Together, before fees−0.681%−$68 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.510% dearer against HTX than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of −0.510%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2476	0.0100	pay 0.0050% / 4h	1h 01m	$154K	$947K	75x
Short	MEXC WIF_USDT	0.2476	0.0100	get 0.0050% / 4h	1h 01m	$22.2M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.510%: $50.99
Slippage, 4 orders: −$63.29
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$28.3
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from HTX: live order book, 42 min ago; MEXC: 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, 42 min ago	10.17 bp	31.6 bp −$32	2493.6 bp −$24.9K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.01 bp	8.3 bp −$8	17.6 bp −$176	90.0 bp −$9,000	139.8 bp −$69.9K

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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.565%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2483	+0.283%	$976K	$939K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2477	+0.020%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2478	+0.081%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0004%	1h	0.2477	+0.053%	$77K	$299K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0013% / S +0.0237%	1h	0.2478	+0.084%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.081%	$142K	$703K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	0.000%	$52K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2476	+0.008%	$8.5M	$6.6M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2476	+0.013%	$30K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2477	+0.048%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2476	+0.002%	$18.9M	$145.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2475	−0.040%	$16.6M	$47.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2476	0.000%	$5.5M	$42.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2475	−0.040%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2476	0.000%	$22.2M	$12.4M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2478	+0.081%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2477	+0.040%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2475	−0.040%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2502	+1.053%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+0.244%	$285K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2500	+0.969%	$46K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	+0.121%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2474	−0.081%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2480	+0.162%	$566	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2476	long leg	$154K	$947K	75x
Extended WIF-USD	+0.0104%	1h	0.2475	−0.048%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2479	+0.113%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2480	+0.162%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2482	+0.253%	$643K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2478	+0.081%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.016%	$0	—	15x	as long as short