Funding arb · Price arb /

WIF

all WIF markets

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 0.000%

Price spread now: OKX against HTX+0.204%7-day average −0.477% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 4 days (all we have)−0.643%−$64 · spread now +0.204%, 7d avg −0.477%

Together, before fees−0.828%−$83 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: OKX is 0.681% dearer against HTX than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of −0.477%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2446	0.0100	pay 0.0050% / 4h	1h 50m	$148K	$882K	75x
Short	OKX WIF-USDT-SWAP	0.2451	0.0100	get 0.0050% / 4h	1h 50m	$5.5M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → −0.477%: $68.15
Slippage, 4 orders: −$133.25
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.1
Costs to cover: 1.552%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; OKX: live order book, 3 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, 58 min ago	4.08 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.06 bp	13.7 bp −$14	28.5 bp −$285	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.327%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2441	−0.204%	$982K	$921K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2450	+0.147%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2445	−0.025%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0026%	1h	0.2447	+0.041%	$73K	$293K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0064% / S +0.0253%	1h	0.2445	−0.032%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2451	+0.213%	$153K	$689K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2454	+0.327%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2450	+0.184%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2448	+0.077%	$31K	$349K	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	0.2449	+0.112%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2449	+0.120%	$18.6M	$142.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2450	+0.143%	$16.5M	$47.1M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2451	+0.204%	$5.5M	$41.2M	50x
Gate WIF_USDT	+0.0100%	4h	0.2449	+0.123%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2449	+0.123%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2447	+0.041%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2450	+0.164%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2445	−0.041%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.037%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2439	−0.271%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2435	−0.450%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	+0.041%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2435	−0.450%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2446	0.000%	$561	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2446	long leg	$148K	$882K	75x
Extended WIF-USD	+0.0104%	1h	0.2451	+0.188%	$10K	$159K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2445	−0.035%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0159%	1h	0.2446	0.000%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0349%	1h	0.2447	+0.041%	$627K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2443	−0.123%	$332K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2443	−0.118%	$0	—	15x	as long as short