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 −0.012%

Price spread now: Orderly against HTX−0.041%7-day average −0.524% · you buy dearer than you sell

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 4 days (all we have)−0.349%−$35 · spread now −0.041%, 7d avg −0.524%

Together, before fees−0.618%−$62 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: Orderly is 0.483% dearer against HTX than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.524%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2436	0.0100	pay 0.0050% / 4h	1h 54m	$148K	$882K	75x
Short	Orderly PERP_WIF_USDC	0.2435	0.0100	get 0.0050% / 4h	1h 54m	$5K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.524%: $48.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $30.26
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: HTX: live order book, 54 min ago; Orderly: 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, 54 min ago	4.08 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.739%	$10K	$10K	12x	as long as short
ApeX Omni WIFUSDT	−0.0412%	1h	0.2454	+0.739%	$45K	$631K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2436	0.000%	$964K	$919K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0037%	1h	0.2434	−0.066%	$72K	$294K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2440	+0.144%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2436	0.000%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2436	−0.020%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0069% / S +0.0252%	1h	0.2435	−0.044%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2437	+0.053%	$141K	$678K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2437	+0.041%	$52K	$570K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2439	+0.131%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2434	−0.066%	$31K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2440	+0.167%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2433	−0.119%	$18.5M	$142.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2432	−0.164%	$16.4M	$47.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2432	−0.164%	$5.4M	$40.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2434	−0.082%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2433	−0.123%	$22.2M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2433	−0.123%	$4.0M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2435	−0.041%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2435	−0.041%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2443	+0.290%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2446	+0.427%	$281K	$2.8M	10x	as long as short
Orderly PERP_WIF_USDCshort	+0.0100%	4h	0.2435	−0.041%	$5K	$1.1M	10x
SunX WIF-USDT	+0.0100%	4h	0.2431	−0.205%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2435	−0.021%	$560	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2436	long leg	$148K	$882K	75x
Extended WIF-USD	+0.0104%	1h	0.2433	−0.128%	$10K	$170K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2435	−0.030%	$81K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0350%	1h	0.2437	+0.028%	$629K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2442	+0.246%	$340K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2436	+0.005%	$0	—	15x	as long as short