Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.024%

Price spread now: BingX against Kraken Futures+0.066%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.066%, 7d avg −0.033%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.099% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2471	0.0039	pay 0.0005% / 1h	4m 35s	$644K	$2.3M	50x
Short	BingX WIF-USDT	0.2473	0.0100	get 0.0050% / 4h	3h 04m	—	$65.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $12.78
Price spread: +0.066% → −0.033%: $9.9
Slippage, 4 orders: −$40.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.08
Costs to cover: 0.608%
Break-even: 27.9 days

Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 4 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 Kraken Futures live order book, 4 min ago	10.11 bp	18.9 bp −$19	92.4 bp −$924	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.02 bp	9.7 bp −$10	14.4 bp −$144	36.8 bp −$3,681	356.3 bp −$178.2K

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
Gate WIF_USDT	−0.0152%	4h	0.2474	+0.106%	$1.3M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0133%	1h	0.2467	−0.189%	$73K	$256K	10x	as long as short
KuCoin WIFUSDTM	−0.0070%	4h	0.2470	−0.056%	$5.0M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2473	+0.047%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2468	−0.136%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2468	−0.118%	$798	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.056%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0039%	1h	0.2471	long leg	$644K	$2.3M	50x
Lighter WIF	+0.0096%	1h	0.2475	+0.155%	$147K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	+0.309%	$56K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2468	−0.136%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	+0.076%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2475	+0.129%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2477	+0.241%	$18.9M	$109.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2472	+0.025%	$17.0M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2472	+0.025%	$5.9M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2472	+0.025%	$22.4M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2476	+0.187%	$7.5M	$12.3M	50x	as long as short
BingX WIF-USDTshort	+0.0100%	4h	0.2473	+0.066%	—	$65.8M	—
Variational Omni WIF	+0.0100%	4h	0.2475	+0.148%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2471	−0.025%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	+0.187%	$43K	$633K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2463	−0.339%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2470	−0.064%	$560	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2466	−0.217%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2476	+0.184%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2470	−0.054%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0185% / S −0.0047%	1h	0.2467	−0.157%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0189%	1h	0.2476	+0.199%	$8.0M	$4.5M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2471	−0.015%	$324K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2471	−0.015%	$1.0M	$699K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2468	−0.155%	$0	—	15x	as long as short