Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h +0.019%

Price spread now: HTX against Kraken Futures−0.222%7-day average +0.454% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.222%, 7d avg +0.454%

Together, before fees+0.872%+$87 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and HTX is 0.675% cheaper against Kraken Futures than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of +0.454%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.370%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2541	0.0362	pay 0.0045% / 1h	13m 38s	$664K	$2.4M	50x
Short	HTX WIF-USDT	0.2535	0.0100	get 0.0050% / 4h	3h 13m	$167K	$737K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$54.99
Price spread: −0.222% → +0.454%: −$67.52
Slippage, 4 orders: −$154.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$298.91
Costs to cover: 1.764%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; HTX: live order book, 40 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, 5 min ago	9.84 bp	24.3 bp −$24	58.3 bp −$583	doesn't fit	doesn't fit
Sell HTX live order book, 40 min ago	1.96 bp	80.7 bp −$81	doesn't fit	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
BloFin WIF-USDT	−0.0195%	4h	0.2545	+0.172%	$1.1M	$907K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2530	−0.399%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2537	−0.143%	$35K	$267K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2536	−0.170%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.566%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2533	−0.292%	$145K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2539	−0.064%	$52K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2535	−0.217%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2532	−0.333%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2533	−0.313%	$20.1M	$129.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2531	−0.383%	$17.4M	$43.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2532	−0.340%	$6.1M	$39.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2533	−0.300%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2532	−0.340%	$23.5M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2532	−0.340%	$4.3M	$15.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2532	−0.340%	$7.7M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2535	−0.222%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2538	−0.111%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2550	+0.371%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2548	+0.290%	$283K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2550	+0.369%	$47K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2537	−0.143%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2535	−0.222%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2537	−0.123%	$589	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2535	−0.222%	$167K	$737K	75x
Extended WIF-USD	+0.0104%	1h	0.2532	−0.348%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2537	−0.156%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0110% / S +0.0022%	1h	0.2536	−0.167%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2542	+0.054%	$337K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0362%	1h	0.2541	long leg	$664K	$2.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2538	−0.100%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0692%	1h	0.2537	−0.127%	$8.6M	$5.3M	5x	as long as short