Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against KuCoin+1.197%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs+$19as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.943%−$94 · spread now +1.197%, 7d avg +0.016%

Together, before fees−0.807%−$81 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: ApeX Omni is 1.181% dearer against KuCoin than usual: you sell high and buy low, +$118 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2423	0.0100	pay 0.0050% / 4h	2h 45m	$4.1M	$15.7M	75x
Short	ApeX Omni WIFUSDT	0.2452	0.0100	get 0.0013% / 1h	45m 24s	$45K	$629K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +1.197%Rate

Funding earned: $0
Price spread: +1.197% → +0.016%: $118.07
Slippage, 4 orders: −$76.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $19.27
Costs to cover: 0.988%
Break-even: from the start

Slippage from KuCoin: live order book, 8 min ago; ApeX Omni: 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 KuCoin live order book, 8 min ago	4.02 bp	30.2 bp −$30	71.5 bp −$715	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	10.20 bp	19.1 bp −$19	117.6 bp −$1,176	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	−0.0183%	4h	0.2452	+1.197%	$1.0M	$894K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2445	+0.890%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2441	+0.743%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2402	−0.849%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2448	+1.019%	$142K	$661K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2438	+0.619%	$51K	$568K	20x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0098% / S +0.0029%	1h	0.2443	+0.816%	$9K	—	100x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2407	−0.650%	$39K	$326K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2444	+0.849%	$76K	$68K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2409	−0.569%	$18.8M	$134.9M	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	0.2401	−0.908%	$16.4M	$44.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2396	−1.114%	$5.7M	$38.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2423	0.000%	$1.1M	$8.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2407	−0.660%	$22.0M	$11.9M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2423	long leg	$4.1M	$15.7M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2426	+0.124%	$7.4M	$15.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2402	−0.867%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2442	+0.780%	$73K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	+0.746%	$75K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	+0.908%	$271K	$2.6M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2452	+1.197%	$45K	$629K	25x
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2398	−1.032%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2437	+0.578%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2442	+0.784%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2442	+0.784%	$172K	$770K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2439	+0.655%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2441	+0.745%	$81K	$85	3x	as long as short
Hyperliquid WIF	+0.0119%	1h	0.2439	+0.664%	$8.7M	$5.9M	5x	as long as short
Kraken Futures PF_WIFUSD	+0.0245%	1h	0.2444	+0.848%	$633K	$2.4M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2446	+0.949%	$330K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2428	+0.200%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+5.448%	$11K	$10K	12x	as long as short