Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h −0.085%

Price spread now: Deribit against KuCoin+0.079%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.567%−$57 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.079%, 7d avg +0.005%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.567%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2534	0.0100	pay 0.0050% / 4h	3h 18m	$4.3M	$15.3M	75x
Short	Deribit WIF_USDC-PERPETUAL	0.2536	0.0144	get 0.0018% / 1h	18m 38s	$39K	$263K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.079%Rate

Funding earned: $9.34
Price spread: +0.079% → +0.005%: $7.36
Slippage, 4 orders: −$50.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.01
Costs to cover: 0.697%
Break-even: 46.7 days

Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 35 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, 5 min ago	5.92 bp	26.4 bp −$26	75.5 bp −$755	doesn't fit	doesn't fit
Sell Deribit live order book, 35 min ago	3.91 bp	7.4 bp −$7	21.5 bp −$215	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	−0.0192%	4h	0.2537	+0.118%	$1.1M	$905K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2533	−0.020%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2534	+0.016%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.829%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2537	+0.114%	$145K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2536	+0.079%	$52K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2536	+0.097%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2535	+0.044%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2535	+0.047%	$20.1M	$129.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2536	+0.075%	$17.4M	$43.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2534	0.000%	$6.1M	$39.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2535	+0.039%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2536	+0.079%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2534	long leg	$4.3M	$15.3M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2535	+0.039%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2533	−0.039%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2536	+0.087%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	+0.042%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.039%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2541	+0.276%	$47K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2535	+0.039%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2530	−0.158%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2536	+0.087%	$592	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2531	−0.118%	$167K	$736K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2533	−0.028%	$12K	$118K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2535	+0.022%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0112% / S +0.0021%	1h	0.2534	0.000%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUALshort	+0.0144%	1h	0.2536	+0.079%	$39K	$263K	25x
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2537	+0.118%	$336K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2538	+0.141%	$663K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2534	+0.003%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0623%	1h	0.2540	+0.257%	$8.5M	$5.2M	5x	as long as short