Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against KuCoin−0.220%47s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.220% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2481	0.0100	pay 0.0050% / 4h	1h 01m	$4.5M	$13.7M	75x
Short	dYdX WIF-USD	0.2476	0	get 0.0000% / 1h	1m 47s	$19K	$597	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.220%Rate

Funding earned: −$21
Price spread: −0.220% → 0.000%: −$22.05
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$65.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; dYdX: 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 KuCoin live order book, 2 min ago	2.02 bp	15.7 bp −$16	60.0 bp −$600	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
BloFin WIF-USDT	−0.0183%	4h	0.2478	−0.121%	$1.0M	$834K	75x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2476	−0.220%	$19K	$597	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2480	−0.040%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2480	−0.025%	$801	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.443%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2483	+0.085%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2480	−0.040%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2482	+0.035%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2479	−0.088%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2484	+0.121%	$19.1M	$115.3M	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	0.2483	+0.081%	$17.1M	$38.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2485	+0.161%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2482	+0.040%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2483	+0.081%	$22.3M	$11.1M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2481	long leg	$4.5M	$13.7M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2485	+0.161%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2483	+0.081%	—	$23.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2480	−0.056%	$85K	$273K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.443%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2477	−0.170%	$281K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2478	−0.121%	$43K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2481	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2475	−0.242%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2481	0.000%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2478	−0.121%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	+0.035%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2480	−0.020%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2482	+0.031%	$649K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0146% / S −0.0020%	1h	0.2481	−0.010%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2481	0.000%	$333K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0324%	1h	0.2487	+0.262%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2478	−0.108%	$0	—	15x	as long as short