Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0012%/8hpaid last 24h −0.017%

Price spread now: gTrade (Gains Network) against KuCoin+0.165%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.165% dearer against KuCoin than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2358	0.0014	pay 0.0007% / 4h	22m 37s	$4.2M	$10.7M	75x
Short	gTrade (Gains Network) WIF/USD	0.2362	L +0.0002% / S −0.0002%	get 0.0000% / 1h	22m 37s	$14K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.165%Rate

Funding earned: −$2.62
Price spread: +0.165% → 0.000%: $16.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$8.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; gTrade (Gains Network): 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, 10 min ago	2.12 bp	23.8 bp −$24	64.8 bp −$648	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective WIF/USDC PERP	−0.0650%	1h	0.2445	+3.690%	$11K	$30K	12x	as long as short
Backpack WIF_USDC_PERP	−0.0562%	1h	0.2359	+0.051%	$70K	$234K	10x	as long as short
Variational Omni WIF	−0.0178%	4h	0.2354	−0.149%	$67K	$50K	—	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2361	+0.127%	$45K	$290K	25x	as long as short
Gate WIF_USDT	−0.0008%	4h	0.2360	+0.085%	$1.2M	$6.8M	50x	as long as short
Bybit WIFUSDT	−0.0002%	4h	0.2356	−0.098%	$16.5M	$33.8M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2361	+0.127%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0002%	1h	0.2362	+0.165%	$14K	—	150x
KuCoin WIFUSDTMlong	+0.0014%	4h	0.2358	long leg	$4.2M	$10.7M	75x
Aster WIFUSDT	+0.0023%	4h	0.2360	+0.102%	$25K	$241K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX WIF/USD [WBTC.b-USDC]	L +0.0043% / S +0.0009%	1h	0.2361	+0.146%	$4K	—	100x	as long as short
ApeX Omni WIFUSDT	+0.0085%	1h	0.2366	+0.339%	$40K	$611K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2361	+0.127%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2361	+0.127%	$139K	$518K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2357	−0.042%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2364	+0.254%	$7.0M	$3.5M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2359	+0.060%	$74K	$45K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2356	−0.085%	$17.7M	$96.3M	75x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2358	0.000%	$6.2M	$29.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2359	+0.042%	$21.3M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2357	−0.042%	$7.2M	$11.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2363	+0.212%	—	$2.3M	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2371	+0.546%	$265K	$1.5M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2357	−0.042%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2359	+0.064%	$529	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2358	0.000%	$164K	$704K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2358	+0.016%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2360	+0.085%	$79K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0296%	1h	0.2367	+0.382%	$323K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2359	+0.042%	$1.0M	$687K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0355%	1h	0.2363	+0.199%	$638K	$2.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2358	−0.019%	$0	—	15x	as long as short