Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h −0.029%

Price spread now: Injective against KuCoin+0.284%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.284% dearer against KuCoin than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2463	−0.0074	get 0.0037% / 4h	3h 02m	$5.0M	$12.5M	75x
Short	Injective WIF/USDC PERP	0.2470	0.0033	get 0.0004% / 1h	2m 55s	$11K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.284%Rate

Funding earned: $22.54
Price spread: +0.284% → 0.000%: $28.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $38.94
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 min ago; Injective: 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, 6 min ago	4.05 bp	26.6 bp −$27	75.2 bp −$752	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Gate WIF_USDT	−0.0208%	4h	0.2462	−0.041%	$1.2M	$7.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0132%	1h	0.2459	−0.183%	$76K	$257K	10x	as long as short
KuCoin WIFUSDTMlong	−0.0074%	4h	0.2463	long leg	$5.0M	$12.5M	75x
dYdX WIF-USD	0.0000%	1h	0.2460	−0.122%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2462	−0.041%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2461	−0.081%	$795	—	150x	as long as short
Injective WIF/USDC PERPshort	+0.0033%	1h	0.2470	+0.284%	$11K	$10K	12x
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2462	−0.022%	$642K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	−0.065%	$146K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2461	−0.081%	$56K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2463	0.000%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2462	−0.034%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2460	−0.115%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2465	+0.081%	$18.8M	$109.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2463	0.000%	$16.9M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2463	0.000%	$5.9M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2465	+0.081%	$22.3M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2462	−0.041%	$7.5M	$12.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2465	+0.081%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	+0.489%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+0.235%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2469	+0.244%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2458	−0.203%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2462	−0.061%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2457	−0.244%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2461	−0.063%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	−0.026%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0180%	1h	0.2466	+0.122%	$7.9M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0184% / S −0.0046%	1h	0.2461	−0.084%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2462	−0.041%	$322K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2461	−0.081%	$1.0M	$696K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2460	−0.128%	$0	—	15x	as long as short