Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Extended against MEXC+0.034%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.034%, 7d avg −0.014%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 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: Extended is 0.048% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2481	0.0100	pay 0.0050% / 4h	51m 55s	$22.2M	$12.3M	50x
Short	Extended WIF-USD	0.2482	0.0104	get 0.0013% / 1h	51m 55s	$12K	$181K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0.84
Price spread: +0.034% → −0.014%: $4.75
Slippage, 4 orders: −$40.95
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.36
Costs to cover: 0.499%
Break-even: 376.6 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 49 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 MEXC live order book, 2 min ago	2.03 bp	6.9 bp −$7	24.2 bp −$242	117.3 bp −$11.7K	148.1 bp −$74.0K
Sell Extended live order book, 49 min ago	6.10 bp	17.8 bp −$18	89.4 bp −$894	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.766%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2466	−0.605%	$987K	$942K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.302%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2477	−0.145%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2477	−0.175%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2480	−0.048%	$143K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2475	−0.242%	$54K	$573K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2483	+0.073%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2481	−0.018%	$30K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2471	−0.386%	$77K	$70K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2482	+0.040%	$18.9M	$145.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2482	+0.040%	$16.7M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2482	+0.040%	$5.6M	$42.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2478	−0.121%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2481	long leg	$22.2M	$12.3M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2481	0.000%	$4.4M	$16.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2483	+0.081%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2478	−0.121%	—	$27.1M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2479	−0.064%	$74K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2469	−0.482%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+0.034%	$275K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	−0.242%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2477	−0.161%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2466	−0.605%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	−0.101%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2476	−0.202%	$154K	$948K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2482	+0.034%	$12K	$181K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2479	−0.098%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2479	−0.081%	$33K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2479	−0.081%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.198%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0817%	1h	0.2480	−0.031%	$645K	$2.7M	50x	as long as short