Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against MEXC+0.014%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WIF_USDT	0.2478	0.0100	pay 0.0050% / 4h	58m 06s	$22.2M	$12.3M	50x
Short	gTrade (Gains Network) WIF/USD	0.2478	L +0.0002% / S −0.0001%	get 0.0000% / 1h	58m 06s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.014%Rate

Funding earned: −$20.8
Price spread: +0.014% → 0.000%: $1.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	4.04 bp	9.9 bp −$10	24.4 bp −$244	97.7 bp −$9,767	139.5 bp −$69.8K
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	−0.0161%	1h	0.2462	−0.646%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2475	−0.121%	$988K	$936K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2475	−0.140%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2478	+0.014%	—	—	150x
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2478	+0.013%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2478	+0.020%	$142K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2476	−0.081%	$52K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2482	+0.141%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2477	−0.025%	$30K	$351K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2476	−0.078%	$78K	$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	0.2478	−0.001%	$18.8M	$145.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2477	−0.032%	$16.7M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2480	+0.081%	$5.5M	$42.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2478	0.000%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2478	long leg	$22.2M	$12.3M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2477	−0.040%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2481	+0.121%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.282%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2480	+0.061%	$74K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.118%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2476	−0.101%	$273K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	−0.081%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	+0.040%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2472	−0.242%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	+0.020%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2474	−0.161%	$154K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2478	−0.018%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2478	0.000%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2479	+0.040%	$33K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2479	+0.040%	$328K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2475	−0.118%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0818%	1h	0.2479	+0.020%	$642K	$2.7M	50x	as long as short