Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against OKX+0.450%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.496%−$50 · spread now +0.450%, 7d avg −0.007%

Together, before fees−0.597%−$60 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: Gate is 0.458% dearer against OKX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2442	0.0100	pay 0.0050% / 4h	3h 55m	$6.0M	$32.6M	50x
Short	Gate WIF_USDT	0.2453	0.0100	get 0.0050% / 4h	3h 55m	$1.2M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.450%Rate

Funding earned: $0
Price spread: +0.450% → −0.007%: $45.79
Slippage, 4 orders: −$45.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.52
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 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 OKX live order book, 3 min ago	2.05 bp	11.9 bp −$12	32.4 bp −$324	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.09 bp	24.2 bp −$24	139.8 bp −$1,398	276.0 bp −$27.6K	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
Backpack WIF_USDC_PERP	−0.0562%	1h	0.2451	+0.381%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2452	+0.410%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	+0.231%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2452	+0.392%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0020%	4h	0.2444	+0.082%	$4.3M	$11.8M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.925%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2454	+0.481%	$637K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2451	+0.369%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	+0.389%	$136K	$565K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2450	+0.328%	$54K	$484K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2456	+0.569%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2454	+0.478%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2448	+0.265%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2447	+0.203%	$18.4M	$104.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2445	+0.135%	$16.9M	$36.2M	50x	as long as short
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2442	long leg	$6.0M	$32.6M	50x
Gate WIF_USDTshort	+0.0100%	4h	0.2453	+0.450%	$1.2M	$7.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2447	+0.205%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2445	+0.123%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2449	+0.287%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2451	+0.375%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2453	+0.450%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2455	+0.532%	$43K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2448	+0.246%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	+0.389%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2449	+0.287%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2453	+0.452%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	+0.393%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2452	+0.402%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2452	+0.410%	$327K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2451	+0.369%	$986K	$739K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	+0.273%	$0	—	15x	as long as short