Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Gate against OKX+0.039%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.039%, 7d avg −0.006%

Together, before fees−0.162%−$16 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 0.045% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WIF-USDT-SWAP	0.2557	0.0100	pay 0.0050% / 4h	3h 27m	$6.2M	$39.0M	50x
Short	Gate WIF_USDT	0.2558	0.0100	get 0.0050% / 4h	3h 27m	$1.2M	$8.3M	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 +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.006%: $4.52
Slippage, 4 orders: −$53.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.92
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	1.95 bp	15.9 bp −$16	37.9 bp −$379	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.90 bp	23.7 bp −$24	71.8 bp −$718	109.9 bp −$11.0K	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
BloFin WIF-USDT	−0.0194%	4h	0.2558	+0.039%	$1.1M	$908K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2559	+0.097%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2559	+0.089%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.078%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2562	+0.188%	$147K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2558	+0.039%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2559	+0.084%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2561	+0.147%	$79K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2558	+0.055%	$20.4M	$127.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2556	−0.039%	$17.6M	$42.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAPlong	+0.0100%	4h	0.2557	long leg	$6.2M	$39.0M	50x
Gate WIF_USDTshort	+0.0100%	4h	0.2558	+0.039%	$1.2M	$8.3M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2560	+0.117%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2559	+0.078%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2558	+0.039%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2559	+0.078%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2557	+0.004%	$78K	$304K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	+0.628%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2568	+0.430%	$294K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2578	+0.821%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2559	+0.078%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2556	−0.039%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2560	+0.137%	$600	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2553	−0.156%	$168K	$735K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2560	+0.108%	$12K	$145K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2559	+0.078%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0115% / S +0.0004%	1h	0.2559	+0.093%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0141%	1h	0.2560	+0.117%	$40K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2562	+0.196%	$348K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0359%	1h	0.2562	+0.185%	$666K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0554%	1h	0.2564	+0.262%	$8.5M	$5.2M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2559	+0.079%	$1	—	15x	as long as short