Settings8H · net · $10k
Funding arb · Price arb /

WIF

all WIF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.057%
Price spread now: BloFin against Orderly−0.080%52s7-day average +0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.485%+$48 on $10k
Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.080%, 7d avg +0.017%
Together, before fees+0.527%+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.097% cheaper against Orderly than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.017%). If the spread goes back, that is −$10 on $10k: about 32 hours of funding at the current rate (+$7 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_WIF_USDC0.24970.0096pay 0.0048% / 4h3h 25m$5K$1.3M10x
ShortBloFin WIF-USDT0.24950.0340get 0.0170% / 4h3h 25m$1.0M$747K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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

Funding earned
$51.22
Price spread: −0.080% → +0.017%
−$9.74
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee BloFin: 6 bp × 2 orders
−$12
Net
$23.48
Costs to cover
0.180%
Break-even
3.8 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell BloFin live order book, 1 min ago6.02 bp12.6 bp −$1328.5 bp −$28570.3 bp −$7,025doesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0293%1h0.2496−0.024%$76K$254K10xas long as short
Gate WIF_USDT−0.0134%4h0.2498+0.040%$1.3M$7.2M50xas long as short
KuCoin WIFUSDTM−0.0036%4h0.2498+0.040%$4.4M$12.1M75xas long as short
dYdX WIF-USD0.0000%1h0.2499+0.060%$19K$58910xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2498+0.040%$49K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0001%1h0.2498+0.060%$12K150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2470−1.081%$11K$10K12xas long as short
Kraken Futures PF_WIFUSD+0.0039%1h0.2499+0.068%$655K$2.2M50xas long as short
Lighter WIF+0.0096%1h0.2499+0.092%$143K$588K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2502+0.200%$57K$484K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_WIF_USDClong+0.0096%4h0.2497long leg$5K$1.3M10x
Aster WIFUSDT+0.0100%4h0.2500+0.101%$35K$274K10xas long as short
Pacifica WIF+0.0100%1h0.2501+0.149%$77K$52K5xas long as short
Binance WIFUSDT+0.0100%4h0.2502+0.195%$19.2M$107.2M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2499+0.080%$17.3M$36.9M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2501+0.160%$6.0M$33.9M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2504+0.280%$22.7M$11.0M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2504+0.280%$7.7M$12.1M50xas long as short
BingX WIF-USDC+0.0100%4h0.2494−0.120%$2.3Mas long as short
Variational Omni WIF+0.0100%4h0.2497+0.004%$74K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2490−0.281%$281K$1.9M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2492−0.200%$43K$631K25xas long as short
SunX WIF-USDT+0.0100%4h0.2493−0.160%$2K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2497−0.020%$568$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.24970.000%$171K$745K75xas long as short
Extended WIF-USD+0.0104%1h0.2498+0.038%$10K$155K25xas long as short
Aevo WIF-PERP+0.0104%1h0.24970.000%$83K$853xas long as short
Hyperliquid WIF+0.0191%1h0.2509+0.461%$8.0M$4.3M5xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0191% / S −0.0138%1h0.2499+0.065%$7K100xas long as short
Coinbase International WIF-PERP-INTX+0.0288%1h0.2501+0.160%$335K$2.5M50xas long as short
BloFin WIF-USDTshort+0.0340%4h0.2495−0.080%$1.0M$747K75x
Reya WIFRUSDPERP+0.0558%1h0.2502+0.205%$115xas long as short