Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.018%

Price spread now: Pacifica against Orderly+0.028%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.028% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2402	0.0092	pay 0.0046% / 4h	1h 25m	$5K	$1.3M	10x
Short	Pacifica WIF	0.2403	0.0100	get 0.0013% / 1h	25m 31s	$76K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee OrderlybpFee PacificabpOrdersPrice spread, now +0.028%Rate

Funding earned: $1.75
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.42
Costs to cover: 0.140%
Break-even: 44.6 days

Slippage unknown: Orderly: no order-book sample; Pacifica: 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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Orderly and Pacifica: 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
Backpack WIF_USDC_PERP	−0.0295%	1h	0.2400	−0.096%	$73K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0062%	4h	0.2401	−0.042%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2404	+0.069%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2403	+0.042%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2403	+0.025%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.291%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDClong	+0.0092%	4h	0.2402	long leg	$5K	$1.3M	10x
Lighter WIF	+0.0096%	1h	0.2403	+0.046%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2406	+0.167%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2409	+0.302%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2403	+0.030%	$25K	$255K	10x	as long as short
Pacifica WIFshort	+0.0100%	1h	0.2403	+0.028%	$76K	$50K	5x
Binance WIFUSDT	+0.0100%	4h	0.2406	+0.158%	$17.9M	$100.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2406	+0.167%	$16.7M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2406	+0.167%	$6.0M	$31.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2403	+0.042%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2403	+0.042%	$21.5M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2407	+0.208%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2399	−0.125%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2396	−0.262%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2400	−0.083%	$266K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2397	−0.208%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2398	−0.167%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2401	−0.042%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2395	−0.291%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2403	+0.044%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2402	0.000%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0214% / S −0.1199%	1h	0.2402	+0.013%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2405	+0.125%	$317K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2404	+0.083%	$984K	$706K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0377%	1h	0.2403	+0.022%	$629K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2406	+0.154%	$0	—	15x	as long as short