Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.045%

Price spread now: Variational Omni against Orderly−0.066%7-day average −0.059% · you buy dearer than you sell

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.066%, 7d avg −0.059%

Together, before fees−0.116%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2568	0.0100	pay 0.0050% / 4h	7m 59s	$5K	$753K	10x
Short	Variational Omni WIF	0.2566	0.0100	get 0.0050% / 4h	7m 59s	$76K	$513K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.059%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.79
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 34 min ago. 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 Variational Omni RFQ quote, 34 min ago	7.86 bp	doesn't fit	31.4 bp −$314	doesn't fit	doesn'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 exchanges

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	−0.0155%	4h	0.2572	+0.156%	$1.1M	$1.1M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0139%	1h	0.2568	0.000%	$34K	$218K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0125% / S +0.0186%	1h	0.2570	+0.072%	$9K	—	100x	as long as short
Backpack WIF_USDC_PERP	−0.0052%	1h	0.2568	−0.004%	$86K	$404K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2573	+0.195%	$20K	$8K	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2569	+0.051%	$4K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2577	+0.350%	$8K	$33K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2570	+0.090%	$123K	$965K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2570	+0.078%	$55K	$581K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2570	+0.074%	$10.5M	$10.2M	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2569	+0.030%	$33K	$414K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2573	+0.176%	$79K	$101K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2569	+0.039%	$21.1M	$182.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2569	+0.019%	$17.7M	$61.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2569	+0.039%	$6.4M	$53.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2568	0.000%	$1.2M	$13.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2569	+0.039%	$22.8M	$16.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2569	+0.039%	$3.8M	$19.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2571	+0.117%	$7.8M	$20.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2566	−0.078%	—	$2.3M	—	as long as short
Variational Omni WIFshort	+0.0100%	4h	0.2566	−0.066%	$76K	$513K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2569	+0.025%	$286K	$3.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2573	+0.195%	$37K	$648K	25x	as long as short
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2568	long leg	$5K	$753K	10x
SunX WIF-USDT	+0.0100%	4h	0.2565	−0.117%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2569	+0.019%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2569	+0.039%	$153K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2568	−0.018%	$14K	$269K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2569	+0.039%	$86K	—	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0355%	1h	0.2570	+0.097%	$658K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2568	+0.002%	$1	—	15x	as long as short
Coinbase International WIF-PERP-INTX	+0.0600%	1h	0.2574	+0.234%	$363K	$4.2M	50x	as long as short