Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: KuCoin against Popdex−0.121%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1801.795% of the position

Long on Popdex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.121%, 7d avg −0.039%

Together, before fees−0.017%−$2 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: KuCoin is 0.082% cheaper against Popdex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2486	0.0096	pay 0.0012% / 1h	0m 32s	$57K	$497K	20x
Short	KuCoin WIFUSDTM	0.2483	0.0100	get 0.0050% / 4h	1h 00m	$4.5M	$13.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Popdex. 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 PopdexbpFee KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0.84
Price spread: −0.121% → −0.039%: −$8.18
Slippage, 4 orders: −$161.13
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$186.87
Costs to cover: 1.795%
Break-even: 1564.3 days

Slippage from Popdex: live order book, 63 min ago; KuCoin: 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 Popdex live order book, 63 min ago	4.04 bp	62.4 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.02 bp	24.6 bp −$25	53.3 bp −$533	doesn't fit	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	−0.0183%	4h	0.2486	0.000%	$1.0M	$837K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2485	−0.021%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2483	−0.121%	$47K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	−0.106%	$803	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.644%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2487	+0.020%	$140K	$629K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2486	long leg	$57K	$497K	20x
Aster WIFUSDT	+0.0100%	4h	0.2485	−0.049%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2486	+0.005%	$77K	$57K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2487	+0.040%	$19.1M	$115.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2484	−0.080%	$17.1M	$38.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2486	0.000%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2487	+0.040%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2487	+0.040%	$22.4M	$11.1M	50x	as long as short
KuCoin WIFUSDTMshort	+0.0100%	4h	0.2483	−0.121%	$4.5M	$13.7M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2488	+0.080%	$7.5M	$12.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2478	−0.322%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2480	−0.245%	$85K	$273K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2480	−0.242%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2479	−0.282%	$274K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	−0.442%	$43K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2484	−0.080%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2479	−0.282%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2483	−0.117%	$572	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	−0.241%	$166K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2488	+0.072%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2483	−0.113%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0137%	1h	0.2484	−0.081%	$650K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0145% / S −0.0020%	1h	0.2483	−0.136%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2485	−0.040%	$333K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0322%	1h	0.2487	+0.052%	$8.0M	$4.8M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2482	−0.169%	$0	—	15x	as long as short