Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.049%

Price spread now: Extended against Variational Omni+0.111%7-day average +0.042% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.743%−$74 · spread now +0.111%, 7d avg +0.042%

Together, before fees−0.684%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$68 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: Extended is 0.069% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2496	0.0100	pay 0.0050% / 4h	3h 45m	$74K	$364K	—
Short	Extended WIF-USD	0.2499	0.0104	get 0.0013% / 1h	45m 42s	$12K	$216K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0.84
Price spread: +0.111% → +0.042%: $6.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $2.72
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Extended: live order book, 50 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 Variational Omni RFQ quote, 38 min ago	7.97 bp	doesn't fit	27.9 bp −$279	doesn't fit	doesn't fit
Sell Extended live order book, 50 min ago	9.93 bp	21.7 bp −$22	103.1 bp −$1,031	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
Gate WIF_USDT	−0.0444%	4h	0.2496	−0.004%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0332% / S +0.0307%	1h	0.2499	+0.097%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2508	+0.477%	$1.0M	$1.0M	75x	as long as short
ApeX Omni WIFUSDT	−0.0023%	1h	0.2504	+0.317%	$35K	$653K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2498	+0.077%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2499	+0.117%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2499	+0.115%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2499	+0.121%	$145K	$809K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	+0.117%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2499	+0.117%	$6K	$1.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2497	+0.037%	$10.0M	$9.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2499	+0.114%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2499	+0.113%	$77K	$87K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2500	+0.157%	$19.8M	$165.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2500	+0.157%	$17.5M	$55.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2500	+0.157%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2499	+0.117%	$24.4M	$15.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2499	+0.117%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2500	+0.157%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2498	+0.077%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2497	+0.041%	$84K	$333K	10x	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2496	long leg	$74K	$364K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2498	+0.057%	$282K	$3.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2495	−0.044%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2499	+0.117%	$578	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2494	−0.084%	$154K	$943K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2499	+0.111%	$12K	$216K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2501	+0.216%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2504	+0.317%	$335K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.517%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2499	+0.101%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0740%	1h	0.2500	+0.167%	$643K	$3.0M	50x	as long as short