Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.175%

Price spread now: Backpack against Aster+0.044%55s7-day average −0.079% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.622% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.408%−$41 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.044%, 7d avg −0.079%

Together, before fees−0.452%+ Points / potential airdropAster: Stage 5 · farm board−$45 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: Backpack is 0.124% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.079%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2480	0.0100	pay 0.0050% / 4h	2h 51m	$35K	$274K	10x
Short	Backpack WIF_USDC_PERP	0.2481	0.0100	get 0.0013% / 1h	51m 16s	$80K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.079%: $12.37
Slippage, 4 orders: −$44.16
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$49.79
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; Backpack: live order book, 17 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 Aster live order book, 16 min ago	12.12 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 17 min ago	0.41 bp	7.8 bp −$8	doesn't fit	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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.403%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0194%	4h	0.2476	−0.161%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2480	−0.016%	$646K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0036%	4h	0.2476	−0.161%	$4.5M	$12.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2479	−0.056%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2478	−0.081%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2477	−0.103%	$801	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2480	+0.008%	$148K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2479	−0.040%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2479	−0.040%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTlong	+0.0100%	4h	0.2480	long leg	$35K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2477	−0.118%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2479	−0.023%	$18.7M	$111.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2479	−0.056%	$17.0M	$37.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2481	+0.040%	$6.0M	$34.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2476	−0.161%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2478	−0.081%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2475	−0.202%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERPshort	+0.0100%	1h	0.2481	+0.044%	$80K	$268K	10x
Variational Omni WIF	+0.0100%	4h	0.2475	−0.197%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2476	−0.161%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.363%	$42K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2475	−0.202%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2478	−0.060%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2479	−0.040%	$169K	$747K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2478	−0.084%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2478	−0.073%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0122%	1h	0.2480	−0.020%	$7.9M	$4.6M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0180% / S −0.0044%	1h	0.2477	−0.114%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2479	−0.040%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2478	−0.081%	$997K	$706K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2476	−0.157%	$0	—	15x	as long as short