Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Aster−0.137%7-day average −0.041% · 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−$74as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.137%, 7d avg −0.041%

Together, before fees−0.025%+ Points / potential airdropAster: Stage 5 · farm board−$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: Bybit is 0.096% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2433	0.0100	pay 0.0050% / 4h	11m 52s	$24K	$256K	10x
Short	Bybit WIFUSDT	0.2429	0.0100	get 0.0050% / 4h	11m 52s	$16.7M	$36.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.041%: −$9.63
Slippage, 4 orders: −$45.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$73.82
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from Aster: live order book, 65 min ago; Bybit: live order book, 2 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, 65 min ago	6.18 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.06 bp	12.8 bp −$13	32.4 bp −$324	190.6 bp −$19.1K	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
Backpack WIF_USDC_PERP	−0.0391%	1h	0.2428	−0.170%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0161%	1h	0.2430	−0.104%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2434	+0.047%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2432	−0.040%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0028%	4h	0.2429	−0.145%	$4.3M	$11.7M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.543%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2430	−0.104%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2431	−0.067%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2431	−0.063%	$54K	$485K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2434	+0.056%	$7.6M	$4.1M	5x	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	0.2433	long leg	$24K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2433	+0.023%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2430	−0.094%	$18.2M	$104.1M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2429	−0.137%	$16.7M	$36.0M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2428	−0.186%	$6.0M	$32.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2431	−0.063%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2431	−0.063%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2430	−0.104%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2428	−0.186%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2436	+0.149%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2438	+0.225%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2434	+0.061%	$43K	$627K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2427	−0.227%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2429	−0.124%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2430	−0.104%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2431	−0.082%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2430	−0.085%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2431	−0.060%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2433	+0.019%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2431	−0.057%	$631K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2435	+0.102%	$982K	$732K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2429	−0.138%	$0	—	15x	as long as short