Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.057%

Price spread now: Coinbase International against Aster+0.017%7-day average +0.142% · 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−$86as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.281%+$28 on $10k

Price spread, last 3 days (all we have)+0.255%+$26 · spread now +0.017%, 7d avg +0.142%

Together, before fees+0.536%+ Points / potential airdropAster: Stage 5 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.125% cheaper against Aster than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.142%). If the spread goes back, that is −$13 on $10k: about 2.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2423	0.0100	pay 0.0050% / 4h	32m 01s	$24K	$256K	10x
Short	Coinbase International WIF-PERP-INTX	0.2423	0.0264	get 0.0033% / 1h	32m 01s	$319K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.017%Rate

Funding earned: $34.44
Price spread: +0.017% → +0.142%: −$12.5
Slippage, 4 orders: −$55.7
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$51.76
Costs to cover: 0.737%
Break-even: 17.5 days

Slippage from Aster: live order book, 45 min ago; Coinbase International: 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, 45 min ago	6.18 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.17 bp	19.0 bp −$19	31.6 bp −$316	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
Backpack WIF_USDC_PERP	−0.0421%	1h	0.2420	−0.123%	$72K	$248K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0163%	1h	0.2421	−0.065%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2425	+0.088%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2422	−0.012%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.138%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0046%	4h	0.2420	−0.107%	$4.3M	$11.5M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2421	−0.065%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2422	−0.003%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2422	−0.024%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2425	+0.085%	$7.5M	$4.0M	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	0.2423	long leg	$24K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2425	+0.097%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2421	−0.058%	$18.0M	$103.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2420	−0.107%	$16.6M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2420	−0.107%	$6.0M	$31.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2421	−0.065%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2422	−0.024%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2421	−0.065%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2420	−0.107%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2427	+0.192%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2427	+0.198%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2428	+0.224%	$43K	$623K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2418	−0.189%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2421	−0.065%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2422	−0.024%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2420	−0.123%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2422	−0.045%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2422	−0.031%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0264%	1h	0.2423	+0.017%	$319K	$2.4M	50x
Kraken Futures PF_WIFUSD	+0.0322%	1h	0.2424	+0.073%	$632K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2429	+0.265%	$990K	$726K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2421	−0.077%	$0	—	15x	as long as short