Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h −0.114%

Price spread now: Deribit against Aster−0.074%55s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$620.618% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.479%−$48 on $10k

Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.074%, 7d avg −0.018%

Together, before fees−0.261%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.056% cheaper against Aster than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.018%). If the spread goes back, that is −$6 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 5 days funding on this pair cost −0.479%, so the current rate has only just turned in your favour. 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	0.2379	−0.0017	get 0.0009% / 4h	2h 55m	$23K	$254K	10x
Short	Deribit WIF_USDC-PERPETUAL	0.2377	0	get 0.0000% / 1h	55m 27s	$48K	$288K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $3.62
Price spread: −0.074% → −0.018%: −$5.59
Slippage, 4 orders: −$46.78
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63.74
Costs to cover: 0.618%
Break-even: 130.1 days

Slippage from Aster: live order book, 31 min ago; Deribit: live order book, 33 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, 31 min ago	6.28 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	8.36 bp	16.0 bp −$16	23.7 bp −$237	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	−0.0839%	1h	0.2375	−0.150%	$70K	$232K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.683%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2377	−0.074%	$4.6M	$11.0M	75x	as long as short
Gate WIF_USDT	−0.0120%	4h	0.2378	−0.032%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0104%	4h	0.2373	−0.221%	$67K	$51K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2377	−0.067%	$623K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0072%	4h	0.2371	−0.326%	$264K	$1.8M	10x	as long as short
Aster WIFUSDTlong	−0.0017%	4h	0.2379	long leg	$23K	$254K	10x
dYdX WIF-USD	0.0000%	1h	0.2377	−0.074%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUALshort	0.0000%	1h	0.2377	−0.074%	$48K	$288K	25x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2381	+0.083%	$15K	—	150x	as long as short
SoDEX WIF-USD	+0.0071%	1h	0.2374	−0.179%	$536	$5K	5x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2380	+0.052%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2377	−0.057%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2379	+0.010%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2383	+0.174%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2377	−0.062%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2380	+0.052%	$17.6M	$98.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2381	+0.073%	$16.7M	$34.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2381	+0.094%	$6.1M	$30.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2379	+0.010%	$21.4M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2380	+0.052%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2378	−0.032%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2373	−0.242%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2370	−0.368%	$1K	$2.8M	50x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2367	−0.494%	$164K	$716K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2377	−0.086%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2379	+0.009%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0107% / S −0.0443%	1h	0.2381	+0.105%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2378	−0.032%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2372	−0.284%	$987K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2380	+0.033%	$0	—	15x	as long as short