Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: dYdX against Aster−0.231%7-day average — · you buy dearer than you sell

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

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.231% cheaper against Aster than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2503	0.0100	pay 0.0050% / 4h	3h 16m	$35K	$274K	10x
Short	dYdX WIF-USD	0.2498	0	get 0.0000% / 1h	16m 27s	$19K	$589	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.231%Rate

Funding earned: −$21
Price spread: −0.231% → 0.000%: −$23.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$62.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 55 min ago; dYdX: no order-book sample. 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 Aster live order book, 55 min ago	6.18 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0213%	1h	0.2494	−0.375%	$77K	$254K	10x	as long as short
Gate WIF_USDT	−0.0168%	4h	0.2500	−0.135%	$1.3M	$7.2M	50x	as long as short
KuCoin WIFUSDTM	−0.0046%	4h	0.2501	−0.095%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USDshort	0.0000%	1h	0.2498	−0.231%	$19K	$589	10x
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2494	−0.375%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2503	−0.011%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.333%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2495	−0.345%	$654K	$2.3M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2502	−0.051%	$149K	$595K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2505	+0.065%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2504	+0.025%	$5K	$1.3M	10x	as long as short
Aster WIFUSDTlong	+0.0100%	4h	0.2503	long leg	$35K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2502	−0.050%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2502	−0.044%	$19.2M	$108.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2502	−0.055%	$17.2M	$37.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2502	−0.055%	$6.0M	$34.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2501	−0.095%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2503	−0.015%	$7.6M	$12.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2499	−0.175%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.251%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2499	−0.175%	$279K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2502	−0.055%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2489	−0.574%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	−0.411%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2491	−0.494%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2502	−0.036%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2505	+0.070%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0188% / S −0.0049%	1h	0.2503	−0.023%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0197%	1h	0.2507	+0.160%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2494	−0.375%	$336K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2493	−0.415%	$1.0M	$705K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2501	−0.110%	$1	—	15x	as long as short