Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.023%

Price spread now: Hyperliquid against Aster+0.159%7-day average +0.050% · 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−$54as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.159%, 7d avg +0.050%

Together, before fees−0.039%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.108% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2378	0.0037	pay 0.0018% / 4h	2h 19m	$23K	$254K	10x
Short	Hyperliquid WIF	0.2382	0.0100	get 0.0013% / 1h	19m 34s	$7.4M	$4.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.159%Rate

Funding earned: $13.31
Price spread: +0.159% → +0.050%: $10.82
Slippage, 4 orders: −$48.14
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.01
Costs to cover: 0.651%
Break-even: 28.6 days

Slippage from Aster: live order book, 2 min ago; Hyperliquid: live order book, 3 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, 2 min ago	8.41 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	3.98 bp	14.6 bp −$15	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
Backpack WIF_USDC_PERP	−0.0635%	1h	0.2378	+0.007%	$74K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.726%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0188%	4h	0.2377	−0.031%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0170%	1h	0.2379	+0.053%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2382	+0.160%	$629K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0001%	4h	0.2379	+0.069%	$68K	$47K	—	as long as short
dYdX WIF-USD	0.0000%	1h	0.2380	+0.090%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2379	+0.042%	$15K	—	150x	as long as short
Aster WIFUSDTlong	+0.0037%	4h	0.2378	long leg	$23K	$254K	10x
GRVT WIF_USDT_Perp	+0.0054%	4h	0.2379	+0.071%	$273K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0064%	4h	0.2378	+0.011%	$1.2M	$6.9M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2379	+0.053%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2379	+0.053%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2378	+0.011%	$53K	$482K	20x	as long as short
Hyperliquid WIFshort	+0.0100%	1h	0.2382	+0.159%	$7.4M	$4.0M	5x
Pacifica WIF	+0.0100%	1h	0.2379	+0.048%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2378	−0.003%	$17.6M	$99.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2377	−0.031%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2377	−0.031%	$6.0M	$30.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2379	+0.053%	$21.3M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2378	+0.011%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2377	−0.031%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2381	+0.138%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2375	−0.115%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2379	+0.032%	$542	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2380	+0.095%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2377	−0.040%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2379	+0.032%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0149% / S −0.0740%	1h	0.2380	+0.076%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2381	+0.138%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2380	+0.095%	$966K	$690K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2378	+0.027%	$0	—	15x	as long as short