Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0883%/8h= −96.6% APRpaid last 24h −0.024%

Price spread now: Injective against Aster−0.160%67s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 −$26 a day on $10k at the current rate, and Injective is 0.160% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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	0.2474	0.0100	pay 0.0050% / 4h	2h 32m	$35K	$274K	10x
Short	Injective WIF/USDC PERP	0.2470	−0.0783	pay 0.0098% / 1h	32m 07s	$11K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.160%Rate

Funding earned: −$185.35
Price spread: −0.160% → 0.000%: −$15.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$209.35
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 35 min ago; Injective: 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, 35 min ago	12.12 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 31 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
Injective WIF/USDC PERPshort	−0.0783%	1h	0.2470	−0.160%	$11K	$10K	12x
Gate WIF_USDT	−0.0086%	4h	0.2471	−0.119%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2474	−0.009%	$641K	$2.3M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2473	−0.055%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2473	−0.023%	$799	—	150x	as long as short
KuCoin WIFUSDTM	+0.0024%	4h	0.2473	−0.039%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0064%	1h	0.2471	−0.123%	$77K	$271K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2473	−0.018%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	+0.002%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2473	−0.039%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTlong	+0.0100%	4h	0.2474	long leg	$35K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2472	−0.071%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2472	−0.068%	$18.8M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2469	−0.200%	$16.9M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2470	−0.160%	$5.9M	$34.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2470	−0.160%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2472	−0.079%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.119%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	−0.115%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2468	−0.241%	$276K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.119%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.200%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2473	−0.051%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2469	−0.200%	$169K	$724K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2473	−0.044%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2473	−0.031%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2474	+0.002%	$49K	$279K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0174% / S −0.0040%	1h	0.2473	−0.053%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0210%	1h	0.2477	+0.111%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2475	+0.042%	$325K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2474	+0.007%	$0	—	15x	as long as short