Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.011%

Price spread now: Kraken Futures against Aster+0.063%7-day average +0.038% · 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−$89as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.135%+$14 · spread now +0.063%, 7d avg +0.038%

Together, before fees+0.123%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.038%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.012% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2461	0.0100	pay 0.0050% / 4h	53m 05s	$25K	$256K	10x
Short	Kraken Futures PF_WIFUSD	0.2462	0.0317	get 0.0040% / 1h	53m 05s	$656K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.063%Rate

Funding earned: $45.57
Price spread: +0.063% → +0.038%: $2.46
Slippage, 4 orders: −$73.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.35
Costs to cover: 0.914%
Break-even: 13.7 days

Slippage from Aster: live order book, 24 min ago; Kraken Futures: live order book, just now.

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, 24 min ago	6.18 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, just now	10.16 bp	22.8 bp −$23	53.1 bp −$531	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	−0.0426%	1h	0.2457	−0.139%	$73K	$249K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0156%	1h	0.2460	−0.037%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2464	+0.109%	$18K	$589	10x	as long as short
KuCoin WIFUSDTM	0.0000%	4h	0.2459	−0.078%	$4.3M	$11.3M	75x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2463	+0.067%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.678%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2460	−0.037%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.004%	$138K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2465	+0.166%	$55K	$485K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2464	+0.106%	$7.6M	$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	0.2461	long leg	$25K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2463	+0.091%	$78K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2461	−0.015%	$18.5M	$102.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2459	−0.078%	$17.0M	$35.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2458	−0.118%	$6.1M	$32.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2459	−0.078%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2459	−0.078%	$22.4M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2460	−0.037%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2462	+0.044%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2466	+0.214%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	+0.353%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2460	−0.037%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2457	−0.159%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2460	−0.037%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2460	−0.037%	$170K	$721K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2459	−0.097%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2460	−0.053%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2462	+0.053%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2466	+0.207%	$325K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0317%	1h	0.2462	+0.063%	$656K	$2.2M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2459	−0.078%	$992K	$727K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	+0.152%	$0	—	15x	as long as short