Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0122%/8h= +13.3% APRpaid last 24h +0.020%

Price spread now: Lighter against Aster−0.008%7-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−$64as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Aster Short on Lighter

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)+0.043%+$4 · spread now −0.008%, 7d avg +0.018%

Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.027% cheaper against Aster than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.018%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day). At the pace of the last 5 days (+0.015% in total) that is about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2365	−0.0026	get 0.0013% / 4h	2h 50m	$23K	$254K	10x
Short	Lighter WIF	0.2365	0.0096	get 0.0012% / 1h	50m 08s	$131K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: $25.6
Price spread: −0.008% → +0.018%: −$2.67
Slippage, 4 orders: −$53.62
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.69
Costs to cover: 0.616%
Break-even: 17.6 days

Slippage from Aster: live order book, 36 min ago; Lighter: live order book, 34 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, 36 min ago	6.28 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 34 min ago	3.16 bp	15.1 bp −$15	61.7 bp −$617	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	−0.0832%	1h	0.2363	−0.080%	$71K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.268%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0198%	4h	0.2363	−0.085%	$4.5M	$11.0M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2366	+0.042%	$46K	$289K	25x	as long as short
Gate WIF_USDT	−0.0138%	4h	0.2365	0.000%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0098%	4h	0.2365	−0.021%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2366	+0.052%	$619K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0062%	4h	0.2371	+0.262%	$272K	$1.8M	10x	as long as short
Aster WIFUSDTlong	−0.0026%	4h	0.2365	long leg	$23K	$254K	10x
dYdX WIF-USD	0.0000%	1h	0.2368	+0.127%	$18K	$582	10x	as long as short

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	0.2366	+0.061%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2365	0.000%	$4K	$1.3M	10x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2365	−0.008%	$131K	$540K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2366	+0.042%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2369	+0.182%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2367	+0.068%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2364	−0.034%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2364	−0.055%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2364	−0.042%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2364	−0.042%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2364	−0.042%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2362	−0.127%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2366	+0.042%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2362	−0.127%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2364	−0.055%	$534	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2362	−0.127%	$164K	$716K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2364	−0.029%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2364	−0.050%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0113% / S −0.0486%	1h	0.2366	+0.040%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2367	+0.085%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2368	+0.127%	$977K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	−0.018%	$0	—	15x	as long as short