Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.020%

Price spread now: Popdex against Aster+0.164%7-day average +0.012% · 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−$184as in the Price arb table

costs, in and out, $10k−$1991.992% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.164%, 7d avg +0.012%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.152% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2365	−0.0011	get 0.0006% / 4h	2h 43m	$23K	$254K	10x
Short	Popdex WIFUSDT	0.2369	0.0096	get 0.0012% / 1h	43m 28s	$53K	$482K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.164%Rate

Funding earned: $22.51
Price spread: +0.164% → +0.012%: $15.16
Slippage, 4 orders: −$184.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$161.5
Costs to cover: 1.992%
Break-even: 57.2 days

Slippage from Aster: live order book, 43 min ago; Popdex: live order book, 45 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, 43 min ago	6.28 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 45 min ago	2.09 bp	73.9 bp −$74	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	−0.0881%	1h	0.2361	−0.191%	$72K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.263%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0204%	4h	0.2364	−0.048%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0173%	1h	0.2364	−0.048%	$46K	$289K	25x	as long as short
Variational Omni WIF	−0.0093%	4h	0.2361	−0.195%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2365	−0.011%	$619K	$2.1M	50x	as long as short
Gate WIF_USDT	−0.0050%	4h	0.2368	+0.121%	$1.2M	$6.9M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0024%	4h	0.2360	−0.236%	$263K	$1.8M	10x	as long as short
Aster WIFUSDTlong	−0.0011%	4h	0.2365	long leg	$23K	$254K	10x
dYdX WIF-USD	0.0000%	1h	0.2366	+0.032%	$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	0.2364	−0.059%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2363	−0.090%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2367	+0.071%	$131K	$540K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2369	+0.164%	$53K	$482K	20x
Hyperliquid WIF	+0.0100%	1h	0.2369	+0.151%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2367	+0.075%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2369	+0.144%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2368	+0.121%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2369	+0.164%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2367	+0.079%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2368	+0.121%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2362	−0.132%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2361	−0.175%	$41K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2360	−0.217%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2362	−0.111%	$533	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2361	−0.175%	$163K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2368	+0.131%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2363	−0.090%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0120% / S −0.0536%	1h	0.2364	−0.065%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2366	+0.037%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2360	−0.217%	$977K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2367	+0.097%	$0	—	15x	as long as short