Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.159%

Price spread now: Reya against Aster−0.390%46s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.390% cheaper against Aster than usual: you would sell low and buy high (spread −0.390% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 2.8 days of funding at the current rate (+$14 a day). The two prices were read 46 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	0.2448	0.0100	pay 0.0050% / 4h	5m 41s	$24K	$256K	10x
Short	Reya WIFRUSDPERP	0.2439	0.0558	get 0.0070% / 1h	5m 41s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.390%Rate

Funding earned: $96.11
Price spread: −0.390% → 0.000%: −$38.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $43.13
Costs to cover: 0.140%
Break-even: 3.9 days

Slippage unknown: Aster: live order book, 6 min ago; Reya: 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, 6 min ago	6.18 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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	−0.0405%	1h	0.2445	−0.118%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2439	−0.376%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	−0.023%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2440	−0.324%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0014%	4h	0.2446	−0.090%	$4.3M	$11.7M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.173%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2439	−0.376%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2449	+0.016%	$137K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2440	−0.335%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2451	+0.102%	$7.7M	$4.1M	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	0.2448	long leg	$24K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2448	0.000%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2448	−0.003%	$18.4M	$104.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2446	−0.090%	$16.9M	$36.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2445	−0.131%	$6.0M	$32.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2447	−0.049%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2447	−0.049%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2448	−0.008%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2443	−0.212%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2437	−0.451%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	−0.528%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2432	−0.662%	$43K	$627K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2435	−0.539%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2440	−0.315%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2435	−0.539%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2448	−0.028%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2440	−0.335%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S +0.0185%	1h	0.2440	−0.340%	$18K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2445	−0.131%	$321K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0319%	1h	0.2446	−0.083%	$634K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2436	−0.498%	$985K	$732K	75x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2439	−0.390%	$0	—	15x