Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.159%

Price spread now: Aster against Backpack+0.152%7-day average +0.081% · 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−$59as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.414%+$41 on $10k

Price spread, last 4 days (all we have)−0.451%−$45 · spread now +0.152%, 7d avg +0.081%

Together, before fees−0.037%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.071% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WIF_USDC_PERP	0.2566	0.0100	pay 0.0013% / 1h	33m 55s	$79K	$303K	10x
Short	Aster WIFUSDT	0.2570	0.0100	get 0.0050% / 4h	3h 33m	$45K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.081%: $7.1
Slippage, 4 orders: −$47.62
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.52
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Backpack: live order book, 19 min ago; Aster: live order book, 18 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 Backpack live order book, 19 min ago	1.17 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 18 min ago	9.71 bp	19.2 bp −$19	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
BloFin WIF-USDT	−0.0194%	4h	0.2578	+0.460%	$1.1M	$917K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2568	+0.089%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2565	−0.047%	$40K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2564	−0.077%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.436%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2568	+0.066%	$147K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2570	+0.148%	$52K	$562K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2570	+0.152%	$45K	$310K	10x
Pacifica WIF	+0.0100%	1h	0.2573	+0.249%	$80K	$64K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2572	+0.225%	$20.4M	$127.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2570	+0.148%	$17.6M	$42.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2570	+0.148%	$6.2M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2569	+0.109%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2571	+0.187%	$23.7M	$11.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2568	+0.070%	$4.4M	$15.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2571	+0.187%	$7.9M	$14.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2573	+0.265%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERPlong	+0.0100%	1h	0.2566	long leg	$79K	$303K	10x
Variational Omni WIF	+0.0100%	4h	0.2581	+0.579%	$107K	$126K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2562	−0.173%	$285K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2572	+0.226%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2565	−0.047%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2562	−0.164%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2566	−0.008%	$601	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2566	−0.008%	$170K	$729K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2567	+0.041%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2554	−0.460%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0117% / S −0.0002%	1h	0.2564	−0.103%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2569	+0.109%	$347K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0358%	1h	0.2567	+0.032%	$674K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0456%	1h	0.2576	+0.397%	$8.5M	$5.1M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2564	−0.102%	$1	—	15x	as long as short