Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.061%

Price spread now: Aster against Coinbase International−0.048%7-day average −0.139% · 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−$70as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.291%−$29 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now −0.048%, 7d avg −0.139%

Together, before fees−0.577%+ Points / potential airdropAster: Stage 5 · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.091% dearer against Coinbase International than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.139%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2537	0.0352	pay 0.0044% / 1h	13m 20s	$337K	$3.1M	50x
Short	Aster WIFUSDT	0.2536	0.0100	get 0.0050% / 4h	3h 13m	$44K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$52.92
Price spread: −0.048% → −0.139%: $9.09
Slippage, 4 orders: −$61.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$123.19
Costs to cover: 0.794%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Aster: live order book, 39 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 Coinbase International live order book, 6 min ago	9.86 bp	18.8 bp −$19	31.7 bp −$317	doesn't fit	doesn't fit
Sell Aster live order book, 39 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	−0.0196%	4h	0.2534	−0.118%	$1.1M	$903K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2530	−0.256%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2534	−0.118%	$34K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2533	−0.145%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.709%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2533	−0.150%	$145K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2532	−0.197%	$52K	$563K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2536	−0.048%	$44K	$310K	10x
Pacifica WIF	+0.0100%	1h	0.2532	−0.190%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2533	−0.138%	$20.1M	$129.9M	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	0.2533	−0.158%	$17.4M	$43.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2534	−0.118%	$6.1M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2533	−0.158%	$1.2M	$8.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2533	−0.158%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2531	−0.236%	$4.3M	$15.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2535	−0.079%	$7.7M	$14.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2533	−0.158%	—	$26.6M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2538	+0.032%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2550	+0.515%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2542	+0.188%	$286K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2550	+0.512%	$47K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2533	−0.158%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2532	−0.197%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2536	−0.020%	$589	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2529	−0.315%	$167K	$737K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2535	−0.078%	$11K	$115K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2534	−0.110%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0109% / S +0.0022%	1h	0.2534	−0.130%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0352%	1h	0.2537	long leg	$337K	$3.1M	50x
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2538	+0.027%	$663K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2533	−0.154%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0700%	1h	0.2539	+0.079%	$8.6M	$5.3M	5x	as long as short