Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.114%

Price spread now: Aster against Deribit−0.105%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−$74as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.479%+$48 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.105%, 7d avg +0.018%

Together, before fees+0.440%+ Points / potential airdropAster: Stage 5 · farm board+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.123% cheaper against Deribit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.018%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.479%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2377	0	get 0.0000% / 1h	56m 19s	$48K	$288K	25x
Short	Aster WIFUSDT	0.2375	−0.0020	pay 0.0010% / 4h	2h 56m	$23K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$4.18
Price spread: −0.105% → +0.018%: −$12.29
Slippage, 4 orders: −$46.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.25
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; Aster: live order book, 30 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 Deribit live order book, 32 min ago	8.36 bp	11.9 bp −$12	20.3 bp −$203	doesn't fit	doesn't fit
Sell Aster live order book, 30 min ago	6.28 bp	15.6 bp −$16	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	−0.0914%	1h	0.2370	−0.294%	$70K	$234K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.757%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0206%	4h	0.2373	−0.168%	$4.6M	$11.0M	75x	as long as short
Variational Omni WIF	−0.0135%	4h	0.2371	−0.272%	$67K	$51K	—	as long as short
Gate WIF_USDT	−0.0130%	4h	0.2373	−0.168%	$1.2M	$6.9M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0102%	4h	0.2359	−0.757%	$263K	$1.8M	10x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2377	+0.007%	$623K	$2.1M	50x	as long as short
Aster WIFUSDTshort	−0.0020%	4h	0.2375	−0.105%	$23K	$254K	10x
dYdX WIF-USD	0.0000%	1h	0.2377	0.000%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	0.0000%	1h	0.2377	long leg	$48K	$288K	25x

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	0.2376	−0.053%	$14K	—	150x	as long as short
ApeX Omni WIFUSDT	+0.0043%	1h	0.2363	−0.589%	$42K	$617K	25x	as long as short
SoDEX WIF-USD	+0.0071%	1h	0.2374	−0.105%	$536	$5K	5x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2374	−0.126%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2376	−0.025%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2372	−0.210%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2377	+0.013%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2376	−0.063%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2373	−0.168%	$17.6M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2374	−0.126%	$16.7M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2374	−0.126%	$6.1M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2372	−0.210%	$21.3M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2375	−0.084%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2368	−0.379%	—	$2.3M	—	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2370	−0.294%	$1K	$2.8M	50x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2367	−0.421%	$164K	$716K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2375	−0.095%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2375	−0.081%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0106% / S −0.0435%	1h	0.2375	−0.090%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2378	+0.042%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2372	−0.210%	$987K	$689K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2374	−0.145%	$0	—	15x	as long as short