Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h +3.931%

Price spread now: Aster against GMX−0.055%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Aster

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.055% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	GMX WIF/USD [WBTC.b-USDC]	0.2366	L +0.0111% / S −0.0477%	pay 0.0014% / 1h	50m 36s	$4K	—	100x
Short	Aster WIFUSDT	0.2365	−0.0026	pay 0.0013% / 4h	2h 50m	$23K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$28.82
Price spread: −0.055% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$54.27
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 36 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 36 min ago	6.28 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0832%	1h	0.2363	−0.135%	$71K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.213%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0198%	4h	0.2365	−0.055%	$4.5M	$11.0M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2367	+0.030%	$46K	$289K	25x	as long as short
Gate WIF_USDT	−0.0138%	4h	0.2365	−0.055%	$1.2M	$6.9M	50x	as long as short
Variational Omni WIF	−0.0098%	4h	0.2365	−0.075%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2367	+0.024%	$619K	$2.1M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0062%	4h	0.2371	+0.207%	$272K	$1.8M	10x	as long as short
Aster WIFUSDTshort	−0.0026%	4h	0.2365	−0.055%	$23K	$254K	10x
dYdX WIF-USD	0.0000%	1h	0.2368	+0.072%	$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	0.2367	+0.024%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0089%	4h	0.2365	−0.055%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2367	+0.022%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2366	−0.012%	$52K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2369	+0.120%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2367	+0.013%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2365	−0.051%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2365	−0.055%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2366	−0.012%	$6.0M	$29.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2366	−0.012%	$21.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2365	−0.055%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2363	−0.139%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2366	−0.012%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2361	−0.224%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2365	−0.067%	$534	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2365	−0.055%	$164K	$717K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2365	−0.041%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2364	−0.076%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]long	L +0.0111% / S −0.0477%	1h	0.2366	long leg	$4K	—	100x
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2370	+0.157%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2368	+0.072%	$977K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	−0.073%	$0	—	15x	as long as short