Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Aster against GRVT−0.032%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−$77as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.431%−$43 · spread now −0.032%, 7d avg −0.139%

Together, before fees−0.432%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board−$43 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 0.107% dearer against GRVT than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2476	0.0100	pay 0.0050% / 4h	59m 12s	$273K	$2.9M	10x
Short	Aster WIFUSDT	0.2475	0.0100	get 0.0050% / 4h	59m 12s	$30K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.139%: $10.71
Slippage, 4 orders: −$70.76
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.05
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Aster: live order book, 43 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 GRVT live order book, 4 min ago	2.01 bp	25.1 bp −$25	89.1 bp −$891	doesn't fit	doesn't fit
Sell Aster live order book, 43 min ago	6.09 bp	21.0 bp −$21	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−0.545%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2475	−0.020%	$988K	$936K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	−0.241%	$13K	$587	10x	as long as short
Backpack WIF_USDC_PERP	+0.0001%	1h	0.2474	−0.073%	$74K	$301K	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2474	−0.046%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0009% / S +0.0237%	1h	0.2474	−0.048%	$19K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	−0.004%	$142K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2474	−0.061%	$52K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2475	−0.028%	$8.7M	$6.8M	5x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2475	−0.032%	$30K	$351K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2470	−0.223%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2474	−0.042%	$18.8M	$145.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2474	−0.061%	$16.7M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2476	+0.020%	$5.5M	$42.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2472	−0.141%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2474	−0.061%	$22.1M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2474	−0.061%	$4.3M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2475	−0.020%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2473	−0.101%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.018%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2476	long leg	$273K	$2.9M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	+0.020%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2474	−0.061%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2470	−0.222%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2474	−0.061%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2467	−0.343%	$153K	$947K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2474	−0.068%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	−0.059%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2475	−0.020%	$33K	$272K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2477	+0.061%	$328K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2473	−0.097%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0819%	1h	0.2476	+0.023%	$641K	$2.7M	50x	as long as short