Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.023%

Price spread now: Aster against Hyperliquid−0.127%7-day average −0.050% · 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−$670.667% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.127%, 7d avg −0.050%

Together, before fees0.000%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board$0 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 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WIF	0.2453	0.0100	pay 0.0013% / 1h	2m 45s	$7.6M	$4.0M	5x
Short	Aster WIFUSDT	0.2450	0.0100	get 0.0050% / 4h	1h 02m	$25K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.050%: −$7.7
Slippage, 4 orders: −$49.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$74.37
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Aster: live order book, 14 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 Hyperliquid live order book, 9 min ago	2.68 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	6.18 bp	21.2 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
Backpack WIF_USDC_PERP	−0.0286%	1h	0.2446	−0.273%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0022%	4h	0.2447	−0.245%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2449	−0.177%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2449	−0.163%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2447	−0.236%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.364%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2448	−0.204%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2451	−0.094%	$134K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2447	−0.245%	$54K	$483K	20x	as long as short
Hyperliquid WIFlong	+0.0100%	1h	0.2453	long leg	$7.6M	$4.0M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTshort	+0.0100%	4h	0.2450	−0.127%	$25K	$255K	10x
Pacifica WIF	+0.0100%	1h	0.2447	−0.250%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2450	−0.122%	$18.3M	$101.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2448	−0.204%	$16.9M	$35.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2449	−0.163%	$6.1M	$31.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2449	−0.163%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2449	−0.163%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2451	−0.082%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2449	−0.163%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2438	−0.605%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2447	−0.245%	$279K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2438	−0.611%	$43K	$619K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2445	−0.326%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2448	−0.204%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2445	−0.326%	$169K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2449	−0.182%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2448	−0.214%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0237% / S −0.1355%	1h	0.2447	−0.240%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2448	−0.204%	$321K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2447	−0.245%	$986K	$722K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0369%	1h	0.2450	−0.141%	$653K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2446	−0.278%	$0	—	15x	as long as short