Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h +0.030%

Price spread now: Aster against Kraken Futures−0.148%7-day average −0.038% · 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−$96as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now −0.148%, 7d avg −0.038%

Together, before fees−0.038%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.110% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.012% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2408	0.0376	pay 0.0047% / 1h	36m 47s	$628K	$2.1M	50x
Short	Aster WIFUSDT	0.2404	0.0100	get 0.0050% / 4h	1h 36m	$25K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$57.89
Price spread: −0.148% → −0.038%: −$11
Slippage, 4 orders: −$67.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$154.32
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 45 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 Kraken Futures live order book, 2 min ago	8.30 bp	27.2 bp −$27	59.6 bp −$596	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	8.41 bp	20.0 bp −$20	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	−0.0240%	1h	0.2405	−0.139%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0166%	1h	0.2405	−0.122%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0090%	4h	0.2403	−0.205%	$4.2M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2408	−0.012%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2407	−0.055%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.537%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2405	−0.122%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2406	−0.089%	$135K	$548K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2406	−0.080%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2409	+0.044%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTshort	+0.0100%	4h	0.2404	−0.148%	$25K	$255K	10x
Pacifica WIF	+0.0100%	1h	0.2407	−0.056%	$76K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2404	−0.148%	$17.9M	$100.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2405	−0.122%	$16.7M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2404	−0.163%	$6.0M	$31.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2405	−0.122%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2406	−0.080%	$21.5M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2406	−0.080%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2402	−0.247%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	+0.510%	$70K	$67K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2411	+0.126%	$274K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2415	+0.293%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2400	−0.330%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2405	−0.130%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2406	−0.080%	$167K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2405	−0.118%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2405	−0.130%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0201% / S −0.1107%	1h	0.2406	−0.069%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2408	+0.003%	$315K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2403	−0.205%	$973K	$705K	75x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0376%	1h	0.2408	long leg	$628K	$2.1M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2404	−0.156%	$0	—	15x	as long as short