Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: Aster against Lighter+0.085%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.085%, 7d avg −0.017%

Together, before fees−0.128%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$13 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 0.102% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2424	0.0096	pay 0.0012% / 1h	30m 31s	$136K	$571K	10x
Short	Aster WIFUSDT	0.2426	0.0100	get 0.0050% / 4h	30m 31s	$24K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0.84
Price spread: +0.085% → −0.017%: $10.2
Slippage, 4 orders: −$47.99
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$44.95
Costs to cover: 0.560%
Break-even: 381.6 days

Slippage from Lighter: live order book, 40 min ago; Aster: live order book, 46 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 Lighter live order book, 40 min ago	3.30 bp	13.2 bp −$13	56.2 bp −$562	doesn't fit	doesn't fit
Sell Aster live order book, 46 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	−0.0420%	1h	0.2422	−0.062%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2424	−0.012%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2425	+0.041%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2426	+0.066%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.196%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0046%	4h	0.2424	0.000%	$4.3M	$11.6M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2425	+0.041%	$5K	$1.3M	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2424	long leg	$136K	$571K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2426	+0.083%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2429	+0.186%	$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	0.2426	+0.085%	$24K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2423	−0.026%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2426	+0.077%	$18.0M	$103.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2425	+0.033%	$16.7M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2424	0.000%	$6.0M	$31.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2425	+0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2426	+0.083%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2427	+0.124%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2425	+0.041%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2424	+0.009%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2423	−0.038%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2426	+0.083%	$43K	$624K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2422	−0.083%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2424	0.000%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2419	−0.206%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2426	+0.086%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2424	+0.017%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2425	+0.046%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2424	0.000%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0322%	1h	0.2427	+0.114%	$632K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2422	−0.083%	$984K	$724K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2424	+0.009%	$0	—	15x	as long as short