Funding arb · Price arb /

WIF

all WIF markets

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 −0.010%

Price spread now: Aster against Orderly−0.033%7-day average +0.039% · you buy dearer than you sell

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.033%, 7d avg +0.039%

Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · farm board−$3 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 0.072% cheaper against Orderly than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WIF_USDC	0.2395	0.0100	pay 0.0050% / 4h	2h 42m	$4K	$1.2M	10x
Short	Aster WIFUSDT	0.2394	0.0100	get 0.0050% / 4h	2h 42m	$33K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.039%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.23
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	6.14 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
BloFin WIF-USDT	−0.0180%	4h	0.2402	+0.292%	$1.0M	$881K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2403	+0.314%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2394	−0.042%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2392	−0.105%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2405	+0.409%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2399	+0.167%	$51K	$570K	20x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0096% / S +0.0030%	1h	0.2393	−0.104%	$9K	—	100x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2399	+0.163%	$8.4M	$6.1M	5x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2394	−0.033%	$33K	$330K	10x
Pacifica WIF	+0.0100%	1h	0.2402	+0.280%	$75K	$68K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2394	−0.042%	$18.7M	$136.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2393	−0.084%	$16.5M	$45.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2394	−0.042%	$5.5M	$38.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2393	−0.084%	$1.1M	$8.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2392	−0.125%	$21.7M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2392	−0.125%	$4.0M	$15.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2393	−0.084%	$7.3M	$15.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2392	−0.125%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2401	+0.255%	$70K	$315K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	+1.924%	$75K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2392	−0.135%	$271K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2430	+1.461%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDClong	+0.0100%	4h	0.2395	long leg	$4K	$1.2M	10x
SunX WIF-USDT	+0.0100%	4h	0.2390	−0.209%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.021%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2402	+0.292%	$170K	$772K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2393	−0.088%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	−0.084%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2396	+0.026%	$637K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2405	+0.418%	$330K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2392	−0.118%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2393	−0.084%	$10K	$10K	12x	as long as short