Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.057%

Price spread now: Coinbase International against Aster−0.130%7-day average +0.142% · 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−$98as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.279%+$28 on $10k

Price spread, last 3 days (all we have)+0.388%+$39 · spread now −0.130%, 7d avg +0.142%

Together, before fees+0.667%+ Points / potential airdropAster: Stage 5 · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.271% cheaper against Aster than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of +0.142%). If the spread goes back, that is −$27 on $10k: about 4.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2499	0.0100	pay 0.0050% / 4h	3h 34m	$25K	$274K	10x
Short	Coinbase International WIF-PERP-INTX	0.2496	0.0288	get 0.0036% / 1h	34m 33s	$336K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.130%Rate

Funding earned: $39.48
Price spread: −0.130% → +0.142%: −$27.11
Slippage, 4 orders: −$53
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$58.63
Costs to cover: 0.710%
Break-even: 17.4 days

Slippage from Aster: live order book, 37 min ago; Coinbase International: live order book, 4 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 Aster live order book, 37 min ago	6.18 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.10 bp	18.6 bp −$19	30.3 bp −$303	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	−0.0346%	1h	0.2497	−0.077%	$76K	$255K	10x	as long as short
Gate WIF_USDT	−0.0092%	4h	0.2493	−0.250%	$1.3M	$7.1M	50x	as long as short
KuCoin WIFUSDTM	−0.0006%	4h	0.2488	−0.450%	$4.4M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2496	−0.145%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2495	−0.170%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2491	−0.348%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.170%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2497	−0.098%	$662K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2495	−0.170%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2497	−0.098%	$143K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2493	−0.250%	$56K	$484K	20x	as long as short
Aster WIFUSDTlong	+0.0100%	4h	0.2499	long leg	$25K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2497	−0.105%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2494	−0.210%	$19.2M	$106.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2490	−0.390%	$17.1M	$36.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2488	−0.450%	$6.0M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	−0.410%	$22.4M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	−0.330%	$7.7M	$12.0M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2494	−0.210%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.445%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	−1.969%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2466	−1.330%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.370%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	−0.186%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2492	−0.290%	$172K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2491	−0.310%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	−0.222%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0183%	1h	0.2496	−0.142%	$7.9M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2493	−0.262%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0288%	1h	0.2496	−0.130%	$336K	$2.5M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2498	−0.049%	$1.0M	$748K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	−0.484%	$0	—	15x	as long as short