Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0422%/8h= −46.3% APRpaid last 24h −0.042%

Price spread now: GMX against Aster+0.044%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.044% dearer against Aster than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2486	0.0100	pay 0.0050% / 4h	3h 31m	$40K	$411K	10x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2487	L −0.0410% / S +0.0322%	pay 0.0040% / 1h	31m 13s	$19K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$88.72
Price spread: +0.044% → 0.000%: $4.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$104.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 66 min ago; GMX: no order-book sample. 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 Aster live order book, 66 min ago	5.95 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Gate WIF_USDT	−0.0410%	4h	0.2485	−0.040%	$1.3M	$11.5M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L −0.0410% / S +0.0322%	1h	0.2487	+0.044%	$19K	—	100x
BloFin WIF-USDT	−0.0140%	4h	0.2487	+0.040%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.142%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2488	+0.080%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2487	+0.055%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2487	+0.040%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2489	+0.105%	$144K	$834K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2490	+0.161%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2485	−0.024%	$10.0M	$9.2M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTlong	+0.0100%	4h	0.2486	long leg	$40K	$411K	10x
Pacifica WIF	+0.0100%	1h	0.2490	+0.141%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2488	+0.067%	$19.7M	$166.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2487	+0.040%	$17.3M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2486	0.000%	$5.8M	$48.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2486	0.000%	$24.0M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2487	+0.040%	$3.9M	$18.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2485	−0.040%	$7.5M	$18.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2487	+0.040%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2485	−0.044%	$80K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	+0.446%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2504	+0.724%	$278K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2500	+0.563%	$35K	$654K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2482	−0.161%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2487	+0.040%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2485	−0.040%	$152K	$942K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	−0.047%	$12K	$213K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2487	+0.060%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2492	+0.241%	$358K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.925%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2487	+0.035%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0743%	1h	0.2489	+0.109%	$640K	$3.0M	50x	as long as short