Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Popdex against Aster+0.222%7-day average +0.011% · 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−$161as in the Price arb table

costs, in and out, $10k−$1821.818% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.222%, 7d avg +0.011%

Together, before fees+0.089%+ Points / potential airdropAster: Stage 5 · farm board+$9 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: Popdex is 0.211% dearer against Aster than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2542	0.0100	pay 0.0050% / 4h	3h 23m	$44K	$310K	10x
Short	Popdex WIFUSDT	0.2548	0.0096	get 0.0012% / 1h	23m 59s	$52K	$563K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$0.84
Price spread: +0.222% → +0.011%: $21.1
Slippage, 4 orders: −$167.4
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$161.54
Costs to cover: 1.818%
Break-even: never at this rate

Slippage from Aster: live order book, 28 min ago; Popdex: live order book, 30 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, 28 min ago	9.71 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 30 min ago	3.93 bp	66.9 bp −$67	329.4 bp −$3,294	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
BloFin WIF-USDT	−0.0190%	4h	0.2549	+0.261%	$1.1M	$907K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2544	+0.084%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2539	−0.132%	$39K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2543	+0.038%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.497%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2540	−0.073%	$145K	$652K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2548	+0.222%	$52K	$563K	20x
Aster WIFUSDTlong	+0.0100%	4h	0.2542	long leg	$44K	$310K	10x
Pacifica WIF	+0.0100%	1h	0.2546	+0.144%	$79K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2542	−0.031%	$20.3M	$128.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2541	−0.053%	$17.5M	$42.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2539	−0.132%	$6.1M	$38.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2541	−0.053%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2539	−0.132%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2539	−0.132%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2539	−0.132%	$7.8M	$14.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2543	+0.025%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2538	−0.179%	$78K	$304K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2551	+0.341%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2568	+1.009%	$294K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2561	+0.733%	$47K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2542	−0.014%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2539	−0.132%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2540	−0.104%	$593	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2543	+0.025%	$168K	$735K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2538	−0.189%	$12K	$136K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2541	−0.051%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0114% / S +0.0020%	1h	0.2543	+0.024%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2543	+0.025%	$362K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2540	−0.092%	$662K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2544	+0.066%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0584%	1h	0.2548	+0.206%	$8.5M	$5.2M	5x	as long as short