Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.159%

Price spread now: Reya against Aster+0.115%46s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Reya is 0.115% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2450	0.0100	pay 0.0050% / 4h	1h 47m	$31K	$351K	10x
Short	Reya WIFRUSDPERP	0.2453	0.0558	get 0.0070% / 1h	47m 44s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.115%Rate

Funding earned: $96.11
Price spread: +0.115% → 0.000%: $11.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $93.57
Costs to cover: 0.140%
Break-even: 0.2 days

Slippage unknown: Aster: live order book, 59 min ago; Reya: 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, 59 min ago	6.14 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2454	+0.171%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2442	−0.319%	$975K	$921K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2448	−0.091%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2450	+0.008%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2450	+0.025%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0059%	1h	0.2449	−0.049%	$73K	$294K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0061% / S +0.0250%	1h	0.2450	+0.015%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2451	+0.049%	$142K	$700K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2451	+0.049%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2453	+0.121%	$8.5M	$6.4M	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	0.2450	long leg	$31K	$351K	10x
Pacifica WIF	+0.0100%	1h	0.2455	+0.202%	$77K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2450	+0.011%	$18.6M	$142.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2449	−0.033%	$16.5M	$47.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2449	−0.033%	$5.5M	$41.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2450	+0.008%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2450	+0.008%	$22.1M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2450	+0.008%	$4.1M	$16.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2449	−0.033%	$7.4M	$15.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2451	+0.049%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2445	−0.192%	$72K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2447	−0.114%	$277K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2435	−0.604%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2450	+0.008%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2446	−0.155%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2450	0.000%	$562	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2446	−0.155%	$149K	$882K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2449	−0.040%	$10K	$157K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2449	−0.033%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0348%	1h	0.2451	+0.055%	$626K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2453	+0.130%	$324K	$3.2M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2453	+0.115%	$0	—	15x