Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.008%

Price spread now: Aster against gTrade (Gains Network)−0.198%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

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 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.198% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WIF/USD	0.2495	L +0.0002% / S +0.0001%	pay 0.0000% / 1h	15m 48s	$807	—	150x
Short	Aster WIFUSDT	0.2490	0.0100	get 0.0050% / 4h	15m 48s	$33K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.198%Rate

Funding earned: $20.68
Price spread: −0.198% → 0.000%: −$19.8
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.12
Costs to cover: 0.180%
Break-even: 12.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 41 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 41 min ago	10.01 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0185%	4h	0.2498	+0.106%	$1.0M	$834K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0093%	1h	0.2492	−0.118%	$76K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	−0.232%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USDlong	L +0.0002% / S +0.0001%	1h	0.2495	long leg	$807	—	150x
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.016%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2489	−0.242%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	+0.146%	$57K	$497K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2490	−0.198%	$33K	$284K	10x
Pacifica WIF	+0.0100%	1h	0.2489	−0.274%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2488	−0.295%	$18.8M	$119.0M	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	0.2486	−0.371%	$16.9M	$40.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2488	−0.295%	$6.0M	$36.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2490	−0.214%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	−0.254%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2489	−0.254%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2488	−0.295%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2491	−0.174%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2494	−0.052%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2480	−0.615%	$276K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2483	−0.495%	$45K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2497	+0.066%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2494	−0.054%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	+0.006%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2497	+0.066%	$166K	$701K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2488	−0.301%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2496	+0.008%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0131% / S −0.0011%	1h	0.2496	+0.020%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0151%	1h	0.2497	+0.066%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0260%	1h	0.2496	+0.013%	$648K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0307%	1h	0.2495	−0.030%	$8.2M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2496	+0.026%	$326K	$2.8M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2497	+0.070%	$0	—	15x	as long as short