Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h −0.008%

Price spread now: Aster against Kraken Futures−0.027%7-day average −0.039% · 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−$94as in the Price arb table

costs, in and out, $10k−$960.955% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now −0.027%, 7d avg −0.039%

Together, before fees−0.133%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2546	0.0796	pay 0.0100% / 1h	13m 10s	$662K	$2.7M	50x
Short	Aster WIFUSDT	0.2546	0.0100	get 0.0050% / 4h	13m 10s	$30K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$146.2
Price spread: −0.027% → −0.039%: $1.12
Slippage, 4 orders: −$77.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$240.62
Costs to cover: 0.955%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 24 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 Kraken Futures live order book, 1 min ago	11.78 bp	29.2 bp −$29	51.6 bp −$516	doesn't fit	doesn't fit
Sell Aster live order book, 24 min ago	5.95 bp	20.4 bp −$20	doesn't fit	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0182% / S +0.0276%	1h	0.2533	−0.505%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−3.312%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2541	−0.209%	$1.0M	$963K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2541	−0.222%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2544	−0.072%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0034%	1h	0.2540	−0.256%	$76K	$310K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2547	+0.046%	$146K	$711K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2544	−0.091%	$55K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2547	+0.030%	$8.9M	$6.9M	5x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2546	−0.027%	$30K	$352K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2543	−0.146%	$79K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2545	−0.047%	$19.6M	$149.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2542	−0.158%	$17.0M	$49.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2543	−0.131%	$5.7M	$44.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2545	−0.052%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2545	−0.052%	$22.7M	$12.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2545	−0.052%	$4.3M	$17.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2544	−0.091%	$7.7M	$16.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2541	−0.209%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	−1.148%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2536	−0.405%	$286K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2531	−0.602%	$46K	$640K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2546	−0.013%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2542	−0.170%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2546	−0.025%	$586	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2541	−0.209%	$161K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2544	−0.096%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2546	−0.013%	$85K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0143%	1h	0.2547	+0.026%	$34K	$275K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2548	+0.066%	$338K	$3.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2544	−0.085%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0796%	1h	0.2546	long leg	$662K	$2.7M	50x