Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0053%/8hnext payment −$0.27 per $10,000 · paid last 24h −0.018%

Price spread now: Aster against SunX+0.431%7-day average +0.196% · 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−$167as in the Price arb table

costs, in and out, $10k−$1911.908% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.286%−$29 · spread now +0.431%, 7d avg +0.196%

Together, before fees−0.305%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.235% dearer against SunX than usual: you sell high and buy low (spread +0.431% now, against its 7-day average of +0.196%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 5 days (−0.018% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2372	0.0100	pay 0.0050% / 4h	5m 41s	$2K	$2.8M	50x
Short	Aster WIFUSDT	0.2382	0.0047	get 0.0023% / 4h	5m 41s	$24K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.431%Rate

Funding earned: −$11.15
Price spread: +0.431% → +0.196%: $23.5
Slippage, 4 orders: −$174.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$178.46
Costs to cover: 1.908%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Aster: live order book, 25 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 SunX live order book, 6 min ago	33.74 bp	91.7 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	8.49 bp	15.1 bp −$15	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
Injective WIF/USDC PERP	−0.0650%	1h	0.2445	+3.078%	$11K	$30K	12x	as long as short
Backpack WIF_USDC_PERP	−0.0579%	1h	0.2376	+0.185%	$71K	$233K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0170%	1h	0.2378	+0.253%	$46K	$290K	25x	as long as short
Variational Omni WIF	−0.0145%	4h	0.2374	+0.084%	$68K	$50K	—	as long as short
KuCoin WIFUSDTM	−0.0002%	4h	0.2379	+0.295%	$4.2M	$10.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2381	+0.379%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2379	+0.288%	$15K	—	150x	as long as short
Gate WIF_USDT	+0.0028%	4h	0.2379	+0.295%	$1.2M	$6.8M	50x	as long as short
Bybit WIFUSDT	+0.0034%	4h	0.2383	+0.464%	$16.8M	$33.9M	50x	as long as short
Aster WIFUSDTshort	+0.0047%	4h	0.2382	+0.431%	$24K	$251K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX WIF/USD [WBTC.b-USDC]	L +0.0065% / S −0.0146%	1h	0.2380	+0.323%	$4K	—	100x	as long as short
Orderly PERP_WIF_USDC	+0.0088%	4h	0.2377	+0.211%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2382	+0.434%	$132K	$537K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2378	+0.253%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2383	+0.476%	$7.0M	$3.6M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2381	+0.367%	$75K	$45K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	+0.450%	$17.9M	$96.7M	75x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2385	+0.548%	$6.3M	$29.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2379	+0.295%	$21.6M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2381	+0.379%	$7.3M	$11.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2379	+0.295%	—	$64.5M	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2378	+0.253%	$270K	$1.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2382	+0.422%	$40K	$610K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2372	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2377	+0.190%	$531	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2375	+0.126%	$165K	$704K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2380	+0.330%	$9K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2377	+0.211%	$79K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0296%	1h	0.2380	+0.337%	$322K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2382	+0.422%	$1.0M	$694K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0352%	1h	0.2380	+0.318%	$635K	$2.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2376	+0.167%	$0	—	15x	as long as short