Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against Aster+0.020%7-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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.020% dearer against Aster than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2500	0.0100	pay 0.0050% / 4h	3h 32m	$40K	$411K	10x
Short	gTrade (Gains Network) WIF/USD	0.2500	L +0.0002% / S −0.0001%	get 0.0000% / 1h	32m 51s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.020%Rate

Funding earned: −$20.8
Price spread: +0.020% → 0.000%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$36.76
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 64 min ago; gTrade (Gains Network): 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, 64 min ago	5.95 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
GMX WIF/USD [WBTC.b-USDC]	L −0.0399% / S +0.0320%	1h	0.2500	+0.024%	$19K	—	100x	as long as short
Gate WIF_USDT	−0.0396%	4h	0.2497	−0.114%	$1.3M	$11.5M	50x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2499	−0.034%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	−0.114%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2501	+0.046%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USDshort	L +0.0002% / S −0.0001%	1h	0.2500	+0.020%	$4K	—	150x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2501	+0.046%	$6K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2505	+0.198%	$145K	$826K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2498	−0.074%	$54K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2500	+0.026%	$10.0M	$9.1M	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	0.2500	long leg	$40K	$411K	10x
Pacifica WIF	+0.0100%	1h	0.2500	+0.014%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2499	−0.019%	$19.8M	$166.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2498	−0.078%	$17.5M	$56.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	−0.074%	$5.9M	$48.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2499	−0.034%	$24.1M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2498	−0.074%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2499	−0.034%	$7.6M	$18.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2498	−0.074%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2499	−0.046%	$81K	$355K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.111%	$76K	$368K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2504	+0.166%	$278K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2504	+0.166%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2496	−0.154%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2502	+0.086%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2501	+0.046%	$154K	$943K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2498	−0.060%	$12K	$213K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2496	−0.138%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2503	+0.126%	$366K	$3.9M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.366%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2504	+0.150%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0739%	1h	0.2504	+0.167%	$645K	$3.0M	50x	as long as short