Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%

Price spread now: Hyperliquid against Aster+0.081%7-day average +0.051% · 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−$66as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on Aster Short on Hyperliquid

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 4 days (all we have)+0.017%+$2 · spread now +0.081%, 7d avg +0.051%

Together, before fees+0.035%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.030% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2459	0.0100	pay 0.0050% / 4h	3m 50s	$24K	$256K	10x
Short	Hyperliquid WIF	0.2461	0.0100	get 0.0013% / 1h	3m 50s	$7.7M	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.051%: $3.02
Slippage, 4 orders: −$52.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$66.05
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Aster: live order book, 8 min ago; Hyperliquid: live order book, 8 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 Aster live order book, 8 min ago	6.18 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.44 bp	14.0 bp −$14	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
Backpack WIF_USDC_PERP	−0.0392%	1h	0.2457	−0.094%	$75K	$250K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2457	−0.103%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2461	+0.073%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2461	+0.055%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0018%	4h	0.2457	−0.089%	$4.3M	$11.8M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.611%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2460	+0.032%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2461	+0.057%	$138K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2459	−0.008%	$54K	$484K	20x	as long as short
Hyperliquid WIFshort	+0.0100%	1h	0.2461	+0.081%	$7.7M	$4.1M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDTlong	+0.0100%	4h	0.2459	long leg	$24K	$256K	10x
Pacifica WIF	+0.0100%	1h	0.2455	−0.150%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2458	−0.049%	$18.5M	$104.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2457	−0.102%	$16.9M	$36.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2457	−0.089%	$6.0M	$32.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2458	−0.049%	$1.2M	$7.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2457	−0.089%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2458	−0.049%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2456	−0.130%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2437	−0.896%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	−0.973%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2435	−0.984%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2456	−0.130%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2459	−0.008%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2456	−0.130%	$169K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2456	−0.149%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2460	+0.019%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2460	+0.022%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2463	+0.154%	$323K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0317%	1h	0.2461	+0.063%	$638K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2447	−0.496%	$988K	$736K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2458	−0.063%	$0	—	15x	as long as short