Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0607%/8h= +66.4% APRpaid last 24h −0.026%

Price spread now: Injective against Aster+2.641%87s7-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 Injective

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Injective is 2.641% dearer against Aster than usual: you sell high and buy low: +$264 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2489	0.0100	pay 0.0050% / 4h	2h 53m	$41K	$313K	10x
Short	Injective WIF/USDC PERP	0.2555	0.0707	get 0.0088% / 1h	53m 47s	$11K	$10K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.641%Rate

Funding earned: $127.41
Price spread: +2.641% → 0.000%: $264.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $383.5
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 58 min ago; Injective: 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, 58 min ago	9.71 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0200%	4h	0.2499	+0.391%	$1.1M	$903K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	+0.013%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2489	−0.010%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2490	+0.044%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2490	+0.030%	$143K	$654K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2492	+0.110%	$52K	$566K	20x	as long as short
Aster WIFUSDTlong	+0.0100%	4h	0.2489	long leg	$41K	$313K	10x
Pacifica WIF	+0.0100%	1h	0.2491	+0.089%	$78K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2489	−0.021%	$19.6M	$132.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2488	−0.050%	$17.1M	$43.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2489	−0.010%	$5.9M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2487	−0.091%	$1.2M	$8.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2488	−0.050%	$22.9M	$11.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2488	−0.050%	$4.3M	$15.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	−0.091%	$7.6M	$14.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2488	−0.050%	—	$26.7M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2485	−0.151%	$74K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2508	+0.755%	$76K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	+1.044%	$279K	$2.6M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2489	−0.010%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2485	−0.171%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	−0.010%	$576	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2488	−0.050%	$171K	$755K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0101% / S +0.0027%	1h	0.2490	+0.015%	$9K	—	100x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2488	−0.067%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2488	−0.030%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0240%	1h	0.2490	+0.016%	$643K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0340%	1h	0.2492	+0.106%	$8.7M	$5.6M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2495	+0.231%	$333K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	+0.034%	$0	—	15x	as long as short
Injective WIF/USDC PERPshort	+0.0707%	1h	0.2555	+2.641%	$11K	$10K	12x
ApeX Omni WIFUSDT	+0.1053%	1h	0.2512	+0.914%	$46K	$629K	25x	as long as short