Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Popdex against Aster+0.105%7-day average +0.017% · 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−$264as in the Price arb table

costs, in and out, $10k−$2722.724% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.105%, 7d avg +0.017%

Together, before fees−0.034%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: Popdex is 0.088% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WIFUSDT	0.2478	0.0100	pay 0.0050% / 4h	2h 46m	$35K	$274K	10x
Short	Popdex WIFUSDT	0.2481	0.0096	get 0.0012% / 1h	46m 51s	$56K	$497K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$0.84
Price spread: +0.105% → +0.017%: $8.81
Slippage, 4 orders: −$258.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$264.45
Costs to cover: 2.724%
Break-even: never at this rate

Slippage from Aster: live order book, 20 min ago; Popdex: live order book, 22 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, 20 min ago	12.12 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 22 min ago	34.50 bp	129.0 bp −$129	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	−0.0783%	1h	0.2470	−0.339%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0158%	4h	0.2478	−0.016%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2476	−0.088%	$646K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0032%	4h	0.2479	+0.024%	$4.5M	$12.9M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2480	+0.049%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2473	−0.218%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2479	+0.012%	$801	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2479	+0.012%	$136K	$620K	10x	as long as short
Popdex WIFUSDTshort	+0.0096%	1h	0.2481	+0.105%	$56K	$497K	20x
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2476	−0.097%	$5K	$1.3M	10x	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	0.2478	long leg	$35K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2481	+0.096%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2480	+0.067%	$18.8M	$111.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2479	+0.024%	$17.0M	$37.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2479	+0.024%	$6.0M	$34.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2479	+0.024%	$22.4M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2480	+0.065%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2477	−0.056%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2475	−0.117%	$77K	$269K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.132%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2486	+0.323%	$284K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2488	+0.387%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2475	−0.137%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2475	−0.117%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	−0.056%	$169K	$748K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2478	−0.001%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2473	−0.212%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0179% / S −0.0043%	1h	0.2478	−0.023%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0187%	1h	0.2481	+0.097%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2476	−0.097%	$326K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.347%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2478	−0.011%	$0	—	15x	as long as short