Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.085%

Price spread now: Aster against Deribit+0.062%7-day average +0.019% · 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−$56as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.496%+$50 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.062%, 7d avg +0.019%

Together, before fees+0.304%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.044% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2560	0	get 0.0000% / 1h	49m 50s	$46K	$256K	25x
Short	Aster WIFUSDT	0.2562	0.0100	get 0.0050% / 4h	3h 49m	$41K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.062%Rate

Funding earned: $21
Price spread: +0.062% → +0.019%: $4.36
Slippage, 4 orders: −$45.56
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.2
Costs to cover: 0.606%
Break-even: 18.7 days

Slippage from Deribit: live order book, 4 min ago; Aster: live order book, 2 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 Deribit live order book, 4 min ago	3.91 bp	7.4 bp −$7	17.0 bp −$170	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	9.71 bp	19.2 bp −$19	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
BloFin WIF-USDT	−0.0214%	4h	0.2565	+0.195%	$1.0M	$909K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2563	+0.136%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	0.0000%	1h	0.2560	long leg	$46K	$256K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2560	+0.012%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2542	−0.703%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2563	+0.102%	$148K	$636K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2561	+0.039%	$51K	$550K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2562	+0.062%	$41K	$303K	10x
Pacifica WIF	+0.0100%	1h	0.2565	+0.180%	$79K	$62K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2561	+0.039%	$20.0M	$124.3M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2558	−0.078%	$17.4M	$41.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2558	−0.078%	$6.2M	$38.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2561	+0.039%	$1.2M	$8.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2560	0.000%	$23.7M	$11.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2559	−0.039%	$4.5M	$14.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2560	0.000%	$7.8M	$14.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2560	0.000%	—	$23.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2560	+0.004%	$79K	$302K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2569	+0.354%	$97K	$83K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2553	−0.268%	$287K	$2.4M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2560	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2557	−0.117%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2560	+0.016%	$596	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2561	+0.039%	$170K	$712K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2559	−0.057%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2561	+0.039%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0122% / S −0.0005%	1h	0.2560	−0.009%	$8K	—	100x	as long as short
ApeX Omni WIFUSDT	+0.0149%	1h	0.2551	−0.352%	$47K	$624K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2569	+0.352%	$353K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0359%	1h	0.2562	+0.089%	$666K	$2.3M	50x	as long as short
Hyperliquid WIF	+0.0451%	1h	0.2566	+0.219%	$8.4M	$5.0M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2560	−0.016%	$1	—	15x	as long as short