Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.002%

Price spread now: Aster against Kraken Futures−0.166%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.166%, 7d avg −0.042%

Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.124% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2496	0.0260	pay 0.0032% / 1h	17m 19s	$648K	$2.3M	50x
Short	Aster WIFUSDT	0.2492	0.0100	get 0.0050% / 4h	17m 19s	$33K	$284K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$33.55
Price spread: −0.166% → −0.042%: −$12.45
Slippage, 4 orders: −$73.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$137.8
Costs to cover: 0.918%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 40 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 Kraken Futures live order book, 1 min ago	10.07 bp	26.6 bp −$27	67.2 bp −$672	doesn't fit	doesn't fit
Sell Aster live order book, 40 min ago	10.01 bp	24.2 bp −$24	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	−0.0186%	4h	0.2486	−0.410%	$997K	$830K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0129%	1h	0.2483	−0.534%	$76K	$293K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2491	−0.228%	$19K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2496	+0.005%	$807	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.051%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2491	−0.209%	$138K	$631K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2495	−0.049%	$57K	$497K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2492	−0.166%	$33K	$284K	10x
Pacifica WIF	+0.0100%	1h	0.2491	−0.220%	$78K	$60K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2497	+0.031%	$18.9M	$119.0M	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	0.2495	−0.041%	$17.0M	$40.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2496	−0.009%	$6.0M	$36.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2495	−0.049%	$1.2M	$7.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2494	−0.089%	$23.0M	$11.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	−0.129%	$4.5M	$14.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2496	−0.009%	$7.6M	$13.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2495	−0.049%	—	$23.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2480	−0.648%	$86K	$79K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2480	−0.650%	$276K	$2.3M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2483	−0.530%	$45K	$625K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2495	−0.049%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2491	−0.209%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	−0.029%	$582	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	−0.650%	$166K	$699K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2494	−0.076%	$9K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2496	−0.027%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0131% / S −0.0011%	1h	0.2497	+0.013%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0151%	1h	0.2497	+0.031%	$45K	$256K	25x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0260%	1h	0.2496	long leg	$648K	$2.3M	50x
Hyperliquid WIF	+0.0304%	1h	0.2500	+0.139%	$8.2M	$4.9M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2499	+0.111%	$329K	$2.8M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2495	−0.065%	$0	—	15x	as long as short