Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.159%

Price spread now: Aster against Reya+0.371%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.371% dearer against Reya than usual: you sell high and buy low (spread +0.371% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2482	0.0558	pay 0.0070% / 1h	29m 48s	$0	—	15x
Short	Aster WIFUSDT	0.2491	0.0100	get 0.0050% / 4h	3h 29m	$25K	$274K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.371%Rate

Funding earned: −$96.11
Price spread: +0.371% → 0.000%: $37.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$73
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Aster: live order book, 42 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 42 min ago	6.18 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit

Reya: 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
Backpack WIF_USDC_PERP	−0.0321%	1h	0.2489	+0.285%	$76K	$255K	10x	as long as short
Gate WIF_USDT	−0.0158%	4h	0.2489	+0.277%	$1.2M	$7.1M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0152%	1h	0.2486	+0.156%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0026%	4h	0.2489	+0.277%	$4.4M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2488	+0.221%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2487	+0.176%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.488%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2488	+0.233%	$655K	$2.2M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2487	+0.197%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2489	+0.261%	$142K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2484	+0.076%	$56K	$484K	20x	as long as short
Aster WIFUSDTshort	+0.0100%	4h	0.2491	+0.371%	$25K	$274K	10x
Pacifica WIF	+0.0100%	1h	0.2489	+0.281%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2492	+0.384%	$19.1M	$107.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2490	+0.317%	$17.1M	$36.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2489	+0.277%	$6.0M	$33.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2492	+0.398%	$22.5M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	+0.358%	$7.7M	$12.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2491	+0.358%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	+0.201%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2497	+0.603%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2490	+0.317%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2481	−0.045%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2486	+0.156%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	+0.197%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2489	+0.296%	$11K	$151K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2486	+0.175%	$83K	$85	3x	as long as short
Hyperliquid WIF	+0.0186%	1h	0.2495	+0.531%	$7.9M	$4.3M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2487	+0.184%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2491	+0.358%	$335K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2492	+0.398%	$1.0M	$746K	75x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2482	long leg	$0	—	15x