Settings8H · net · $10k
Funding arb · Price arb /

WLFI

all WLFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.36 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Backpack+0.332%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.332% dearer against Backpack than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack WLFI_USDC_PERP0.057180.0100pay 0.0013% / 1h54m 07s$238K$31K10x
ShortCoinbase International WLFI-PERP-INTX0.057370.0384get 0.0048% / 1h54m 07s$32K$16K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Backpack. 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

Funding earned
$59.64
Price spread: +0.332% → 0.000%
$33.23
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$72.87
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Backpack: live order book, 29 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 29 min ago0.87 bp9.7 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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.

WLFI on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WLFIUSD−0.0704%1h0.05723+0.080%$73K$70K20xas long as short
Lighter WLFI−0.0280%1h0.05710−0.140%$943K$372K5xas long as short
Deribit WLFI_USDC-PERPETUAL−0.0274%1h0.05723+0.087%$10K$62410xas long as short
Aster WLFIUSDT−0.0270%4h0.05721+0.052%$1.6M$567K20xas long as short
Hyperliquid WLFI−0.0017%1h0.05712−0.101%$10.5M$1.2M5xas long as short
dYdX WLFI-USD0.0000%1h0.05719+0.009%$11K$9705xas long as short
Reya WLFIRUSDPERP0.0000%1h0.06046+5.729%as long as short
gTrade (Gains Network) WLFI/USDL +0.0005% / S −0.0005%1h0.05721+0.054%$313150xas long as short
01 Exchange WLFIUSD+0.0016%1h0.05721+0.052%$4K$3193xas long as short
Paradex WLFI-USD-PERP+0.0026%8h0.05720+0.037%$2K$1085xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX WLFI-USDT-SWAP+0.0030%4h0.05713−0.087%$7.5M$12.4M50xas long as short
Injective WLFI/USDC PERP+0.0082%1h0.05716−0.035%$6K$77K5.5xas long as short
Nado WLFI-PERP+0.0100%1h0.057180.000%$79K$31K5xas long as short
Pacifica WLFI+0.0100%1h0.05719+0.021%$243K$10K5xas long as short
Binance WLFIUSDT+0.0100%4h0.057180.000%$136.8M$38.7M75xas long as short
Bybit WLFIUSDT+0.0100%4h0.05711−0.122%$20.5M$17.0M75xas long as short
Arcus WLFI-USD+0.0100%1h0.05724+0.105%$1K$105xas long as short
Gate WLFI_USDT+0.0100%4h0.05715−0.052%$3.4M$2.8M75xas long as short
MEXC WLFI_USDT+0.0100%4h0.05714−0.070%$14.9M$21.1M100xas long as short
KuCoin WLFIUSDTM+0.0100%4h0.05719+0.017%$3.3M$1.0M75xas long as short
Bitget WLFIUSDT+0.0100%4h0.05715−0.052%$8.0M$3.1M75xas long as short
BingX WLFI-USDT+0.0100%4h0.05716−0.035%$7.2Mas long as short
Backpack WLFI_USDC_PERPlong+0.0100%1h0.05718long leg$238K$31K10x
Variational Omni WLFI+0.0100%4h0.05708−0.175%$441K$30Kas long as short
GRVT WLFI_USDT_Perp+0.0100%4h0.05714−0.075%$272K$1.9M10xas long as short
ApeX Omni WLFIUSDT+0.0100%1h0.05700−0.315%$33K$41K50xas long as short
SunX WLFI-USDT+0.0100%4h0.05730+0.210%$38K$1.7M20xas long as short
SoDEX WLFI-USD+0.0100%1h0.05720+0.035%$119$5K5xas long as short
Extended WLFI-USD+0.0104%1h0.05716−0.043%$132K$490K10xas long as short
GMX WLFI/USD [ETH-USDC]L +0.0252% / S −0.0496%1h0.05723+0.086%$3K100xas long as short
BloFin WLFI-USDT+0.0340%4h0.05717−0.017%$4.7M$74K75xas long as short
Coinbase International WLFI-PERP-INTXshort+0.0384%1h0.05737+0.332%$32K$16K50x