WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against Backpack+0.091%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.091%, 7d avg −0.044%

Together, before fees+0.122%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.134% dearer against Backpack than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05721	0.0023	pay 0.0003% / 1h	53m 39s	$238K	$27K	10x
Short	Extended WLFI-USD	0.05726	0.0104	get 0.0013% / 1h	53m 39s	$133K	$489K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BackpackbpFee ExtendedbpOrdersPrice spread, now +0.091%Rate

Funding earned: $17.11
Price spread: +0.091% → −0.044%: $13.44
Slippage, 4 orders: −$42.45
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.89
Costs to cover: 0.575%
Break-even: 18.0 days

Slippage from Backpack: live order book, 15 min ago; Extended: live order book, 14 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 Backpack live order book, 15 min ago	0.87 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 14 min ago	4.34 bp	19.6 bp −$20	127.3 bp −$1,273	doesn't fit	doesn't fit

WLFI 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
Kraken Futures PF_WLFIUSD	−0.0331%	1h	0.05725	+0.062%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0192%	1h	0.05722	+0.017%	$990K	$402K	5x	as long as short
ApeX Omni WLFIUSDT	−0.0056%	1h	0.05730	+0.157%	$33K	$41K	50x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.280%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	+0.124%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.672%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05719	−0.035%	$519	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05718	−0.054%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0016%	1h	0.05733	+0.210%	$4K	$319	3x	as long as short
Backpack WLFI_USDC_PERPlong	+0.0023%	1h	0.05721	long leg	$238K	$27K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0027%	4h	0.05730	+0.157%	$1.6M	$589K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.087%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0073%	8h	0.05722	+0.020%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05713	−0.131%	$79K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05722	+0.017%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05725	+0.073%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.227%	$137.3M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05730	+0.157%	$20.9M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05731	+0.175%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	+0.231%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05730	+0.157%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05730	+0.157%	$15.0M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05724	+0.052%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	+0.122%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05730	+0.157%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05712	−0.164%	$442K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	−0.017%	$275K	$1.8M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.017%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05723	+0.035%	$126	$5K	5x	as long as short
Extended WLFI-USDshort	+0.0104%	1h	0.05726	+0.091%	$133K	$489K	10x
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	−0.101%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05719	−0.035%	$4.7M	$78K	75x	as long as short