WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0396%/8h= +43.3% APRnext payment +$0.49 per $10,000 · paid last 24h +4.316%

Price spread now: GMX against Backpack−0.059%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.059% cheaper against Backpack than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05726	0.0100	pay 0.0013% / 1h	6m 23s	$238K	$28K	10x
Short	GMX WLFI/USD [ETH-USDC]	0.05723	L +0.0252% / S −0.0496%	get 0.0062% / 1h	6m 23s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $83.13
Price spread: −0.059% → 0.000%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.19
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: Backpack: live order book, 7 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 7 min ago	0.87 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WLFIUSD	−0.0436%	1h	0.05722	−0.061%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0059%	4h	0.05726	+0.007%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	+0.036%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.577%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05724	−0.035%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05723	−0.053%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.175%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0064%	1h	0.05720	−0.105%	$965K	$394K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05730	+0.070%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05723	−0.052%	$4K	$319	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05720	−0.101%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05724	−0.026%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05724	−0.026%	$137.1M	$40.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05718	−0.140%	$20.8M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05719	−0.122%	$7.5M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05727	+0.010%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05722	−0.070%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05722	−0.070%	$14.5M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05725	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05720	−0.105%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05722	−0.070%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05726	long leg	$238K	$28K	10x
Variational Omni WLFI	+0.0100%	4h	0.05715	−0.197%	$443K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05728	+0.038%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.070%	$33K	$42K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05723	−0.052%	$79K	$26K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.070%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05722	−0.070%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05717	−0.159%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0252% / S −0.0496%	1h	0.05723	−0.059%	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05725	−0.017%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.192%	$32K	$16K	50x	as long as short