WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Backpack−0.087%72s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.087% cheaper against Backpack than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 27 days of funding at the current rate ($0 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

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 25s	$238K	$27K	10x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	53m 25s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.087%Rate

Funding earned: $2.27
Price spread: −0.087% → 0.000%: −$8.74
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$16.49
Costs to cover: 0.100%
Break-even: 57.8 days

Slippage unknown: Backpack: live order book, 15 min ago; Injective: 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, 15 min ago	0.87 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0331%	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	0.05733	+0.206%	$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 PERPshort	+0.0033%	1h	0.05716	−0.087%	$6K	$77K	5.5x
Paradex WLFI-USD-PERP	+0.0073%	8h	0.05722	+0.020%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05731	+0.175%	$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	+0.232%	$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	0.05732	+0.192%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05732	+0.192%	$15.1M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05729	+0.140%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05727	+0.105%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05730	+0.157%	—	$7.3M	—	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
Nado WLFI-PERP	+0.0100%	1h	0.05726	+0.079%	$79K	$24K	5x	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-USD	+0.0104%	1h	0.05726	+0.091%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	+0.227%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05719	−0.035%	$4.7M	$78K	75x	as long as short