Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0396%/8h= +43.3% APRpaid last 24h +4.312%

Price spread now: GMX against Binance−0.032%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.032% cheaper against Binance than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 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	Binance WLFIUSDT	0.05755	0.0100	pay 0.0050% / 4h	52m 19s	$137.9M	$39.6M	75x
Short	GMX WLFI/USD [ETH-USDC]	0.05753	L +0.0252% / S −0.0496%	get 0.0062% / 1h	52m 19s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $83.13
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $57.95
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	0.87 bp	11.3 bp −$11	23.3 bp −$233	103.3 bp −$10.3K	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	−0.0433%	1h	0.05755	−0.009%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0177%	4h	0.05753	−0.038%	$1.6M	$581K	20x	as long as short
Lighter WLFI	−0.0016%	1h	0.05747	−0.139%	$964K	$386K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05752	−0.050%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.045%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05756	+0.017%	$522	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05752	−0.053%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.678%	$6K	$77K	5.5x	as long as short
OKX WLFI-USDT-SWAP	+0.0056%	4h	0.05749	−0.105%	$7.5M	$12.7M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0057%	8h	0.05756	+0.013%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0096%	1h	0.05755	0.000%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05750	−0.087%	$79K	$30K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05749	−0.106%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05752	−0.054%	$244K	$10K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05755	long leg	$137.9M	$39.6M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05748	−0.122%	$21.0M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05758	+0.059%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05751	−0.070%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05752	−0.053%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05755	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05749	−0.105%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05748	−0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05754	−0.018%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.057%	$445K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05761	+0.104%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.086%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.086%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05754	−0.018%	$127	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05748	−0.124%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0252% / S −0.0496%	1h	0.05753	−0.032%	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05759	+0.069%	$4.7M	$70K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.313%	$32K	$16K	50x	as long as short