Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Backpack against BingX0.000%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now 0.000%, 7d avg +0.019%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX WLFI-USDC | 0.05745 | 0.0100 | pay 0.0050% / 4h | 33m 45s | — | $2.3M | — |
| Short | Backpack WLFI_USDC_PERP | 0.05745 | 0.0100 | get 0.0013% / 1h | 33m 45s | $239K | $29K | 10x |
BingX WLFI-USDC
Backpack WLFI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: 0.000% → +0.019%
- −$1.89
- Slippage, 4 orders
- −$34.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$56.71
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Backpack: live order book, 44 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 BingX live order book, 14 min ago | 1.74 bp | 20.1 bp −$20 | 69.0 bp −$690 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 44 min ago | 0.87 bp | 11.7 bp −$12 | doesn't fit | 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 | −0.0434% | 1h | 0.05746 | +0.015% | $73K | $59K | 20x | as long as short |
| Aster WLFIUSDT | −0.0115% | 4h | 0.05744 | −0.017% | $1.6M | $581K | 20x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05747 | +0.032% | $11K | $970 | 5x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06045 | +5.227% | — | — | — | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05747 | +0.038% | $314 | — | 150x | as long as short |
| Injective WLFI/USDC PERP | +0.0033% | 1h | 0.05716 | −0.505% | $6K | $77K | 5.5x | as long as short |
| Paradex WLFI-USD-PERP | +0.0070% | 8h | 0.05749 | +0.077% | $2K | $108 | 5x | as long as short |
| OKX WLFI-USDT-SWAP | +0.0094% | 4h | 0.05743 | −0.035% | $7.5M | $12.7M | 50x | as long as short |
| Lighter WLFI | +0.0096% | 1h | 0.05740 | −0.087% | $963K | $387K | 5x | as long as short |
| Deribit WLFI_USDC-PERPETUAL | +0.0098% | 1h | 0.05749 | +0.070% | $522 | $11K | 10x | as long as short |
Kraken Futures PF_WLFIUSD
Aster WLFIUSDT
dYdX WLFI-USD
Reya WLFIRUSDPERP
gTrade (Gains Network) WLFI/USD
Injective WLFI/USDC PERP
Paradex WLFI-USD-PERP
OKX WLFI-USDT-SWAP
Lighter WLFI
Deribit WLFI_USDC-PERPETUALShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado WLFI-PERP | +0.0100% | 1h | 0.05743 | −0.026% | $79K | $27K | 5x | as long as short |
| Hyperliquid WLFI | +0.0100% | 1h | 0.05743 | −0.035% | $10.5M | $1.3M | 5x | as long as short |
| Pacifica WLFI | +0.0100% | 1h | 0.05745 | −0.009% | $246K | $13K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05747 | +0.028% | $137.6M | $39.5M | 75x | as long as short |
| Bybit WLFIUSDT | +0.0100% | 4h | 0.05742 | −0.052% | $21.0M | $17.4M | 75x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05750 | +0.082% | $1K | $753 | 5x | as long as short |
| Gate WLFI_USDT | +0.0100% | 4h | 0.05743 | −0.035% | $3.4M | $2.8M | 75x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05744 | −0.017% | $15.1M | $21.2M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05746 | +0.017% | $3.3M | $1.1M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05743 | −0.035% | $8.0M | $3.1M | 75x | as long as short |
| BingX WLFI-USDClong | +0.0100% | 4h | 0.05745 | long leg | — | $2.3M | — | |
| Backpack WLFI_USDC_PERPshort | +0.0100% | 1h | 0.05745 | 0.000% | $239K | $29K | 10x | |
| Variational Omni WLFI | +0.0100% | 4h | 0.05738 | −0.125% | $444K | $31K | — | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05742 | −0.053% | $275K | $1.9M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05740 | −0.087% | $33K | $42K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05750 | +0.087% | $38K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05747 | +0.035% | $114 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05741 | −0.061% | $133K | $490K | 10x | as long as short |
| 01 Exchange WLFIUSD | +0.0128% | 1h | 0.05745 | 0.000% | $4K | $319 | 3x | as long as short |
| GMX WLFI/USD [ETH-USDC] | L +0.0252% / S −0.0496% | 1h | 0.05744 | −0.014% | $3K | — | 100x | as long as short |
| BloFin WLFI-USDT | +0.0340% | 4h | 0.05745 | 0.000% | $4.7M | $72K | 75x | as long as short |
| Coinbase International WLFI-PERP-INTX | +0.0368% | 1h | 0.05737 | −0.139% | $32K | $16K | 50x | as long as short |
Nado WLFI-PERP
Hyperliquid WLFI
Pacifica WLFI
Binance WLFIUSDT
Bybit WLFIUSDT
Arcus WLFI-USD
Gate WLFI_USDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
Variational Omni WLFI
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
01 Exchange WLFIUSD
GMX WLFI/USD [ETH-USDC]
BloFin WLFI-USDT
Coinbase International WLFI-PERP-INTX