Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against BingX−0.099%7-day average — · you buy dearer than you sell

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

Long on BingX Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDC	0.05770	0.0100	pay 0.0050% / 4h	2h 23m	—	$2.3M	—
Short	gTrade (Gains Network) WLFI/USD	0.05764	L +0.0005% / S −0.0005%	get 0.0001% / 1h	23m 13s	$315	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.099%Rate

Funding earned: −$20.02
Price spread: −0.099% → 0.000%: −$9.88
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$49.9
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; gTrade (Gains Network): 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 BingX live order book, 5 min ago	2.61 bp	21.2 bp −$21	76.9 bp −$769	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 31 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	−0.0329%	1h	0.05766	−0.070%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0072%	1h	0.05760	−0.173%	$1.0M	$408K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.572%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05762	−0.133%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.777%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDshort	L +0.0005% / S −0.0005%	1h	0.05764	−0.099%	$315	—	150x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.936%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0055%	4h	0.05766	−0.073%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05759	−0.185%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0088%	1h	0.05762	−0.139%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05769	−0.017%	$524	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05756	−0.234%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05768	−0.029%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05757	−0.220%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05767	−0.055%	$138.3M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05763	−0.121%	$21.1M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05764	−0.104%	$7.7M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05764	−0.107%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05772	+0.035%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05764	−0.104%	$14.9M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05772	+0.035%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDClong	+0.0100%	4h	0.05770	long leg	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05766	−0.069%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05762	−0.146%	$450K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	0.000%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	0.000%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	0.000%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.087%	$122	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05760	−0.165%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	−0.116%	$3K	—	100x	as long as short