Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX0.000%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.012%−$1 · spread now 0.000%, 7d avg +0.032%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDC	0.05730	0.0100	pay 0.0050% / 4h	2h 53m	—	$2.3M	—
Short	Gate WLFI_USDT	0.05730	0.0100	get 0.0050% / 4h	2h 53m	$3.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.032%: −$3.24
Slippage, 4 orders: −$51.12
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.36
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 4 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, 9 min ago	2.61 bp	18.0 bp −$18	68.3 bp −$683	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.49 bp	15.7 bp −$16	39.3 bp −$393	71.6 bp −$7,156	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	−0.0331%	1h	0.05725	−0.096%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0192%	1h	0.05722	−0.140%	$990K	$402K	5x	as long as short
ApeX Omni WLFIUSDT	−0.0056%	1h	0.05730	0.000%	$33K	$41K	50x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.122%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	−0.033%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.506%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05719	−0.192%	$519	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05718	−0.211%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0016%	1h	0.05733	+0.052%	$4K	$319	3x	as long as short
Backpack WLFI_USDC_PERP	+0.0023%	1h	0.05721	−0.157%	$238K	$27K	10x	as long as short

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	0.000%	$1.6M	$589K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.244%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0073%	8h	0.05722	−0.137%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05713	−0.288%	$79K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05722	−0.140%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05725	−0.084%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.069%	$137.3M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05730	0.000%	$20.9M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05731	+0.017%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	+0.073%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05730	0.000%	$3.5M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05730	0.000%	$15.0M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05724	−0.105%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	−0.035%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDClong	+0.0100%	4h	0.05730	long leg	—	$2.3M	—
Variational Omni WLFI	+0.0100%	4h	0.05712	−0.321%	$442K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	−0.175%	$275K	$1.8M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.175%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05723	−0.122%	$126	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05726	−0.067%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	−0.258%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05719	−0.192%	$4.7M	$78K	75x	as long as short