Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: Injective against BingX+0.088%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.088% dearer against BingX than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.035% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDT	0.05711	0.0100	pay 0.0050% / 4h	50m 32s	—	$7.3M	—
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	50m 32s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.088%Rate

Funding earned: −$14
Price spread: +0.088% → 0.000%: $8.76
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$15.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 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 BingX live order book, 2 min ago	1.75 bp	11.4 bp −$11	20.3 bp −$203	76.9 bp −$7,695	466.0 bp −$233.0K
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
Lighter WLFI	−0.0088%	1h	0.05705	−0.105%	$1.0M	$437K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.455%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0045%	4h	0.05710	−0.013%	$1.6M	$574K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05709	−0.027%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.860%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05710	−0.018%	$312	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	+0.088%	$6K	$77K	5.5x
Paradex WLFI-USD-PERP	+0.0080%	8h	0.05709	−0.037%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.044%	$81K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05710	−0.021%	$10.4M	$1.3M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05710	−0.021%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05714	+0.053%	$137.5M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05703	−0.140%	$20.7M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05704	−0.123%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05715	+0.063%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05709	−0.035%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05713	+0.035%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05711	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05710	−0.018%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05711	long leg	—	$7.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05712	+0.018%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05704	−0.131%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05723	+0.214%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.018%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.158%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05713	+0.035%	$116	$5K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05716	+0.088%	$519	$11K	10x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05706	−0.096%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05712	+0.018%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05715	+0.075%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05713	+0.032%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05717	+0.105%	$4.8M	$84K	75x	as long as short