Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Backpack against Bitget0.000%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now 0.000%, 7d avg +0.010%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLFIUSDT	0.05756	0.0100	pay 0.0050% / 4h	3h 20m	$8.0M	$3.2M	75x
Short	Backpack WLFI_USDC_PERP	0.05756	0.0100	get 0.0013% / 1h	20m 45s	$239K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.010%: −$0.96
Slippage, 4 orders: −$22.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$45.07
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Backpack: live order book, 52 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 Bitget live order book, 3 min ago	2.61 bp	14.4 bp −$14	26.8 bp −$268	doesn't fit	doesn't fit
Sell Backpack live order book, 52 min ago	0.87 bp	8.4 bp −$8	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	−0.0109%	1h	0.05756	+0.005%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.045%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.029%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05758	+0.035%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05757	+0.022%	$315	—	150x	as long as short
Lighter WLFI	+0.0008%	1h	0.05749	−0.122%	$991K	$398K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.695%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0062%	4h	0.05756	−0.002%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0088%	8h	0.05753	−0.050%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05756	+0.009%	$10.5M	$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	0.05753	−0.052%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05759	+0.050%	$138.0M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05752	−0.069%	$21.0M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05754	−0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05758	+0.030%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05756	0.000%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05758	+0.035%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05758	+0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTlong	+0.0100%	4h	0.05756	long leg	$8.0M	$3.2M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05756	0.000%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05756	0.000%	$239K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.095%	$442K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05751	−0.087%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.069%	$33K	$41K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05754	−0.043%	$80K	$25K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.069%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05758	+0.035%	$109	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05755	−0.016%	$133K	$560K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05755	−0.017%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.330%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	−0.024%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05761	+0.087%	$4.7M	$78K	75x	as long as short