Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: GRVT against Bitget−0.030%53s7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.726% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.030%, 7d avg +0.089%

Together, before fees+0.265%+ Points / potential airdropGRVT: Active · farm board+$27 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: GRVT is 0.119% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.089%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLFIUSDT	0.05743	0.0100	pay 0.0050% / 4h	28m 40s	$8.0M	$3.1M	75x
Short	GRVT WLFI_USDT_Perp	0.05741	0.0100	get 0.0050% / 4h	28m 40s	$275K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.089%: −$11.91
Slippage, 4 orders: −$51.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$84.54
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago	2.61 bp	13.4 bp −$13	21.8 bp −$218	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	8.69 bp	30.3 bp −$30	127.6 bp −$1,276	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	0.05745	+0.039%	$73K	$57K	20x	as long as short
Aster WLFIUSDT	−0.0085%	4h	0.05745	+0.043%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05747	+0.066%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.265%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05744	+0.018%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.470%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0074%	8h	0.05744	+0.024%	$2K	$108	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05739	−0.070%	$964K	$388K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05747	+0.070%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05742	−0.009%	$79K	$26K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05743	−0.007%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05743	0.000%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05746	+0.045%	$137.6M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05739	−0.070%	$21.0M	$17.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05741	−0.035%	$7.5M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05747	+0.078%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05743	0.000%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05746	+0.052%	$14.9M	$21.2M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05744	+0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTlong	+0.0100%	4h	0.05743	long leg	$8.0M	$3.1M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05742	−0.017%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05744	+0.017%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05741	−0.038%	$445K	$31K	—	as long as short
GRVT WLFI_USDT_Perpshort	+0.0100%	4h	0.05741	−0.030%	$275K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.122%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.122%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05746	+0.052%	$120	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05739	−0.062%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05744	+0.017%	$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	+0.035%	$4.7M	$74K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.104%	$32K	$16K	50x	as long as short