Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.037%
Price spread now: Bybit against BloFin−0.224%62s7-day average −0.072% · 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−$450.448% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.224%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.153% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 62 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 | BloFin WLFI-USDT | 0.05797 | 0.0340 | pay 0.0170% / 4h | 2h 56m | $4.7M | $87K | 75x |
| Short | Bybit WLFIUSDT | 0.05784 | 0.0100 | get 0.0050% / 4h | 2h 56m | $21.2M | $19.3M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.224% → −0.072%
- −$15.28
- Slippage, 4 orders
- −$21.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.5
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 2 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 BloFin live order book, 2 min ago | 0.87 bp | 13.6 bp −$14 | 23.8 bp −$238 | 70.7 bp −$7,068 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.87 bp | 11.3 bp −$11 | 34.2 bp −$342 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International WLFI-PERP-INTX | −0.0144% | 1h | 0.05737 | −1.035% | $32K | $15K | 50x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05786 | −0.181% | $11K | $947 | 5x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06046 | +4.290% | — | — | — | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05789 | −0.130% | $317 | — | 150x | as long as short |
| Injective WLFI/USDC PERP | +0.0033% | 1h | 0.05716 | −1.397% | $6K | $77K | 5.5x | as long as short |
| Lighter WLFI | +0.0064% | 1h | 0.05782 | −0.259% | $1.0M | $453K | 5x | as long as short |
| Paradex WLFI-USD-PERP | +0.0097% | 8h | 0.05785 | −0.203% | $2K | $118 | 5x | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05786 | −0.181% | $82K | $23K | 5x | as long as short |
| Hyperliquid WLFI | +0.0100% | 1h | 0.05786 | −0.188% | $10.6M | $1.3M | 5x | as long as short |
| Aster WLFIUSDT | +0.0100% | 4h | 0.05785 | −0.204% | $1.6M | $583K | 20x | 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 | 0.05788 | −0.160% | $247K | $14K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05792 | −0.088% | $139.7M | $42.4M | 75x | as long as short |
| Bybit WLFIUSDTshort | +0.0100% | 4h | 0.05784 | −0.224% | $21.2M | $19.3M | 75x | |
| OKX WLFI-USDT-SWAP | +0.0100% | 4h | 0.05786 | −0.190% | $7.7M | $13.5M | 50x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05789 | −0.140% | $7K | $8K | 5x | as long as short |
| Gate WLFI_USDT | +0.0100% | 4h | 0.05788 | −0.155% | $3.5M | $3.0M | 75x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05790 | −0.121% | $13.8M | $20.3M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05787 | −0.173% | $3.3M | $1.1M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05785 | −0.207% | $7.9M | $3.5M | 75x | as long as short |
| BingX WLFI-USDC | +0.0100% | 4h | 0.05779 | −0.311% | — | $2.3M | — | as long as short |
| Backpack WLFI_USDC_PERP | +0.0100% | 1h | 0.05790 | −0.121% | $241K | $26K | 10x | as long as short |
| Variational Omni WLFI | +0.0100% | 4h | 0.05766 | −0.526% | $450K | $40K | — | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05773 | −0.413% | $276K | $1.8M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05770 | −0.466% | $33K | $38K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05790 | −0.121% | $39K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05790 | −0.121% | $94 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05786 | −0.191% | $133K | $695K | 10x | as long as short |
| 01 Exchange WLFIUSD | +0.0176% | 1h | 0.05791 | −0.104% | $4K | $319 | 3x | as long as short |
| Deribit WLFI_USDC-PERPETUAL | +0.0268% | 1h | 0.05794 | −0.052% | $526 | $11K | 10x | as long as short |
| GMX WLFI/USD [ETH-USDC] | L +0.0298% / S −0.1279% | 1h | 0.05787 | −0.179% | $7K | — | 100x | as long as short |
| BloFin WLFI-USDTlong | +0.0340% | 4h | 0.05797 | long leg | $4.7M | $87K | 75x | |
| Kraken Futures PF_WLFIUSD | +0.0379% | 1h | 0.05795 | −0.040% | $97K | $91K | 20x | as long as short |
BloFin WLFI-USDT
Bybit WLFIUSDT
Coinbase International WLFI-PERP-INTX
gTrade (Gains Network) WLFI/USD
Injective WLFI/USDC PERP
Lighter WLFI
Paradex WLFI-USD-PERP
Hyperliquid WLFI
Aster WLFIUSDT
Pacifica WLFI
Binance WLFIUSDT
OKX WLFI-USDT-SWAP
Gate WLFI_USDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDC
Backpack WLFI_USDC_PERP
Variational Omni WLFI
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
01 Exchange WLFIUSD
Deribit WLFI_USDC-PERPETUAL
GMX WLFI/USD [ETH-USDC]
Kraken Futures PF_WLFIUSD