Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.023%

Price spread now: Coinbase International against BloFin−0.778%58s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.778% cheaper against BloFin than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	0.05782	0.0340	pay 0.0170% / 4h	3h 53m	$4.8M	$87K	75x
Short	Coinbase International WLFI-PERP-INTX	0.05737	0.0048	get 0.0006% / 1h	53m 56s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.778%Rate

Funding earned: −$61.32
Price spread: −0.778% → 0.000%: −$77.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$161.15
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Coinbase International: 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 BloFin live order book, 5 min ago	2.60 bp	16.9 bp −$17	23.8 bp −$238	80.4 bp −$8,039	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Aster WLFIUSDT	−0.0007%	4h	0.05767	−0.253%	$1.6M	$577K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05771	−0.182%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.560%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	−0.233%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.141%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTXshort	+0.0048%	1h	0.05737	−0.778%	$32K	$15K	50x
Lighter WLFI	+0.0080%	1h	0.05764	−0.311%	$1.0M	$446K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0092%	8h	0.05772	−0.172%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05772	−0.173%	$524	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05769	−0.216%	$82K	$24K	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	0.05766	−0.277%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05772	−0.166%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05775	−0.121%	$139.2M	$41.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05769	−0.225%	$21.1M	$18.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.225%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	−0.128%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05767	−0.259%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05775	−0.121%	$13.4M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05772	−0.173%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05770	−0.208%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05770	−0.208%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05769	−0.225%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05770	−0.208%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−0.208%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.380%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	−0.208%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	−0.208%	$107	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05766	−0.279%	$133K	$482K	10x	as long as short
01 Exchange WLFIUSD	+0.0152%	1h	0.05775	−0.121%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05765	−0.285%	$3K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05774	−0.137%	$100K	$87K	20x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05782	long leg	$4.8M	$87K	75x