Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.026%

Price spread now: Deribit against BloFin−0.053%57s7-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 Deribit

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 −$10 a day on $10k at the current rate, and Deribit is 0.053% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	0.05709	0.0340	pay 0.0170% / 4h	1h 29m	$4.7M	$76K	75x
Short	Deribit WLFI_USDC-PERPETUAL	0.05706	0	get 0.0000% / 1h	29m 29s	$9K	$624	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$71.4
Price spread: −0.053% → 0.000%: −$5.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$95.65
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Deribit: 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, 4 min ago	1.75 bp	16.4 bp −$16	30.6 bp −$306	135.2 bp −$13.5K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Kraken Futures PF_WLFIUSD	−0.0706%	1h	0.05704	−0.093%	$73K	$70K	20x	as long as short
Aster WLFIUSDT	−0.0326%	4h	0.05707	−0.035%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0232%	1h	0.05701	−0.140%	$945K	$375K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0012%	4h	0.05703	−0.105%	$7.4M	$12.5M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05707	−0.033%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.891%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALshort	0.0000%	1h	0.05706	−0.053%	$9K	$624	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05712	+0.052%	$312	—	150x	as long as short
01 Exchange WLFIUSD	+0.0008%	1h	0.05708	−0.018%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0010%	8h	0.05708	−0.025%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLFI_USDT	+0.0064%	4h	0.05704	−0.088%	$3.4M	$2.8M	75x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	+0.123%	$6K	$77K	5.5x	as long as short
Hyperliquid WLFI	+0.0095%	1h	0.05706	−0.056%	$10.4M	$1.2M	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05699	−0.179%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05703	−0.096%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05704	−0.079%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05709	−0.005%	$136.5M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05701	−0.140%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05710	+0.019%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05710	+0.018%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05710	+0.018%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05703	−0.105%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05705	−0.070%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05704	−0.088%	$237K	$30K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05707	−0.037%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	+0.018%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05710	+0.018%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05705	−0.070%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05702	−0.115%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05705	−0.070%	$3K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05709	long leg	$4.7M	$76K	75x
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.490%	$32K	$16K	50x	as long as short