Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.045%

Price spread now: Extended against BloFin−0.159%74s7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$630.635% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.159%, 7d avg −0.108%

Together, before fees−0.490%+ Points / potential airdropExtended: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.108%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05751	0.0340	pay 0.0170% / 4h	3h 03m	$4.8M	$98K	75x
Short	Extended WLFI-USD	0.05742	0.0104	get 0.0013% / 1h	3m 57s	$172K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$49.56
Price spread: −0.159% → −0.108%: −$5.06
Slippage, 4 orders: −$46.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$118.08
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 4 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, 5 min ago	2.61 bp	13.6 bp −$14	15.8 bp −$158	62.3 bp −$6,231	doesn't fit
Sell Extended live order book, 4 min ago	2.61 bp	17.9 bp −$18	94.5 bp −$945	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	−0.0536%	1h	0.05732	−0.330%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0104%	1h	0.05747	−0.070%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.122%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05743	−0.138%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.609%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0061%	1h	0.05746	−0.087%	$10K	$4K	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05740	−0.191%	$1.1M	$476K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05748	−0.052%	$522	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05742	−0.149%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05742	−0.156%	$83K	$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	−0.141%	$10.5M	$1.2M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05744	−0.120%	$1.6M	$549K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05742	−0.151%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05747	−0.070%	$138.4M	$44.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05742	−0.156%	$21.2M	$19.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05741	−0.174%	$7.7M	$14.1M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05744	−0.123%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05743	−0.139%	$3.4M	$3.3M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05747	−0.070%	$13.7M	$20.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05747	−0.070%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05742	−0.156%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05744	−0.122%	—	$7.5M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05744	−0.122%	$234K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05745	−0.112%	$448K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.022%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.017%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	−0.017%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05746	−0.087%	$104	$5K	5x	as long as short
Extended WLFI-USDshort	+0.0104%	1h	0.05742	−0.159%	$172K	$1.0M	10x
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05744	−0.117%	$7K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05751	long leg	$4.8M	$98K	75x
Kraken Futures PF_WLFIUSD	+0.2350%	1h	0.05768	+0.299%	$98K	$99K	20x	as long as short