Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.027%

Price spread now: Injective against BloFin−0.695%7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 Injective is 0.695% cheaper against BloFin than usual: you would sell low and buy high (−$69 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05756	0.0340	pay 0.0170% / 4h	47m 55s	$4.7M	$70K	75x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	47m 55s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.695%Rate

Funding earned: −$64.4
Price spread: −0.695% → 0.000%: −$69.49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$145.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Injective: 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, 6 min ago	0.87 bp	17.4 bp −$17	27.1 bp −$271	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0433%	1h	0.05757	+0.023%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0157%	4h	0.05753	−0.052%	$1.6M	$582K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05757	+0.018%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.026%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05754	−0.027%	$315	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−0.695%	$6K	$77K	5.5x
Paradex WLFI-USD-PERP	+0.0060%	8h	0.05759	+0.057%	$2K	$108	5x	as long as short
OKX WLFI-USDT-SWAP	+0.0068%	4h	0.05751	−0.087%	$7.5M	$12.7M	50x	as long as short
Lighter WLFI	+0.0088%	1h	0.05748	−0.139%	$965K	$387K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05758	+0.035%	$523	$11K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05753	−0.043%	$79K	$30K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05752	−0.075%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05754	−0.030%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05756	+0.009%	$137.9M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05750	−0.104%	$21.0M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05761	+0.085%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05753	−0.052%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05756	0.000%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05754	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05753	−0.052%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05754	−0.035%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05755	−0.017%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.073%	$444K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05762	+0.102%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.104%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.069%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05756	0.000%	$129	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05750	−0.096%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05758	+0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	−0.028%	$3K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05756	long leg	$4.7M	$70K	75x
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.330%	$32K	$16K	50x	as long as short