Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.006%

Price spread now: Coinbase International against Bybit−0.830%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$7 a day on $10k at the current rate, and Coinbase International is 0.830% cheaper against Bybit than usual: you would sell low and buy high (−$83 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	Bybit WLFIUSDT	0.05785	0.0100	pay 0.0050% / 4h	2h 56m	$21.2M	$19.3M	75x
Short	Coinbase International WLFI-PERP-INTX	0.05737	−0.0144	pay 0.0018% / 1h	56m 19s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.830%Rate

Funding earned: −$51.24
Price spread: −0.830% → 0.000%: −$82.97
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$155.21
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.87 bp	10.1 bp −$10	39.3 bp −$393	doesn't fit	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
Coinbase International WLFI-PERP-INTXshort	−0.0144%	1h	0.05737	−0.830%	$32K	$15K	50x
Lighter WLFI	0.0000%	1h	0.05781	−0.069%	$1.0M	$453K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05786	+0.026%	$11K	$947	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.506%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05789	+0.078%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.193%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0097%	8h	0.05785	+0.004%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05786	+0.026%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05786	+0.024%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05785	+0.008%	$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	+0.047%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05792	+0.114%	$139.7M	$42.4M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05785	long leg	$21.2M	$19.3M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05787	+0.035%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05789	+0.067%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05788	+0.052%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05790	+0.086%	$13.8M	$20.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05789	+0.069%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05786	+0.017%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05788	+0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05795	+0.173%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05766	−0.320%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05773	−0.206%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.259%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.086%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05790	+0.086%	$94	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05786	+0.016%	$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	+0.156%	$526	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05787	+0.028%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05797	+0.207%	$4.7M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05795	+0.167%	$97K	$91K	20x	as long as short