Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.299%

Price spread now: dYdX against Bybit+0.202%50s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

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

The price spread pays, funding is against you. dYdX is 0.202% dearer against Bybit than usual: you sell high and buy low (spread +0.202% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days. The two prices were read 50 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	Bybit WLFIUSDT	0.05701	0.0100	pay 0.0050% / 4h	1h 29m	$20.5M	$17.0M	75x
Short	dYdX WLFI-USD	0.05713	0	get 0.0000% / 1h	29m 45s	$11K	$970	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$21
Price spread: +0.202% → 0.000%: $20.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$21.78
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; dYdX: 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, 4 min ago	0.88 bp	8.1 bp −$8	30.5 bp −$305	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	+0.047%	$73K	$70K	20x	as long as short
Aster WLFIUSDT	−0.0322%	4h	0.05707	+0.105%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0232%	1h	0.05699	−0.035%	$945K	$375K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0012%	4h	0.05702	+0.018%	$7.4M	$12.5M	50x	as long as short
dYdX WLFI-USDshort	0.0000%	1h	0.05713	+0.202%	$11K	$970	5x
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+6.040%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05706	+0.088%	$9K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05708	+0.115%	$312	—	150x	as long as short
01 Exchange WLFIUSD	+0.0008%	1h	0.05705	+0.070%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0009%	8h	0.05705	+0.072%	$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	+0.0062%	4h	0.05703	+0.035%	$3.4M	$2.8M	75x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	+0.263%	$6K	$77K	5.5x	as long as short
Hyperliquid WLFI	+0.0095%	1h	0.05703	+0.030%	$10.4M	$1.2M	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05699	−0.039%	$441K	$30K	—	as long as short
Pacifica WLFI	+0.0100%	1h	0.05702	+0.016%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05706	+0.086%	$136.5M	$38.7M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05701	long leg	$20.5M	$17.0M	75x
Arcus WLFI-USD	+0.0100%	1h	0.05708	+0.126%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05705	+0.070%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05705	+0.070%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05700	−0.018%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05704	+0.053%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05704	+0.053%	$237K	$30K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.333%	$275K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	+0.158%	$33K	$41K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05700	−0.009%	$79K	$31K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05710	+0.158%	$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	0.05699	−0.028%	$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-USDT	+0.0340%	4h	0.05709	+0.140%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.631%	$32K	$16K	50x	as long as short