Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0690%/8h= −75.6% APRpaid last 24h −0.108%

Price spread now: Kraken Futures against Bybit+0.089%7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

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. Kraken Futures is 0.089% dearer against Bybit than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.124% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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	Bybit WLFIUSDT	0.05717	0.0100	pay 0.0050% / 4h	2h 10m	$20.5M	$17.0M	75x
Short	Kraken Futures PF_WLFIUSD	0.05722	−0.0590	pay 0.0074% / 1h	10m 57s	$73K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$144.91
Price spread: +0.089% → 0.000%: $8.91
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$156.99
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 8 min ago; Kraken Futures: 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, 8 min ago	0.87 bp	7.4 bp −$7	34.4 bp −$344	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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_WLFIUSDshort	−0.0590%	1h	0.05722	+0.089%	$73K	$88K	20x
Deribit WLFI_USDC-PERPETUAL	−0.0274%	1h	0.05724	+0.122%	$10K	$624	10x	as long as short
Aster WLFIUSDT	−0.0226%	4h	0.05719	+0.035%	$1.6M	$567K	20x	as long as short
Lighter WLFI	−0.0160%	1h	0.05717	0.000%	$943K	$370K	5x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.087%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05719	+0.034%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.745%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05722	+0.082%	$313	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0011%	4h	0.05719	+0.035%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0051%	8h	0.05721	+0.066%	$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
01 Exchange WLFIUSD	+0.0072%	1h	0.05721	+0.070%	$4K	$319	3x	as long as short
Hyperliquid WLFI	+0.0094%	1h	0.05719	+0.028%	$10.5M	$1.2M	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05717	+0.009%	$79K	$27K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05719	+0.035%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05722	+0.087%	$136.8M	$38.6M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05717	long leg	$20.5M	$17.0M	75x
Arcus WLFI-USD	+0.0100%	1h	0.05724	+0.121%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05719	+0.035%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05720	+0.052%	$14.9M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05724	+0.122%	$3.3M	$966K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05718	+0.017%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05719	+0.035%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05723	+0.105%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05722	+0.092%	$443K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05727	+0.175%	$274K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	+0.052%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05722	+0.087%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05718	+0.021%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.350%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05717	0.000%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05724	+0.122%	$14K	—	100x	as long as short