Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h +0.023%

Price spread now: Bybit against Coinbase International−0.192%54s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Bybit

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 −$8 a day on $10k at the current rate, and Bybit is 0.192% cheaper against Coinbase International than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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	Coinbase International WLFI-PERP-INTX	0.05737	0.0368	pay 0.0046% / 1h	4m 21s	$32K	$16K	50x
Short	Bybit WLFIUSDT	0.05726	0.0100	get 0.0050% / 4h	4m 21s	$20.8M	$17.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. 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 Coinbase InternationalbpFee BybitbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$56.28
Price spread: −0.192% → 0.000%: −$19.17
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.45
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Bybit: live order book, 4 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.87 bp	10.6 bp −$11	30.2 bp −$302	doesn't fit	doesn't fit

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
Kraken Futures PF_WLFIUSD	−0.0436%	1h	0.05723	−0.249%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0056%	4h	0.05732	−0.088%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05730	−0.120%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.374%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05724	−0.227%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	−0.088%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.366%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0064%	1h	0.05727	−0.174%	$967K	$395K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05736	−0.024%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05734	−0.052%	$4K	$319	3x	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	0.05731	−0.105%	$79K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05731	−0.106%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05731	−0.113%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	−0.052%	$137.4M	$40.2M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05726	−0.192%	$20.8M	$17.7M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05730	−0.122%	$7.5M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05735	−0.028%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05731	−0.105%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05731	−0.105%	$14.5M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05733	−0.070%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05731	−0.105%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05730	−0.122%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05722	−0.261%	$238K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	−0.388%	$443K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05728	−0.153%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.122%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−0.122%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05724	−0.227%	$104	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05730	−0.124%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05723	−0.242%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05722	−0.261%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTXlong	+0.0368%	1h	0.05737	long leg	$32K	$16K	50x