Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h +0.013%

Price spread now: Gate against Coinbase International+0.436%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Gate

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. Gate is 0.436% dearer against Coinbase International than usual: you sell high and buy low (spread +0.436% now, against zero (this spread has no 7-day history yet)): +$44 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLFI-PERP-INTX	0.05737	0.0232	pay 0.0029% / 1h	16m 06s	$32K	$16K	50x
Short	Gate WLFI_USDT	0.05762	0.0100	get 0.0050% / 4h	3h 16m	$3.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.436%Rate

Funding earned: −$27.72
Price spread: +0.436% → 0.000%: $43.58
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$9.14
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	3.47 bp	17.8 bp −$18	36.3 bp −$363	67.6 bp −$6,764	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	−0.0109%	1h	0.05764	+0.467%	$73K	$49K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05758	+0.366%	$993K	$399K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.375%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.375%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05759	+0.383%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05757	+0.347%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.366%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0071%	4h	0.05754	+0.301%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0089%	8h	0.05754	+0.300%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05755	+0.314%	$80K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05761	+0.427%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05754	+0.298%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05768	+0.541%	$138.2M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05758	+0.366%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05760	+0.401%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05760	+0.403%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05762	+0.436%	$3.5M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05768	+0.540%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05762	+0.436%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05761	+0.418%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05757	+0.349%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05765	+0.488%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	+0.255%	$442K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05751	+0.239%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.401%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.401%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05761	+0.418%	$117	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	+0.431%	$133K	$506K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05759	+0.383%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTXlong	+0.0232%	1h	0.05737	long leg	$32K	$16K	50x
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	+0.307%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05751	+0.244%	$4.7M	$77K	75x	as long as short