Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.033%

Price spread now: MEXC against Coinbase International−0.401%7-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 MEXC

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 −$9 a day on $10k at the current rate, and MEXC is 0.401% cheaper against Coinbase International than usual: you would sell low and buy high (−$40 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	Coinbase International WLFI-PERP-INTX	0.05737	0.0384	pay 0.0048% / 1h	28m 11s	$32K	$16K	50x
Short	MEXC WLFI_USDT	0.05714	0.0100	get 0.0050% / 4h	1h 28m	$14.8M	$21.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.401%Rate

Funding earned: −$59.64
Price spread: −0.401% → 0.000%: −$40.09
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$109.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.88 bp	0.9 bp −$1	8.0 bp −$80	63.5 bp −$6,350	110.6 bp −$55.3K

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	−0.0705%	1h	0.05712	−0.437%	$73K	$70K	20x	as long as short
Aster WLFIUSDT	−0.0322%	4h	0.05709	−0.483%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0240%	1h	0.05707	−0.523%	$947K	$376K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0008%	4h	0.05708	−0.505%	$7.5M	$12.5M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05714	−0.407%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.376%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05716	−0.366%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05715	−0.384%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0008%	1h	0.05714	−0.401%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0012%	8h	0.05715	−0.385%	$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	+0.0068%	4h	0.05711	−0.453%	$3.4M	$2.8M	75x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.366%	$6K	$77K	5.5x	as long as short
Hyperliquid WLFI	+0.0096%	1h	0.05711	−0.451%	$10.4M	$1.2M	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05699	−0.666%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.497%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05711	−0.451%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05716	−0.374%	$136.7M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05707	−0.523%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	−0.368%	$1K	$10	5x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05714	−0.401%	$14.8M	$21.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05715	−0.383%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05709	−0.488%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05710	−0.471%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05714	−0.401%	$238K	$30K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05707	−0.525%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.471%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.296%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05715	−0.383%	$116	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05709	−0.481%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05714	−0.394%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05713	−0.418%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTXlong	+0.0384%	1h	0.05737	long leg	$32K	$16K	50x