Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h +0.009%

Price spread now: Bitget against Deribit−0.052%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bitget

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 −$10 a day on $10k at the current rate, and Bitget is 0.052% cheaper against Deribit than usual: you would sell low and buy high (−$5 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	Deribit WLFI_USDC-PERPETUAL	0.05784	0.0442	pay 0.0055% / 1h	59m 34s	$525	$11K	10x
Short	Bitget WLFIUSDT	0.05781	0.0100	get 0.0050% / 4h	1h 59m	$7.9M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$71.83
Price spread: −0.052% → 0.000%: −$5.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.02
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bitget: 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.60 bp	13.6 bp −$14	26.3 bp −$263	doesn't fit	doesn't fit

Deribit: 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
Coinbase International WLFI-PERP-INTX	−0.0144%	1h	0.05737	−0.813%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.526%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05779	−0.079%	$316	—	150x	as long as short
dYdX WLFI-USD	+0.0030%	1h	0.05780	−0.072%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.176%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05774	−0.173%	$1.0M	$458K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05781	−0.056%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05776	−0.130%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05777	−0.128%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05785	+0.010%	$1.6M	$556K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05775	−0.149%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05787	+0.052%	$139.6M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05779	−0.086%	$21.0M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05781	−0.052%	$7.7M	$13.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	+0.017%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05783	−0.017%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05782	−0.035%	$13.8M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05781	−0.052%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05781	−0.052%	$7.9M	$3.5M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05782	−0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05778	−0.104%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05774	−0.165%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	−0.069%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.069%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.104%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05781	−0.052%	$85	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05778	−0.107%	$176K	$735K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05776	−0.145%	$7K	—	100x	as long as short
01 Exchange WLFIUSD	+0.0304%	1h	0.05787	+0.052%	$4K	$319	3x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05787	+0.052%	$4.8M	$86K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05783	−0.021%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0442%	1h	0.05784	long leg	$525	$11K	10x