Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0170%/8h= −18.7% APRpaid last 24h +0.015%

Price spread now: Bybit against Deribit−0.156%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 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 −$5 a day on $10k at the current rate, and Bybit is 0.156% cheaper against Deribit than usual: you would sell low and buy high (−$16 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	0.05768	0.0270	pay 0.0034% / 1h	39m 47s	$524	$11K	10x
Short	Bybit WLFIUSDT	0.05759	0.0100	get 0.0050% / 4h	3h 39m	$21.2M	$17.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$35.78
Price spread: −0.156% → 0.000%: −$15.6
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.87 bp	10.1 bp −$10	35.9 bp −$359	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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05765	−0.044%	$73K	$49K	20x	as long as short
Lighter WLFI	−0.0056%	1h	0.05758	−0.173%	$988K	$394K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05753	−0.259%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.808%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05761	−0.122%	$315	—	150x	as long as short
Aster WLFIUSDT	+0.0007%	4h	0.05760	−0.134%	$1.6M	$586K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.902%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0085%	8h	0.05765	−0.055%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05757	−0.191%	$80K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05758	−0.180%	$10.5M	$1.3M	5x	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	0.05759	−0.154%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05763	−0.087%	$138.0M	$39.6M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05759	−0.156%	$21.2M	$17.7M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05757	−0.191%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05767	−0.012%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	−0.104%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05763	−0.087%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05761	−0.121%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05758	−0.173%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05761	−0.121%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	−0.087%	$240K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05755	−0.232%	$446K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.313%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.485%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.052%	$107	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05756	−0.211%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05766	−0.035%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.537%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	−0.088%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0270%	1h	0.05768	long leg	$524	$11K	10x
BloFin WLFI-USDT	+0.0340%	4h	0.05761	−0.121%	$4.7M	$77K	75x	as long as short