Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0170%/8h= −18.7% APRpaid last 24h −0.004%

Price spread now: Gate against Deribit−0.035%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 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.035% cheaper against Deribit than usual: you would sell low and buy high (−$3 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	0.05767	0.0270	pay 0.0034% / 1h	21m 34s	$523	$11K	10x
Short	Gate WLFI_USDT	0.05765	0.0100	get 0.0050% / 4h	2h 21m	$3.4M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$35.8
Price spread: −0.035% → 0.000%: −$3.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.27
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	2.61 bp	18.0 bp −$18	35.9 bp −$359	71.3 bp −$7,129	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 exchanges

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
01 Exchange WLFIUSD	−0.1088%	1h	0.05657	−1.907%	$4K	$311	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0392%	1h	0.05732	−0.607%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.141%	$9K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.830%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05761	−0.108%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.884%	$6K	$77K	5.5x	as long as short
Kraken Futures PF_WLFIUSD	+0.0094%	1h	0.05766	−0.019%	$97K	$132K	20x	as long as short
Lighter WLFI	+0.0096%	1h	0.05759	−0.139%	$1.1M	$477K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.074%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	−0.078%	$83K	$25K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05763	−0.073%	$10.5M	$953K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05764	−0.052%	$1.6M	$547K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05765	−0.031%	$246K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05771	+0.069%	$138.9M	$43.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05769	+0.035%	$21.2M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05765	−0.035%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	−0.031%	$7K	$8K	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05765	−0.035%	$3.4M	$3.2M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.035%	$14.3M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	+0.017%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	−0.121%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	−0.069%	$232K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.272%	$449K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05759	−0.142%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.121%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.052%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.035%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	−0.075%	$172K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0270%	1h	0.05767	long leg	$523	$11K	10x
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05763	−0.069%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05760	−0.121%	$4.9M	$100K	75x	as long as short