Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.002%

Price spread now: GRVT against Deribit−0.261%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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.261% cheaper against Deribit than usual: you would sell low and buy high (spread −0.261% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05745	0	get 0.0000% / 1h	8m 47s	$10K	$624	10x
Short	GRVT WLFI_USDT_Perp	0.05730	0.0100	get 0.0050% / 4h	1h 08m	$277K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.261%Rate

Funding earned: $21
Price spread: −0.261% → 0.000%: −$26.11
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.11
Costs to cover: 0.160%
Break-even: 14.0 days

Slippage unknown: Deribit: no order-book sample; GRVT: 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 GRVT live order book, 5 min ago	8.73 bp	26.5 bp −$26	150.7 bp −$1,507	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	−0.0701%	1h	0.05745	−0.003%	$73K	$67K	20x	as long as short
Aster WLFIUSDT	−0.0239%	4h	0.05750	+0.080%	$1.6M	$579K	20x	as long as short
Lighter WLFI	−0.0184%	1h	0.05740	−0.087%	$957K	$381K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05740	−0.085%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.229%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.0000%	1h	0.05745	long leg	$10K	$624	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05743	−0.037%	$314	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0018%	4h	0.05748	+0.052%	$7.5M	$12.6M	50x	as long as short
01 Exchange WLFIUSD	+0.0024%	1h	0.05744	−0.017%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0040%	8h	0.05745	+0.002%	$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
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.505%	$6K	$77K	5.5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	−0.078%	$79K	$31K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05747	+0.035%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05742	−0.052%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05751	+0.104%	$137.7M	$39.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05749	+0.070%	$20.9M	$17.2M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05746	+0.016%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05746	+0.017%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.070%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05748	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05747	+0.035%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05740	−0.087%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	+0.035%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05735	−0.179%	$443K	$30K	—	as long as short
GRVT WLFI_USDT_Perpshort	+0.0100%	4h	0.05730	−0.261%	$277K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.087%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.087%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	0.000%	$135	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05743	−0.029%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05744	−0.023%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05742	−0.052%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	−0.139%	$32K	$16K	50x	as long as short