Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Deribit−0.266%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.266% cheaper against Deribit than usual: you would sell low and buy high, −$27 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05797	0.0095	pay 0.0012% / 1h	29m 29s	$526	$11K	10x
Short	Paradex WLFI-USD-PERP	0.05782	0.0095	get 0.0095% / 8h	3h 29m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$0.07
Price spread: −0.266% → 0.000%: −$26.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.71
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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
dYdX WLFI-USD	0.0000%	1h	0.05793	−0.069%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.289%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05792	−0.087%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.397%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.035%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	+0.0050%	4h	0.05793	−0.076%	$1.6M	$577K	20x	as long as short
Lighter WLFI	+0.0088%	1h	0.05791	−0.104%	$1.0M	$449K	5x	as long as short
Paradex WLFI-USD-PERPshort	+0.0095%	8h	0.05782	−0.266%	$2K	$118	5x
Deribit WLFI_USDC-PERPETUALlong	+0.0095%	1h	0.05797	long leg	$526	$11K	10x
Nado WLFI-PERP	+0.0100%	1h	0.05795	−0.035%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05795	−0.035%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05795	−0.038%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05798	+0.017%	$139.8M	$41.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05792	−0.086%	$21.0M	$19.0M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05797	0.000%	$7.7M	$13.3M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05798	+0.016%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05796	−0.017%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05798	+0.017%	$13.4M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05794	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05794	−0.052%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05796	−0.017%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05797	0.000%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05784	−0.216%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05791	−0.098%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.121%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05795	−0.035%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05794	−0.046%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0168%	1h	0.05800	+0.052%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05794	−0.059%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05807	+0.169%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05795	−0.035%	$4.8M	$88K	75x	as long as short