Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h +0.011%

Price spread now: SunX against Deribit+0.035%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on SunX

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

The price spread pays, funding is against you. SunX is 0.035% dearer against Deribit than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05788	0.0269	pay 0.0034% / 1h	55m 00s	$525	$11K	10x
Short	SunX WLFI-USDT	0.05790	0.0100	get 0.0050% / 4h	2h 55m	$39K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$35.39
Price spread: +0.035% → 0.000%: $3.46
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$46.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	43.07 bp	111.7 bp −$112	doesn't fit	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	−0.881%	$32K	$15K	50x	as long as short
Lighter WLFI	0.0000%	1h	0.05779	−0.155%	$1.0M	$453K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05786	−0.026%	$11K	$947	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.452%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05782	−0.103%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.244%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0097%	8h	0.05780	−0.139%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	−0.095%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05784	−0.073%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05784	−0.075%	$1.6M	$584K	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	0.05785	−0.057%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05787	−0.017%	$139.6M	$42.4M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05783	−0.086%	$21.2M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05783	−0.086%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05783	−0.081%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05784	−0.069%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05789	+0.017%	$13.6M	$20.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05786	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05783	−0.086%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05785	−0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05787	−0.017%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05786	−0.026%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05788	−0.007%	$277K	$1.8M	10x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05790	+0.035%	$39K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05785	−0.052%	$99	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05781	−0.122%	$133K	$695K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05786	−0.035%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0269%	1h	0.05788	long leg	$525	$11K	10x
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05783	−0.083%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05789	+0.017%	$4.7M	$87K	75x	as long as short
ApeX Omni WLFIUSDT	+0.0366%	1h	0.05790	+0.035%	$34K	$38K	50x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05788	+0.008%	$97K	$91K	20x	as long as short