Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.303%

Price spread now: Variational Omni against dYdX−0.094%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Variational Omni is 0.094% cheaper against dYdX than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	dYdX WLFI-USD	0.05740	0	get 0.0000% / 1h	9m 20s	$11K	$970	5x
Short	Variational Omni WLFI	0.05735	0.0100	get 0.0050% / 4h	1h 09m	$443K	$30K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $21
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.64
Costs to cover: 0.100%
Break-even: 6.5 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 10 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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 10 min ago	4.37 bp	doesn't fit	34.1 bp −$341	doesn't fit	doesn't fit

dYdX: 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	0.05744	+0.060%	$73K	$67K	20x	as long as short
Aster WLFIUSDT	−0.0239%	4h	0.05743	+0.058%	$1.6M	$579K	20x	as long as short
Lighter WLFI	−0.0184%	1h	0.05738	−0.037%	$957K	$381K	5x	as long as short
dYdX WLFI-USDlong	0.0000%	1h	0.05740	long leg	$11K	$970	5x
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.319%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05745	+0.085%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05743	+0.049%	$314	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0018%	4h	0.05738	−0.037%	$7.5M	$12.6M	50x	as long as short
01 Exchange WLFIUSD	+0.0024%	1h	0.05744	+0.068%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0040%	8h	0.05745	+0.087%	$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	−0.420%	$6K	$77K	5.5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	+0.007%	$79K	$31K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05741	+0.023%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05742	+0.033%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05745	+0.085%	$137.5M	$39.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05741	+0.016%	$20.9M	$17.2M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05746	+0.101%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05742	+0.033%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05744	+0.068%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05746	+0.103%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05741	+0.016%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05740	−0.002%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05744	+0.068%	$239K	$29K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05735	−0.094%	$443K	$30K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	−0.176%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.002%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.173%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	+0.085%	$135	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05739	−0.014%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05744	+0.063%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05743	+0.051%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	−0.054%	$32K	$16K	50x	as long as short