Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.071%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.071%, 7d avg +0.032%

Together, before fees−0.095%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.039% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLFI-USD	0.05761	0.0104	pay 0.0013% / 1h	59m 33s	$133K	$482K	10x
Short	BingX WLFI-USDC	0.05765	0.0100	get 0.0050% / 4h	3h 59m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$0.84
Price spread: +0.071% → +0.032%: $3.92
Slippage, 4 orders: −$63.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.97
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; BingX: live order book, 9 min ago.

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 Extended live order book, 58 min ago	2.63 bp	18.3 bp −$18	88.3 bp −$883	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.74 bp	22.6 bp −$23	69.8 bp −$698	476.2 bp −$47.6K	969.3 bp −$484.6K

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	−0.0048%	1h	0.05737	−0.415%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0019%	4h	0.05765	+0.076%	$1.6M	$577K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05760	−0.016%	$1.0M	$445K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.943%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05763	+0.039%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.780%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0091%	8h	0.05764	+0.055%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	+0.028%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05761	+0.005%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05764	+0.057%	$247K	$13K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05767	+0.106%	$139.0M	$41.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05760	−0.016%	$21.2M	$18.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05760	−0.016%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05766	+0.081%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05764	+0.054%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05767	+0.106%	$13.4M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05765	+0.071%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05762	+0.019%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDCshort	+0.0100%	4h	0.05765	+0.071%	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05766	+0.088%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05759	−0.033%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05774	+0.225%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.158%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.158%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	+0.158%	$104	$5K	5x	as long as short
Extended WLFI-USDlong	+0.0104%	1h	0.05761	long leg	$133K	$482K	10x
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05772	+0.184%	$100K	$87K	20x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05768	+0.123%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05765	+0.069%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05772	+0.192%	$524	$11K	10x	as long as short
dYdX WLFI-USD	+0.0275%	1h	0.05764	+0.052%	$11K	$970	5x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05771	+0.175%	$4.8M	$87K	75x	as long as short