Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Extended−0.024%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.024%, 7d avg +0.041%

Together, before fees−0.025%+ Points / potential airdropExtended: Active · farm board−$2 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: Bybit is 0.065% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLFI-USD	0.05727	0.0104	pay 0.0013% / 1h	4m 42s	$133K	$490K	10x
Short	Bybit WLFIUSDT	0.05726	0.0100	get 0.0050% / 4h	4m 42s	$20.8M	$17.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.84
Price spread: −0.024% → +0.041%: −$6.52
Slippage, 4 orders: −$44.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Extended: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago	4.37 bp	19.8 bp −$20	78.7 bp −$787	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.87 bp	10.6 bp −$11	30.2 bp −$302	doesn't fit	doesn't fit

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	−0.0436%	1h	0.05723	−0.082%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0056%	4h	0.05736	+0.157%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05730	+0.047%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.551%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05724	−0.059%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05723	−0.076%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.199%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0064%	1h	0.05727	−0.007%	$967K	$395K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05736	+0.144%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05725	−0.042%	$4K	$319	3x	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	0.05731	+0.054%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05731	+0.054%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05733	+0.098%	$137.3M	$40.2M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05726	−0.024%	$20.8M	$17.7M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05727	−0.007%	$7.5M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05726	−0.028%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05731	+0.063%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05730	+0.046%	$14.5M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05734	+0.116%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	+0.011%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05733	+0.098%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05722	−0.094%	$238K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	−0.221%	$443K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05728	+0.014%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.046%	$33K	$42K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05721	−0.111%	$79K	$26K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.046%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05724	−0.059%	$104	$5K	5x	as long as short
Extended WLFI-USDlong	+0.0104%	1h	0.05727	long leg	$133K	$490K	10x
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05723	−0.075%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05722	−0.094%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.168%	$32K	$16K	50x	as long as short