Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: Bybit against gTrade (Gains Network)−0.274%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

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—needs both histories

Funding pays, the price is against you. Bybit is 0.274% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 9.6 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLFI/USD	0.05718	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	32m 36s	$313	—	150x
Short	Bybit WLFIUSDT	0.05702	0.0100	get 0.0050% / 4h	1h 32m	$20.5M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.274%Rate

Funding earned: $19.91
Price spread: −0.274% → 0.000%: −$27.44
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.53
Costs to cover: 0.210%
Break-even: 17.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 1 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.88 bp	10.2 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0705%	1h	0.05716	−0.038%	$73K	$70K	20x	as long as short
Aster WLFIUSDT	−0.0314%	4h	0.05709	−0.159%	$1.6M	$574K	20x	as long as short
Lighter WLFI	−0.0256%	1h	0.05705	−0.222%	$946K	$375K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0007%	4h	0.05704	−0.239%	$7.4M	$12.5M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05717	−0.009%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.729%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05719	+0.023%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USDlong	L +0.0005% / S −0.0005%	1h	0.05718	long leg	$313	—	150x
01 Exchange WLFIUSD	+0.0008%	1h	0.05711	−0.117%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0012%	8h	0.05713	−0.084%	$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
Gate WLFI_USDT	+0.0070%	4h	0.05708	−0.169%	$3.4M	$2.8M	75x	as long as short
Hyperliquid WLFI	+0.0081%	1h	0.05713	−0.091%	$10.4M	$1.2M	5x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.030%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0089%	4h	0.05710	−0.137%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05706	−0.196%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05710	−0.136%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05714	−0.072%	$136.7M	$38.7M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05702	−0.274%	$20.5M	$16.9M	75x
Arcus WLFI-USD	+0.0100%	1h	0.05714	−0.066%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05711	−0.117%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	−0.030%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05705	−0.222%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05706	−0.204%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05716	−0.030%	$238K	$30K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.040%	$275K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.134%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.040%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05717	−0.012%	$116	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05705	−0.231%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	−0.047%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05720	+0.040%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.338%	$32K	$16K	50x	as long as short