Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: MEXC against gTrade (Gains Network)−0.025%7-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 MEXC

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. MEXC is 0.025% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLFI/USD	0.05804	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	24m 54s	$317	—	150x
Short	MEXC WLFI_USDT	0.05803	0.0100	get 0.0050% / 4h	3h 24m	$13.5M	$20.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $19.91
Price spread: −0.025% → 0.000%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $7.44
Costs to cover: 0.100%
Break-even: 4.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.86 bp	0.9 bp −$1	7.3 bp −$73	43.1 bp −$4,311	89.7 bp −$44.8K

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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.155%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05806	+0.027%	$527	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USDlong	L +0.0005% / S −0.0005%	1h	0.05804	long leg	$317	—	150x
dYdX WLFI-USD	+0.0016%	1h	0.05804	−0.001%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.523%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.162%	$32K	$15K	50x	as long as short
Lighter WLFI	+0.0064%	1h	0.05797	−0.128%	$1.0M	$450K	5x	as long as short
Aster WLFIUSDT	+0.0069%	4h	0.05801	−0.054%	$1.6M	$577K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05801	−0.065%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05801	−0.050%	$82K	$24K	5x	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	0.05800	−0.071%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05801	−0.052%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05803	−0.025%	$139.9M	$41.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05798	−0.111%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05799	−0.094%	$7.7M	$13.3M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05803	−0.021%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05802	−0.042%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05803	−0.025%	$13.5M	$20.7M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05805	+0.010%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05802	−0.042%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05801	−0.059%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05805	+0.010%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05801	−0.052%	$453K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05798	−0.108%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.249%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.096%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05804	−0.007%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05799	−0.096%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05805	+0.010%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05804	−0.016%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05810	+0.089%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05806	+0.027%	$4.8M	$88K	75x	as long as short