Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h 0.000%

Price spread now: Coinbase International against Gate+0.140%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Coinbase International is 0.140% dearer against Gate than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLFI_USDT	0.05729	0.0100	pay 0.0050% / 4h	28m 09s	$3.4M	$3.0M	75x
Short	Coinbase International WLFI-PERP-INTX	0.05737	−0.0048	pay 0.0006% / 1h	28m 09s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$31.08
Price spread: +0.140% → 0.000%: $13.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.12
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Coinbase International: no order-book sample. 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 Gate live order book, 5 min ago	2.62 bp	21.5 bp −$22	37.6 bp −$376	69.0 bp −$6,904	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Lighter WLFI	−0.0064%	1h	0.05724	−0.087%	$1.0M	$439K	5x	as long as short
Coinbase International WLFI-PERP-INTXshort	−0.0048%	1h	0.05737	+0.140%	$32K	$15K	50x
Aster WLFIUSDT	−0.0033%	4h	0.05736	+0.129%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.526%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05730	+0.017%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.227%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0084%	8h	0.05733	+0.062%	$2K	$118	5x	as long as short
dYdX WLFI-USD	+0.0090%	1h	0.05724	−0.079%	$11K	$970	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05733	+0.070%	$520	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05729	+0.009%	$81K	$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	0.05727	−0.028%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05734	+0.089%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05731	+0.039%	$138.0M	$40.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05723	−0.105%	$20.9M	$18.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05726	−0.052%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05733	+0.079%	$7K	$7K	5x	as long as short
Gate WLFI_USDTlong	+0.0100%	4h	0.05729	long leg	$3.4M	$3.0M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05728	−0.017%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05728	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	−0.070%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05731	+0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05728	−0.017%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05735	+0.113%	$448K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.192%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.157%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.192%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05730	+0.017%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05725	−0.069%	$134K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05735	+0.105%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05733	+0.078%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.068%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05740	+0.192%	$4.8M	$86K	75x	as long as short