Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: Injective against Gate−0.798%69s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.798% cheaper against Gate than usual: you would sell low and buy high (−$80 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 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	Gate WLFI_USDT	0.05762	0.0100	pay 0.0050% / 4h	3h 16m	$3.5M	$2.8M	75x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	16m 00s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.798%Rate

Funding earned: −$14
Price spread: −0.798% → 0.000%: −$79.83
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$108.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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, 2 min ago	3.47 bp	15.5 bp −$15	34.8 bp −$348	70.9 bp −$7,093	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0109%	1h	0.05764	+0.031%	$73K	$49K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05758	−0.069%	$993K	$399K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.060%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.918%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05759	−0.052%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05757	−0.088%	$315	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−0.798%	$6K	$77K	5.5x
Aster WLFIUSDT	+0.0071%	4h	0.05754	−0.134%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0089%	8h	0.05754	−0.135%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05755	−0.121%	$80K	$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	0.05761	−0.009%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05754	−0.137%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05768	+0.104%	$138.2M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05758	−0.069%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05760	−0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05760	−0.033%	$1K	$753	5x	as long as short
Gate WLFI_USDTlong	+0.0100%	4h	0.05762	long leg	$3.5M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05768	+0.104%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05762	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05761	−0.017%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05757	−0.087%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05765	+0.052%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.180%	$442K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05751	−0.196%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.035%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	−0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05761	−0.017%	$117	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	−0.004%	$133K	$506K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05759	−0.052%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.434%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	−0.128%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05751	−0.191%	$4.7M	$77K	75x	as long as short