Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.039%

Price spread now: Bitget against GMX−0.049%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bitget

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.049% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05713	L +0.0252% / S −0.0496%	pay 0.0032% / 1h	51m 05s	$3K	—	100x
Short	Bitget WLFIUSDT	0.05710	0.0100	get 0.0050% / 4h	51m 05s	$7.9M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$31.94
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.84
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.63 bp	11.1 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit

GMX: 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	0.05706	−0.119%	$1.0M	$437K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.424%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0044%	4h	0.05709	−0.058%	$1.6M	$574K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05709	−0.058%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.826%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05710	−0.049%	$312	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.056%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0080%	8h	0.05709	−0.059%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.075%	$81K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05708	−0.084%	$10.4M	$1.3M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05710	−0.044%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05716	+0.056%	$137.6M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05704	−0.154%	$20.7M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05708	−0.084%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	+0.051%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05711	−0.032%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05713	+0.004%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05711	−0.032%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05710	−0.049%	$7.9M	$3.3M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05711	−0.032%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05712	−0.014%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05704	−0.163%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05723	+0.182%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.049%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.126%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05713	+0.004%	$116	$5K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05716	+0.056%	$519	$11K	10x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05707	−0.093%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0112%	1h	0.05713	+0.004%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05715	+0.043%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0252% / S −0.0496%	1h	0.05713	long leg	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05717	+0.074%	$4.8M	$84K	75x	as long as short