Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.055%

Price spread now: GRVT against GMX−0.065%51s7-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 GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.065% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	GMX WLFI/USD [ETH-USDC]	0.05744	L +0.0252% / S −0.0496%	pay 0.0031% / 1h	59m 26s	$3K	—	100x
Short	GRVT WLFI_USDT_Perp	0.05740	0.0100	get 0.0050% / 4h	3h 59m	$276K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$31.89
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$59.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; GRVT: 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 GMX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	8.72 bp	31.7 bp −$32	86.2 bp −$862	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
Kraken Futures PF_WLFIUSD	−0.0434%	1h	0.05746	+0.045%	$73K	$50K	20x	as long as short
01 Exchange WLFIUSD	−0.0384%	1h	0.05735	−0.153%	$4K	$319	3x	as long as short
Aster WLFIUSDT	−0.0038%	4h	0.05742	−0.033%	$1.6M	$583K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05737	−0.118%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.250%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05744	+0.002%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.484%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0048%	1h	0.05736	−0.136%	$970K	$380K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05744	+0.006%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05733	−0.179%	$79K	$26K	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	0.05733	−0.195%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05739	−0.082%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05738	−0.104%	$137.4M	$40.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05730	−0.240%	$20.9M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05731	−0.223%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05739	−0.077%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05737	−0.118%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05745	+0.021%	$14.5M	$21.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05745	+0.021%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05738	−0.101%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05740	−0.066%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05746	+0.038%	$239K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05727	−0.297%	$444K	$31K	—	as long as short
GRVT WLFI_USDT_Perpshort	+0.0100%	4h	0.05740	−0.065%	$276K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.066%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.108%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05746	+0.038%	$110	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05733	−0.192%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0252% / S −0.0496%	1h	0.05744	long leg	$3K	—	100x
Deribit WLFI_USDC-PERPETUAL	+0.0272%	1h	0.05749	+0.091%	$522	$11K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05744	+0.003%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.118%	$32K	$16K	50x	as long as short