Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.037%

Price spread now: MEXC against GMX+0.035%7-day average — · you sell dearer than you buy

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

Long on GMX 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

The price spread pays, funding is against you. MEXC is 0.035% dearer against GMX than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05753	L +0.0252% / S −0.0496%	pay 0.0032% / 1h	4m 25s	$3K	—	100x
Short	MEXC WLFI_USDT	0.05755	0.0100	get 0.0050% / 4h	2h 04m	$13.8M	$22.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$31.96
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.48
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.87 bp	0.9 bp −$1	7.3 bp −$73	40.6 bp −$4,065	108.0 bp −$54.0K

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 31 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	−0.0330%	1h	0.05749	−0.070%	$99K	$85K	20x	as long as short
Lighter WLFI	−0.0080%	1h	0.05748	−0.087%	$1.0M	$415K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.278%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05750	−0.053%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.082%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05751	−0.039%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.643%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0047%	4h	0.05750	−0.047%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05750	−0.047%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05757	+0.070%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05751	−0.035%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05747	−0.113%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05751	−0.031%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05752	−0.019%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05756	+0.057%	$138.2M	$40.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05750	−0.052%	$21.1M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05750	−0.052%	$7.7M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05758	+0.082%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05752	−0.017%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05755	+0.035%	$13.8M	$22.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05753	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05752	−0.017%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05750	−0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	−0.104%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05745	−0.130%	$449K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05755	+0.028%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.052%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	−0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	−0.070%	$121	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05750	−0.058%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0252% / S −0.0496%	1h	0.05753	long leg	$3K	—	100x