Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.060%

Price spread now: Paradex against GMX−0.084%102s7-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 Paradex

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.084% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 102 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]	0.05737	L +0.0302% / S −0.1371%	pay 0.0038% / 1h	59m 42s	$7K	—	100x
Short	Paradex WLFI-USD-PERP	0.05732	0.0100	get 0.0100% / 8h	6h 59m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$42.45
Price spread: −0.084% → 0.000%: −$8.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$66.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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
Coinbase International WLFI-PERP-INTX	−0.0536%	1h	0.05732	−0.082%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0096%	1h	0.05739	+0.040%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.385%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05736	−0.005%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.361%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0057%	1h	0.05740	+0.058%	$10K	$4K	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05728	−0.152%	$1.0M	$472K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05739	+0.040%	$521	$11K	10x	as long as short
Paradex WLFI-USD-PERPshort	+0.0100%	8h	0.05732	−0.084%	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05737	+0.014%	$83K	$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	−0.063%	$10.5M	$1.2M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05731	−0.095%	$1.6M	$545K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05733	−0.066%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	−0.030%	$138.1M	$43.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05738	+0.023%	$21.1M	$19.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05729	−0.134%	$7.7M	$14.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	−0.054%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05735	−0.030%	$3.4M	$3.3M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05739	+0.040%	$13.7M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05738	+0.023%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05730	−0.117%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05737	+0.005%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	−0.030%	$234K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05736	−0.005%	$447K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.223%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.058%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.232%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05738	+0.023%	$107	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05732	−0.084%	$172K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0302% / S −0.1371%	1h	0.05737	long leg	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05746	+0.162%	$4.8M	$98K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2364%	1h	0.05734	−0.044%	$96K	$134K	20x	as long as short