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: SunX against GMX+0.098%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 SunX

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. SunX is 0.098% dearer against GMX than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05714	L +0.0252% / S −0.0496%	pay 0.0032% / 1h	42m 43s	$3K	—	100x
Short	SunX WLFI-USDT	0.05720	0.0100	get 0.0050% / 4h	42m 43s	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$31.96
Price spread: +0.098% → 0.000%: $9.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$42.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 13 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 SunX live order book, 13 min ago	34.90 bp	97.9 bp −$98	doesn't fit	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	−0.0072%	1h	0.05709	−0.094%	$1.0M	$437K	5x	as long as short
Aster WLFIUSDT	−0.0055%	4h	0.05714	−0.014%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.395%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	+0.019%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.795%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05717	+0.037%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.028%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0083%	8h	0.05714	−0.008%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05718	+0.063%	$519	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05716	+0.033%	$81K	$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	0.05712	−0.042%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05716	+0.030%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05718	+0.063%	$137.6M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05710	−0.077%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05711	−0.059%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05722	+0.138%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05715	+0.010%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05717	+0.045%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	+0.028%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05713	−0.024%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05714	−0.007%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05715	+0.010%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05708	−0.113%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05713	−0.020%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.077%	$33K	$39K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05720	+0.098%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05717	+0.045%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05710	−0.085%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0112%	1h	0.05717	+0.045%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05717	+0.053%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0252% / S −0.0496%	1h	0.05714	long leg	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05718	+0.063%	$4.8M	$84K	75x	as long as short