Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against GRVT+0.177%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days−0.203%−$20 · spread now +0.177%, 7d avg −0.080%

Together, before fees−0.294%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.257% dearer against GRVT than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLFI_USDT_Perp	0.05759	0.0100	pay 0.0050% / 4h	2h 21m	$280K	$1.9M	10x
Short	Bybit WLFIUSDT	0.05769	0.0100	get 0.0050% / 4h	2h 21m	$21.2M	$19.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → −0.080%: $25.72
Slippage, 4 orders: −$54.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.07
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Bybit: live order book, 5 min ago.

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 GRVT live order book, 5 min ago	17.36 bp	25.5 bp −$25	102.8 bp −$1,028	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.87 bp	10.8 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit

WLFI on 32 exchanges

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
01 Exchange WLFIUSD	−0.1088%	1h	0.05657	−1.768%	$4K	$311	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0392%	1h	0.05732	−0.465%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.001%	$9K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.980%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05761	+0.034%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.743%	$6K	$77K	5.5x	as long as short
Kraken Futures PF_WLFIUSD	+0.0094%	1h	0.05766	+0.123%	$97K	$132K	20x	as long as short
Lighter WLFI	+0.0096%	1h	0.05759	+0.003%	$1.1M	$477K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	+0.068%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	+0.064%	$83K	$25K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05763	+0.069%	$10.5M	$953K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05764	+0.090%	$1.6M	$547K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05765	+0.111%	$246K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05771	+0.212%	$138.9M	$43.3M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05769	+0.177%	$21.2M	$19.5M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05765	+0.108%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	+0.111%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05765	+0.108%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.177%	$14.3M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	+0.142%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	+0.160%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	+0.021%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	+0.073%	$232K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.130%	$449K	$33K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05759	long leg	$280K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.021%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.194%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	+0.108%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	+0.067%	$172K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05767	+0.142%	$523	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05763	+0.073%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05760	+0.021%	$4.9M	$100K	75x	as long as short