Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h +0.280%

Price spread now: dYdX against GRVT−0.527%50s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 −$2 a day on $10k at the current rate, and dYdX is 0.527% cheaper against GRVT than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	GRVT WLFI_USDT_Perp	0.05800	0.0100	pay 0.0050% / 4h	3h 01m	$282K	$1.8M	10x
Short	dYdX WLFI-USD	0.05769	0.0022	get 0.0003% / 1h	1m 58s	$11K	$970	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.527%Rate

Funding earned: −$16.45
Price spread: −0.527% → 0.000%: −$52.65
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$88.1
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; dYdX: 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 GRVT live order book, 1 min ago	8.66 bp	40.9 bp −$41	143.2 bp −$1,432	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.234%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05768	−0.546%	$315	—	150x	as long as short
dYdX WLFI-USDshort	+0.0022%	1h	0.05769	−0.527%	$11K	$970	5x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.448%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.086%	$32K	$15K	50x	as long as short
Lighter WLFI	+0.0056%	1h	0.05762	−0.655%	$1.0M	$451K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05765	−0.600%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05766	−0.583%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05765	−0.609%	$1.6M	$582K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05765	−0.603%	$246K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05769	−0.539%	$139.1M	$42.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05764	−0.621%	$21.0M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05767	−0.569%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05766	−0.593%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05768	−0.552%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05765	−0.603%	$13.4M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05768	−0.552%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05763	−0.638%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05765	−0.603%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05769	−0.534%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05788	−0.198%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05800	long leg	$282K	$1.8M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.172%	$34K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05761	−0.664%	$82K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	−0.517%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	−0.517%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05765	−0.604%	$133K	$616K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05767	−0.569%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05772	−0.483%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0297% / S −0.1279%	1h	0.05765	−0.603%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05780	−0.345%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05769	−0.543%	$97K	$91K	20x	as long as short