Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against GRVT−0.146%68s7-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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.146% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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	0.05780	0.0100	pay 0.0050% / 4h	39m 51s	$280K	$1.9M	10x
Short	gTrade (Gains Network) WLFI/USD	0.05771	L +0.0005% / S −0.0005%	get 0.0001% / 1h	39m 51s	$316	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.146%Rate

Funding earned: −$20.02
Price spread: −0.146% → 0.000%: −$14.57
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$53.59
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; gTrade (Gains Network): 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, 3 min ago	8.64 bp	22.3 bp −$22	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0328%	1h	0.05732	−0.823%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.603%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDshort	L +0.0005% / S −0.0005%	1h	0.05771	−0.146%	$316	—	150x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.100%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	−0.200%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05773	−0.108%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05772	−0.140%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	−0.160%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05773	−0.116%	$1.6M	$533K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05774	−0.093%	$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	0.05776	−0.062%	$139.5M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05767	−0.218%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.183%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05776	−0.067%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	−0.148%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05776	−0.062%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05777	−0.044%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	−0.148%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05773	−0.114%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05773	−0.114%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05770	−0.159%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05780	long leg	$280K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.166%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.007%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05774	−0.096%	$82	$5K	5x	as long as short
BloFin WLFI-USDT	+0.0103%	4h	0.05784	+0.077%	$4.8M	$91K	75x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−0.193%	$174K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0127%	1h	0.05775	−0.072%	$11K	$943	5x	as long as short
01 Exchange WLFIUSD	+0.0296%	1h	0.05778	−0.027%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05773	−0.119%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05790	+0.186%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0443%	1h	0.05778	−0.027%	$524	$11K	10x	as long as short