Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against GRVT−0.288%52s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1051.053% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.288%, 7d avg −0.031%

Together, before fees−0.052%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$5 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: Pacifica is 0.257% cheaper against GRVT than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 52 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	0.05730	0.0100	pay 0.0050% / 4h	52m 14s	$275K	$1.8M	10x
Short	Pacifica WLFI	0.05713	0.0100	get 0.0013% / 1h	52m 14s	$245K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.288%Rate

Funding earned: $0
Price spread: −0.288% → −0.031%: −$25.71
Slippage, 4 orders: −$88.32
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$131.03
Costs to cover: 1.053%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Pacifica: live order book, 6 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, 1 min ago	8.73 bp	27.7 bp −$28	152.8 bp −$1,528	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	8.76 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit

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	−0.0064%	1h	0.05705	−0.436%	$1.0M	$437K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.122%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0035%	4h	0.05712	−0.313%	$1.6M	$574K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	−0.246%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.509%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05714	−0.279%	$519	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05711	−0.340%	$312	—	150x	as long as short
ApeX Omni WLFIUSDT	+0.0031%	1h	0.05700	−0.524%	$33K	$39K	50x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.244%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0081%	8h	0.05709	−0.365%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.382%	$81K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05706	−0.421%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFIshort	+0.0100%	1h	0.05713	−0.288%	$245K	$13K	5x
Binance WLFIUSDT	+0.0100%	4h	0.05711	−0.332%	$137.4M	$40.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05700	−0.524%	$20.7M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05704	−0.454%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	−0.250%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05712	−0.314%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05702	−0.489%	$13.6M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05713	−0.297%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05704	−0.454%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05708	−0.384%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05707	−0.401%	$237K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05717	−0.235%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05730	long leg	$275K	$1.8M	10x
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.175%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05713	−0.297%	$112	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05705	−0.433%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0112%	1h	0.05713	−0.297%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05715	−0.262%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05707	−0.403%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05726	−0.070%	$4.8M	$84K	75x	as long as short