Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against GRVT+0.055%74s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as 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−$2272.272% of the position

Long on GRVT Short on SunX

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)+0.413%+$41 · spread now +0.055%, 7d avg +0.082%

Together, before fees+0.413%+ Points / potential airdropGRVT: Active · farm board+$41 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: SunX is 0.027% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.082%. The two prices were read 74 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	0.05737	0.0100	pay 0.0050% / 4h	1h 35m	$280K	$1.8M	10x
Short	SunX WLFI-USDT	0.05740	0.0100	get 0.0050% / 4h	1h 35m	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.082%: −$2.67
Slippage, 4 orders: −$210.16
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$229.83
Costs to cover: 2.272%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; SunX: live order book, 10 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, 3 min ago	8.70 bp	15.9 bp −$16	121.1 bp −$1,211	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	34.78 bp	97.5 bp −$98	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
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	+0.003%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05738	+0.022%	$99K	$88K	20x	as long as short
Lighter WLFI	−0.0072%	1h	0.05723	−0.241%	$1.0M	$428K	5x	as long as short
Aster WLFIUSDT	−0.0005%	4h	0.05733	−0.075%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05733	−0.068%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.383%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05739	+0.038%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05734	−0.055%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.363%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0077%	8h	0.05729	−0.128%	$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
01 Exchange WLFIUSD	+0.0096%	1h	0.05733	−0.067%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05734	−0.048%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05729	−0.133%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05731	−0.107%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05731	−0.108%	$137.9M	$40.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05729	−0.137%	$20.9M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05726	−0.189%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	−0.011%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05731	−0.102%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05734	−0.049%	$13.7M	$21.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05736	−0.015%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	−0.154%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05735	−0.032%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	−0.032%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05727	−0.165%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05737	long leg	$280K	$1.8M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.119%	$33K	$39K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05740	+0.055%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05737	+0.003%	$119	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05730	−0.120%	$133K	$485K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	−0.058%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05746	+0.160%	$4.8M	$81K	75x	as long as short