Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%

Price spread now: MEXC against Injective+1.137%85s7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 1.137% dearer against Injective than usual: you sell high and buy low: +$114 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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	Injective WLFI/USDC PERP	0.05716	0.0033	pay 0.0004% / 1h	51m 51s	$6K	$77K	5.5x
Short	MEXC WLFI_USDT	0.05781	0.0100	get 0.0050% / 4h	3h 51m	$13.5M	$19.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +1.137%Rate

Funding earned: $14
Price spread: +1.137% → 0.000%: $113.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $127.7
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	1.73 bp	1.7 bp −$2	5.4 bp −$54	40.9 bp −$4,086	115.2 bp −$57.6K

Injective: 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	−0.0536%	1h	0.05732	+0.280%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0056%	1h	0.05779	+1.102%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.766%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05773	+0.992%	$316	—	150x	as long as short
Injective WLFI/USDC PERPlong	+0.0033%	1h	0.05716	long leg	$6K	$77K	5.5x
Lighter WLFI	+0.0096%	1h	0.05772	+0.980%	$1.1M	$470K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05773	+0.997%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05775	+1.032%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05775	+1.037%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05781	+1.129%	$1.6M	$529K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05776	+1.041%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05786	+1.225%	$139.8M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05779	+1.102%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	+1.120%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05779	+1.099%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05775	+1.032%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05781	+1.137%	$13.5M	$19.8M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05778	+1.085%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	+1.137%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05778	+1.085%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05777	+1.067%	$234K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05773	+0.989%	$451K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	+1.120%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.945%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+1.295%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05777	+1.067%	$110	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05778	+1.086%	$174K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0223%	1h	0.05772	+0.987%	$11K	$943	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05775	+1.025%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05780	+1.120%	$4.9M	$102K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05782	+1.155%	$525	$11K	10x	as long as short
Kraken Futures PF_WLFIUSD	+0.2345%	1h	0.05779	+1.097%	$97K	$90K	20x	as long as short