Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h +0.111%

Price spread now: Bitget against Kraken Futures−0.030%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05734	0.0149	pay 0.0019% / 1h	25m 35s	$99K	$87K	20x
Short	Bitget WLFIUSDT	0.05732	0.0100	get 0.0050% / 4h	25m 35s	$8.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$10.21
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.23
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 3 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.75 bp	12.8 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit

Kraken Futures: 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
Lighter WLFI	−0.0064%	1h	0.05728	−0.100%	$1.0M	$439K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.057%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0041%	4h	0.05735	+0.020%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.437%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05731	−0.048%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05729	−0.089%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.309%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0085%	8h	0.05731	−0.050%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05726	−0.126%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05731	−0.051%	$10.5M	$1.3M	5x	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	0.05732	−0.030%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	+0.022%	$138.1M	$40.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05732	−0.030%	$20.9M	$18.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05730	−0.065%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05735	+0.013%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05733	−0.013%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05735	+0.022%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05734	+0.005%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05732	−0.030%	$8.0M	$3.3M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05734	+0.005%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	−0.030%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05720	−0.232%	$447K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.109%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.109%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−0.065%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05730	−0.065%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05731	−0.055%	$134K	$480K	10x	as long as short
dYdX WLFI-USD	+0.0116%	1h	0.05724	−0.162%	$11K	$970	5x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05739	+0.092%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0149%	1h	0.05734	long leg	$99K	$87K	20x
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05726	−0.137%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05733	−0.013%	$4.8M	$86K	75x	as long as short