Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h +0.095%

Price spread now: Gate against Kraken Futures−0.050%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 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 −$6 a day on $10k at the current rate, and Gate is 0.050% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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 +0.247%, 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	0.05791	0.0306	pay 0.0038% / 1h	6m 45s	$97K	$90K	20x
Short	Gate WLFI_USDT	0.05788	0.0100	get 0.0050% / 4h	1h 06m	$3.5M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$43.16
Price spread: −0.050% → 0.000%: −$5.04
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.2
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.73 bp	18.0 bp −$18	33.0 bp −$330	65.2 bp −$6,519	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
Coinbase International WLFI-PERP-INTX	−0.0312%	1h	0.05737	−0.931%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.400%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05782	−0.158%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.294%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0054%	1h	0.05786	−0.078%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05784	−0.120%	$1.0M	$466K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05787	−0.063%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05782	−0.145%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05787	−0.075%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05785	−0.109%	$1.6M	$535K	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	0.05784	−0.114%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05792	+0.016%	$139.8M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05783	−0.137%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05788	−0.050%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05790	−0.016%	$7K	$8K	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05788	−0.050%	$3.5M	$3.1M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05790	−0.016%	$13.7M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05788	−0.050%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05783	−0.137%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05783	−0.137%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05787	−0.068%	$235K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05777	−0.233%	$452K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05786	−0.086%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.189%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	−0.016%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05788	−0.050%	$85	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05785	−0.104%	$174K	$523K	10x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05789	−0.033%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	−0.132%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0306%	1h	0.05791	long leg	$97K	$90K	20x
BloFin WLFI-USDT	+0.0340%	4h	0.05791	+0.001%	$4.8M	$84K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0441%	1h	0.05789	−0.033%	$525	$11K	10x	as long as short