Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0805%/8h= +88.2% APRpaid last 24h +0.087%

Price spread now: GRVT against Kraken Futures−0.030%76s7-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 GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$22 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.225% in total) that is about 22 hours. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.225% in total (about 11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05712	−0.0705	get 0.0088% / 1h	26m 06s	$73K	$70K	20x
Short	GRVT WLFI_USDT_Perp	0.05710	0.0100	get 0.0050% / 4h	1h 26m	$276K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.030%Rate

Funding earned: $169.11
Price spread: −0.030% → 0.000%: −$2.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $147.15
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; GRVT: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GRVT live order book, 2 min ago	8.75 bp	23.4 bp −$23	144.5 bp −$1,445	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
Kraken Futures PF_WLFIUSDlong	−0.0705%	1h	0.05712	long leg	$73K	$70K	20x
Aster WLFIUSDT	−0.0317%	4h	0.05714	+0.040%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0248%	1h	0.05705	−0.117%	$947K	$376K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0010%	4h	0.05709	−0.047%	$7.5M	$12.5M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05714	+0.034%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.840%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05715	+0.058%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05714	+0.041%	$312	—	150x	as long as short
01 Exchange WLFIUSD	+0.0008%	1h	0.05714	+0.040%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0015%	8h	0.05712	−0.002%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLFI_USDT	+0.0066%	4h	0.05710	−0.030%	$3.4M	$2.8M	75x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	+0.075%	$6K	$77K	5.5x	as long as short
Hyperliquid WLFI	+0.0094%	1h	0.05708	−0.063%	$10.4M	$1.2M	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05699	−0.226%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.065%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05710	−0.037%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05713	+0.028%	$136.7M	$38.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05707	−0.082%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05715	+0.065%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05713	+0.023%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05713	+0.023%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05709	−0.047%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05708	−0.065%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05711	−0.012%	$238K	$30K	10x	as long as short
GRVT WLFI_USDT_Perpshort	+0.0100%	4h	0.05710	−0.030%	$276K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05700	−0.205%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.146%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05712	+0.005%	$121	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05707	−0.082%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05714	+0.037%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05710	−0.030%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.443%	$32K	$16K	50x	as long as short