Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h +0.101%

Price spread now: MEXC against Kraken Futures−0.089%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 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 −$8 a day on $10k at the current rate, and MEXC is 0.089% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 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 +0.282%, 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	0.05773	0.0380	pay 0.0048% / 1h	27m 46s	$97K	$90K	20x
Short	MEXC WLFI_USDT	0.05768	0.0100	get 0.0050% / 4h	2h 27m	$13.8M	$20.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$58.81
Price spread: −0.089% → 0.000%: −$8.89
Slippage, 4 orders: −$67.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$145.18
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 76 min ago; MEXC: live order book, 1 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 Kraken Futures live order book, 76 min ago	18.12 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.87 bp	0.9 bp −$1	6.8 bp −$68	34.2 bp −$3,417	103.8 bp −$51.9K

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	−0.0144%	1h	0.05737	−0.626%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.722%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	−0.073%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.990%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0041%	1h	0.05769	−0.078%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05761	−0.210%	$1.0M	$456K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05764	−0.158%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05765	−0.141%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05765	−0.135%	$1.6M	$587K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05770	−0.056%	$246K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05770	−0.058%	$139.2M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05762	−0.193%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05763	−0.176%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05770	−0.061%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05766	−0.124%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05768	−0.089%	$13.8M	$20.4M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05772	−0.020%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05763	−0.176%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05770	−0.054%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05770	−0.054%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05769	−0.078%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05778	+0.092%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.054%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05768	−0.080%	$82K	$23K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.119%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05771	−0.037%	$85	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	−0.178%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05773	−0.002%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05773	−0.002%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05766	−0.129%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05781	+0.136%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0380%	1h	0.05773	long leg	$97K	$90K	20x