Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Backpack against KuCoin+0.053%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.053%, 7d avg −0.034%

Together, before fees−0.401%−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.087% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05712	0.0100	pay 0.0050% / 4h	2h 01m	$3.2M	$1.0M	75x
Short	Backpack WLFI_USDC_PERP	0.05715	0.0100	get 0.0013% / 1h	1m 45s	$238K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.034%: $8.65
Slippage, 4 orders: −$41.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$54.79
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Backpack: live order book, 21 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 KuCoin live order book, 6 min ago	2.63 bp	21.2 bp −$21	89.1 bp −$891	doesn't fit	doesn't fit
Sell Backpack live order book, 21 min ago	0.87 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

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_WLFIUSD	−0.0591%	1h	0.05714	+0.041%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0270%	4h	0.05713	+0.018%	$1.6M	$568K	20x	as long as short
Lighter WLFI	−0.0184%	1h	0.05708	−0.070%	$942K	$371K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0100%	1h	0.05717	+0.088%	$10K	$624	10x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.175%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05712	+0.006%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.836%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05714	+0.042%	$312	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0010%	4h	0.05709	−0.053%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0022%	8h	0.05715	+0.055%	$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
01 Exchange WLFIUSD	+0.0056%	1h	0.05716	+0.070%	$4K	$319	3x	as long as short
Hyperliquid WLFI	+0.0057%	1h	0.05710	−0.039%	$10.5M	$1.2M	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05703	−0.153%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05710	−0.036%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05712	+0.004%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05716	+0.078%	$136.7M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05709	−0.053%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05717	+0.079%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05711	−0.018%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05716	+0.070%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05712	long leg	$3.2M	$1.0M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05712	0.000%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05710	−0.035%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05715	+0.053%	$238K	$31K	10x
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05710	−0.033%	$272K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.035%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.140%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05715	+0.053%	$115	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05710	−0.037%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.438%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	+0.058%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05712	0.000%	$4.7M	$74K	75x	as long as short