Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.052%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.052%, 7d avg −0.028%

Together, before fees−0.089%−$9 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: Bybit is 0.024% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05756	0.0100	pay 0.0050% / 4h	3h 37m	$3.3M	$1.1M	75x
Short	Bybit WLFIUSDT	0.05753	0.0100	get 0.0050% / 4h	3h 37m	$21.2M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.028%: −$2.39
Slippage, 4 orders: −$47.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.76
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bybit: 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 KuCoin live order book, 10 min ago	7.84 bp	20.8 bp −$21	93.4 bp −$934	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.87 bp	9.9 bp −$10	29.5 bp −$295	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	−0.0109%	1h	0.05759	+0.048%	$73K	$49K	20x	as long as short
Lighter WLFI	−0.0032%	1h	0.05752	−0.069%	$987K	$394K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.053%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.027%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05757	+0.016%	$315	—	150x	as long as short
Aster WLFIUSDT	+0.0018%	4h	0.05756	+0.008%	$1.6M	$586K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.695%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0086%	8h	0.05760	+0.069%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05755	−0.009%	$80K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05755	−0.023%	$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	0.05754	−0.026%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05760	+0.061%	$137.9M	$39.7M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05753	−0.052%	$21.2M	$17.6M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05754	−0.035%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05761	+0.087%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05757	+0.017%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05759	+0.052%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05756	long leg	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05755	−0.017%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05761	+0.087%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05756	0.000%	$239K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05755	−0.024%	$446K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.104%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.069%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.069%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05757	+0.017%	$109	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05755	−0.025%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05759	+0.052%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.330%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	−0.026%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0271%	1h	0.05761	+0.087%	$523	$11K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.139%	$4.7M	$77K	75x	as long as short