Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1271%/8h= +139.2% APRpaid last 24h +4.265%

Price spread now: GMX against MEXC−0.057%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.057% cheaper against MEXC than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$38 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLFI_USDT	0.05740	0.0100	pay 0.0050% / 4h	3h 00m	$13.7M	$20.8M	100x
Short	GMX WLFI/USD [ETH-USDC]	0.05737	L +0.0302% / S −0.1371%	get 0.0171% / 1h	0m 40s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $266.97
Price spread: −0.057% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $249.22
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: MEXC: live order book, 3 min ago; GMX: no order-book sample. 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 MEXC live order book, 3 min ago	0.87 bp	0.9 bp −$1	3.9 bp −$39	59.2 bp −$5,924	123.2 bp −$61.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0536%	1h	0.05732	−0.139%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0096%	1h	0.05739	−0.017%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.324%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05739	−0.010%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.418%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0057%	1h	0.05740	0.000%	$10K	$4K	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05732	−0.139%	$1.0M	$476K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05742	+0.035%	$521	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05734	−0.099%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	0.000%	$83K	$26K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05738	−0.040%	$10.5M	$1.2M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05736	−0.065%	$1.6M	$549K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05737	−0.049%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05741	+0.014%	$138.3M	$43.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05734	−0.105%	$21.1M	$19.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05734	−0.105%	$7.7M	$14.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05738	−0.037%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05736	−0.070%	$3.4M	$3.3M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05740	long leg	$13.7M	$20.8M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05740	0.000%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05736	−0.070%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05739	−0.017%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05739	−0.017%	$234K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05736	−0.062%	$447K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.166%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	0.000%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.174%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05741	+0.017%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05734	−0.106%	$172K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0302% / S −0.1371%	1h	0.05737	−0.057%	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05746	+0.105%	$4.8M	$98K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2361%	1h	0.05740	0.000%	$96K	$133K	20x	as long as short