Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: Injective against MEXC−0.035%70s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 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 −$2 a day on $10k at the current rate, and Injective is 0.035% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLFI_USDT	0.05718	0.0100	pay 0.0050% / 4h	44m 02s	$13.7M	$21.1M	100x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	44m 02s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$14
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$17.52
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Injective: 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, 5 min ago	0.88 bp	0.9 bp −$1	5.2 bp −$52	31.5 bp −$3,154	91.4 bp −$45.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Lighter WLFI	−0.0088%	1h	0.05712	−0.105%	$1.0M	$437K	5x	as long as short
Aster WLFIUSDT	−0.0057%	4h	0.05714	−0.074%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.332%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	−0.043%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.727%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05719	+0.009%	$313	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−0.035%	$6K	$77K	5.5x
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05711	−0.127%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05722	+0.070%	$519	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05716	−0.043%	$81K	$24K	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	0.05716	−0.033%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05714	−0.072%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05724	+0.101%	$137.8M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05715	−0.052%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05716	−0.035%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05721	+0.052%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05719	+0.017%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05718	long leg	$13.7M	$21.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05714	−0.070%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05720	+0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05720	+0.035%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05708	−0.176%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.035%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05700	−0.315%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.210%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05720	+0.035%	$111	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05714	−0.070%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05721	+0.052%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05722	+0.068%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05716	−0.040%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05719	+0.017%	$4.8M	$84K	75x	as long as short