Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Backpack against Nado+0.165%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.165% dearer against Nado than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLFI-PERP	0.05752	0.0100	pay 0.0012% / 1h	56m 31s	$79K	$31K	5x
Short	Backpack WLFI_USDC_PERP	0.05762	0.0100	get 0.0013% / 1h	56m 31s	$240K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → 0.000%: $16.51
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$0.49
Costs to cover: 0.170%
Break-even: 2695859948475.3 days

Slippage unknown: Nado: no order-book sample; Backpack: live order book, 22 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Backpack live order book, 22 min ago	0.87 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit

Nado: 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
Kraken Futures PF_WLFIUSD	−0.0432%	1h	0.05765	+0.218%	$73K	$60K	20x	as long as short
Aster WLFIUSDT	−0.0188%	4h	0.05756	+0.063%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.115%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.091%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05764	+0.200%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05761	+0.149%	$315	—	150x	as long as short
Lighter WLFI	+0.0016%	1h	0.05749	−0.061%	$963K	$385K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.635%	$6K	$77K	5.5x	as long as short
OKX WLFI-USDT-SWAP	+0.0041%	4h	0.05753	+0.009%	$7.5M	$12.7M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0053%	8h	0.05759	+0.109%	$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	+0.0088%	1h	0.05759	+0.113%	$4K	$319	3x	as long as short
Nado WLFI-PERPlong	+0.0100%	1h	0.05752	long leg	$79K	$31K	5x
Hyperliquid WLFI	+0.0100%	1h	0.05753	+0.012%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05755	+0.038%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05758	+0.096%	$137.7M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05750	−0.043%	$21.0M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05761	+0.144%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05757	+0.078%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05756	+0.061%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05759	+0.113%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05754	+0.026%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05755	+0.043%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05762	+0.165%	$240K	$29K	10x
Variational Omni WLFI	+0.0100%	4h	0.05733	−0.344%	$443K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	−0.217%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.217%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.304%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	+0.217%	$130	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05752	−0.011%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	+0.203%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05770	+0.304%	$4.7M	$70K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.269%	$32K	$16K	50x	as long as short