Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0428%/8h= −46.8% APRpaid last 24h +0.018%

Price spread now: Coinbase International against Paradex−0.654%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Coinbase International

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.654% cheaper against Paradex than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex WLFI-USD-PERP	0.05770	0.0100	pay 0.0100% / 8h	39m 37s	$2K	$118	5x
Short	Coinbase International WLFI-PERP-INTX	0.05732	−0.0328	pay 0.0041% / 1h	39m 37s	$21K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.654%Rate

Funding earned: −$89.85
Price spread: −0.654% → 0.000%: −$65.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$169.22
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Coinbase International: 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Paradex and Coinbase International: 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-INTXshort	−0.0328%	1h	0.05732	−0.654%	$21K	$27K	50x
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.782%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05771	+0.025%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.931%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	−0.030%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERPlong	+0.0100%	8h	0.05770	long leg	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05772	+0.031%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	+0.010%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05772	+0.039%	$1.6M	$533K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05771	+0.019%	$246K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05775	+0.096%	$139.5M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05766	−0.065%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05770	+0.005%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05773	+0.062%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	+0.022%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05775	+0.091%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05775	+0.091%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	+0.022%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05770	+0.005%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05773	+0.057%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05770	+0.011%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05779	+0.167%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.178%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.178%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05774	+0.074%	$82	$5K	5x	as long as short
BloFin WLFI-USDT	+0.0103%	4h	0.05784	+0.247%	$4.8M	$91K	75x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−0.031%	$174K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0121%	1h	0.05770	+0.004%	$11K	$943	5x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05775	+0.091%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05773	+0.052%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05790	+0.357%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0443%	1h	0.05778	+0.143%	$524	$11K	10x	as long as short