Funding arb · Price arb /

WLFI

all WLFI markets

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 0.000%

Price spread now: Bybit against SunX−0.192%46s7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2142.141% of the position

Long on SunX 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 3 days (all we have)−0.157%−$16 · spread now −0.192%, 7d avg −0.136%

Together, before fees−0.265%−$27 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 0.056% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.136%. The two prices were read 46 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	SunX WLFI-USDT	0.05720	0.0100	pay 0.0050% / 4h	2h 34m	$38K	$1.7M	20x
Short	Bybit WLFIUSDT	0.05709	0.0100	get 0.0050% / 4h	2h 34m	$20.4M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.192%Rate

Funding earned: $0
Price spread: −0.192% → −0.136%: −$5.64
Slippage, 4 orders: −$195.09
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$219.73
Costs to cover: 2.141%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Bybit: live order book, 4 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 SunX live order book, 11 min ago	34.97 bp	95.0 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.88 bp	13.9 bp −$14	39.2 bp −$392	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	−0.0591%	1h	0.05716	−0.065%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0255%	4h	0.05716	−0.070%	$1.6M	$568K	20x	as long as short
Lighter WLFI	−0.0200%	1h	0.05710	−0.175%	$941K	$367K	5x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.035%	$6K	$64K	5.5x	as long as short
OKX WLFI-USDT-SWAP	−0.0011%	4h	0.05709	−0.192%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05720	+0.007%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.689%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05720	0.000%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05718	−0.028%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0043%	8h	0.05720	0.000%	$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	+0.0048%	1h	0.05717	−0.052%	$4K	$319	3x	as long as short
Gate WLFI_USDT	+0.0070%	4h	0.05715	−0.087%	$3.4M	$2.8M	75x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05712	−0.146%	$79K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05711	−0.156%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05713	−0.126%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05717	−0.045%	$136.7M	$38.5M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05709	−0.192%	$20.4M	$16.9M	75x
Arcus WLFI-USD	+0.0100%	1h	0.05720	−0.007%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05717	−0.052%	$14.6M	$20.9M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	−0.070%	$3.2M	$931K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05714	−0.105%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05714	−0.105%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05717	−0.052%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05707	−0.222%	$442K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05719	−0.021%	$276K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	0.000%	$33K	$41K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05720	long leg	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05717	−0.052%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05711	−0.161%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05735	+0.262%	$33K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05715	−0.087%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05716	−0.072%	$14K	—	100x	as long as short