Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h +0.008%

Price spread now: Coinbase International against SunX−0.915%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.915% cheaper against SunX than usual: you would sell low and buy high (−$92 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	SunX WLFI-USDT	0.05790	0.0100	pay 0.0050% / 4h	2h 20m	$38K	$1.7M	20x
Short	Coinbase International WLFI-PERP-INTX	0.05737	−0.0144	pay 0.0018% / 1h	20m 29s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.915%Rate

Funding earned: −$51.24
Price spread: −0.915% → 0.000%: −$91.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$160.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; 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 SunX live order book, 5 min ago	34.54 bp	93.9 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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	−0.0144%	1h	0.05737	−0.915%	$32K	$15K	50x
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.416%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05780	−0.173%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.278%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0038%	1h	0.05778	−0.199%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05780	−0.173%	$1.0M	$458K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05780	−0.179%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05779	−0.199%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05779	−0.193%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05781	−0.154%	$1.6M	$580K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05783	−0.123%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05784	−0.104%	$139.5M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05780	−0.173%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05778	−0.207%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05783	−0.112%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05781	−0.155%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05786	−0.069%	$13.8M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05785	−0.086%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05782	−0.138%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05783	−0.121%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05784	−0.104%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05778	−0.199%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05787	−0.057%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.173%	$33K	$38K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05790	long leg	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05784	−0.104%	$88	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.192%	$176K	$735K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05784	−0.104%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05781	−0.147%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05786	−0.069%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05783	−0.115%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05785	−0.086%	$525	$11K	10x	as long as short