Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.015%

Price spread now: Injective against Variational Omni+0.018%61s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 61 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	Variational Omni WLFI	0.05715	0.0100	pay 0.0050% / 4h	1h 42m	$442K	$30K	—
Short	Injective WLFI/USDC PERP	0.05716	0.0082	get 0.0010% / 1h	42m 23s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$3.85
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$2.04
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 42 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 Variational Omni RFQ quote, 42 min ago	4.37 bp	doesn't fit	34.1 bp −$341	doesn't fit	doesn't fit
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
Kraken Futures PF_WLFIUSD	−0.0704%	1h	0.05725	+0.171%	$73K	$70K	20x	as long as short
Lighter WLFI	−0.0376%	1h	0.05716	+0.018%	$946K	$374K	5x	as long as short
Aster WLFIUSDT	−0.0299%	4h	0.05727	+0.211%	$1.6M	$568K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05729	+0.241%	$11K	$970	5x	as long as short
01 Exchange WLFIUSD	0.0000%	1h	0.05724	+0.158%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.785%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05727	+0.211%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05726	+0.194%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0007%	8h	0.05724	+0.160%	$2K	$108	5x	as long as short
OKX WLFI-USDT-SWAP	+0.0011%	4h	0.05721	+0.106%	$7.5M	$12.5M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0022%	1h	0.05721	+0.107%	$10.5M	$1.2M	5x	as long as short
ApeX Omni WLFIUSDT	+0.0042%	1h	0.05710	−0.087%	$33K	$41K	50x	as long as short
Injective WLFI/USDC PERPshort	+0.0082%	1h	0.05716	+0.018%	$6K	$77K	5.5x
Nado WLFI-PERP	+0.0100%	1h	0.05722	+0.120%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05722	+0.120%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05726	+0.193%	$137.0M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05721	+0.106%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05727	+0.209%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05722	+0.123%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05723	+0.141%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05726	+0.193%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05723	+0.141%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05724	+0.158%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05726	+0.193%	$238K	$30K	10x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05715	long leg	$442K	$30K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.088%	$276K	$1.9M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.263%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05726	+0.193%	$123	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05722	+0.115%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05724	+0.167%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05728	+0.228%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.386%	$32K	$16K	50x	as long as short