Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.012%

Price spread now: Variational Omni against 01 Exchange−0.360%48s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.360% cheaper against 01 Exchange than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	01 Exchange WLFIUSD	0.05802	0.0360	pay 0.0045% / 1h	58m 47s	$4K	$335	3x
Short	Variational Omni WLFI	0.05781	0.0100	get 0.0050% / 4h	1h 58m	$451K	$33K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now −0.360%Rate

Funding earned: −$54.6
Price spread: −0.360% → 0.000%: −$35.95
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$97.55
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 53 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 53 min ago	4.38 bp	doesn't fit	39.4 bp −$394	doesn't fit	doesn't fit

01 Exchange: 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 exchanges

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-INTX	−0.0384%	1h	0.05732	−1.206%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05788	−0.235%	$8K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.197%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05785	−0.289%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.482%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05802	0.000%	$1.1M	$449K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05803	+0.024%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05795	−0.112%	$88K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05805	+0.057%	$10.6M	$938K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05806	+0.072%	$1.6M	$548K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05806	+0.078%	$248K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05810	+0.138%	$140.0M	$43.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05809	+0.121%	$21.5M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05804	+0.034%	$7.7M	$13.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05798	−0.076%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05806	+0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05809	+0.121%	$12.8M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05806	+0.069%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05805	+0.052%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05804	+0.034%	—	$2.3M	—	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05781	−0.360%	$451K	$33K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	−0.210%	$289K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.379%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.138%	$39K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05805	+0.052%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05801	−0.024%	$175K	$1.0M	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0251%	1h	0.05806	+0.069%	$233K	$34K	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0267%	1h	0.05808	+0.103%	$527	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05794	−0.131%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05800	−0.034%	$4.9M	$95K	75x	as long as short
01 Exchange WLFIUSDlong	+0.0360%	1h	0.05802	long leg	$4K	$335	3x
Kraken Futures PF_WLFIUSD	+0.0486%	1h	0.05809	+0.125%	$97K	$130K	20x	as long as short