Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0332%/8h= +36.3% APRpaid last 24h +0.049%

Price spread now: Backpack against Aster+0.021%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.021%, 7d avg +0.019%

Together, before fees+0.054%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLFIUSDT	0.05728	−0.0232	get 0.0116% / 4h	2h 22m	$1.6M	$567K	20x
Short	Backpack WLFI_USDC_PERP	0.05729	0.0100	get 0.0013% / 1h	22m 45s	$238K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now +0.021%Rate

Funding earned: $69.63
Price spread: +0.021% → +0.019%: $0.12
Slippage, 4 orders: −$21.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $29.9
Costs to cover: 0.399%
Break-even: 4.0 days

Slippage from Aster: live order book, 5 min ago; Backpack: live order book, just now.

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 Aster live order book, 5 min ago	2.62 bp	8.0 bp −$8	37.3 bp −$373	doesn't fit	doesn't fit
Sell Backpack live order book, just now	0.87 bp	10.1 bp −$10	doesn't fit	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	−0.0589%	1h	0.05729	+0.022%	$73K	$88K	20x	as long as short
Aster WLFIUSDTlong	−0.0232%	4h	0.05728	long leg	$1.6M	$567K	20x
Lighter WLFI	−0.0160%	1h	0.05721	−0.119%	$942K	$368K	5x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	−0.102%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05722	−0.094%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.546%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05728	+0.003%	$10K	$624	10x	as long as short
OKX WLFI-USDT-SWAP	+0.0002%	4h	0.05726	−0.032%	$7.5M	$12.4M	50x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05725	−0.044%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0049%	8h	0.05730	+0.042%	$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	+0.0080%	1h	0.05726	−0.032%	$4K	$319	3x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05719	−0.149%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.106%	$79K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05724	−0.075%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05725	−0.054%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05727	−0.011%	$137.0M	$38.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05722	−0.102%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05728	+0.005%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05727	−0.014%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05730	+0.038%	$15.3M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05728	+0.003%	$3.2M	$933K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05724	−0.067%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05722	−0.102%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05729	+0.021%	$238K	$31K	10x
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	+0.038%	$274K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.136%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.038%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05728	+0.003%	$117	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05723	−0.088%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.160%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05722	−0.102%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05725	−0.047%	$14K	—	100x	as long as short