WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Backpack−0.140%72s7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Injective

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.140% cheaper against Backpack than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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	Backpack WLFI_USDC_PERP	0.05724	0.0100	pay 0.0013% / 1h	59m 42s	$238K	$27K	10x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	59m 42s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Backpack. 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 BackpackbpFee InjectivebpOrdersPrice spread, now −0.140%Rate

Funding earned: −$14
Price spread: −0.140% → 0.000%: −$13.98
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 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 Backpack live order book, 3 min ago	0.87 bp	9.5 bp −$9	doesn't fit	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 31 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	−0.0331%	1h	0.05727	+0.055%	$99K	$85K	20x	as long as short
Lighter WLFI	−0.0072%	1h	0.05726	+0.035%	$999K	$419K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.227%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	+0.061%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.615%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05728	+0.070%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	+0.133%	$313	—	150x	as long as short
Hyperliquid WLFI	+0.0011%	1h	0.05727	+0.052%	$10.4M	$1.3M	5x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−0.140%	$6K	$77K	5.5x
Aster WLFIUSDT	+0.0041%	4h	0.05725	+0.014%	$1.6M	$582K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0064%	1h	0.05732	+0.140%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05729	+0.096%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05731	+0.131%	$81K	$23K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05730	+0.110%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	+0.196%	$137.7M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05727	+0.052%	$20.9M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05728	+0.070%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05735	+0.199%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05728	+0.070%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05733	+0.157%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05732	+0.140%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05729	+0.087%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05729	+0.087%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05724	long leg	$238K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05739	+0.271%	$448K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	+0.418%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.280%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.280%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05727	+0.052%	$122	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05727	+0.055%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.155%	$3K	—	100x	as long as short