Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: KuCoin against Backpack+0.087%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.087%, 7d avg +0.036%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.051% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05766	0.0100	pay 0.0013% / 1h	35m 18s	$234K	$31K	10x
Short	KuCoin WLFIUSDTM	0.05771	0.0100	get 0.0050% / 4h	35m 18s	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.036%: $5.11
Slippage, 4 orders: −$53.66
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.56
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; KuCoin: live order book, 2 min ago.

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	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.93 bp	31.6 bp −$32	99.2 bp −$992	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
Coinbase International WLFI-PERP-INTX	−0.0328%	1h	0.05732	−0.590%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.847%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05766	+0.008%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.867%	$6K	$77K	5.5x	as long as short
BloFin WLFI-USDT	+0.0050%	4h	0.05773	+0.121%	$4.8M	$91K	75x	as long as short
Lighter WLFI	+0.0096%	1h	0.05760	−0.104%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05761	−0.080%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	−0.067%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05762	−0.062%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05771	+0.084%	$1.6M	$533K	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	0.05763	−0.045%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	+0.059%	$139.3M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05763	−0.052%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05762	−0.069%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	−0.017%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05764	−0.035%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.052%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05771	+0.087%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05761	−0.087%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05767	+0.017%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05766	long leg	$234K	$31K	10x
Variational Omni WLFI	+0.0100%	4h	0.05757	−0.150%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05783	+0.300%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.104%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.069%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05766	0.000%	$86	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05761	−0.093%	$178K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0109%	1h	0.05769	+0.050%	$11K	$943	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05769	+0.052%	$524	$11K	10x	as long as short
01 Exchange WLFIUSD	+0.0280%	1h	0.05767	+0.017%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05763	−0.043%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0407%	1h	0.05783	+0.294%	$97K	$90K	20x	as long as short