Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Paradex against Backpack−0.093%7-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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.093% cheaper against Backpack than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05785	0.0100	pay 0.0013% / 1h	59m 26s	$235K	$31K	10x
Short	Paradex WLFI-USD-PERP	0.05780	0.0100	get 0.0100% / 8h	59m 26s	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$0.05
Price spread: −0.093% → 0.000%: −$9.26
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 44 min ago; Paradex: 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, 44 min ago	0.87 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Coinbase International WLFI-PERP-INTX	−0.0312%	1h	0.05737	−0.830%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.506%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05781	−0.061%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.193%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0056%	1h	0.05780	−0.079%	$11K	$943	5x	as long as short
BloFin WLFI-USDT	+0.0095%	4h	0.05785	0.000%	$4.8M	$92K	75x	as long as short
Lighter WLFI	+0.0096%	1h	0.05778	−0.121%	$1.0M	$466K	5x	as long as short
Paradex WLFI-USD-PERPshort	+0.0100%	8h	0.05780	−0.093%	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05780	−0.079%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05779	−0.099%	$10.6M	$1.3M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0100%	4h	0.05782	−0.060%	$1.6M	$535K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05781	−0.064%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05785	−0.004%	$139.7M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05778	−0.121%	$21.1M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05782	−0.052%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05783	−0.026%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	−0.052%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05783	−0.035%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05782	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05779	−0.104%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05782	−0.052%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05785	long leg	$235K	$31K	10x
Variational Omni WLFI	+0.0100%	4h	0.05778	−0.113%	$451K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05788	+0.056%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.086%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.086%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	0.000%	$79	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05780	−0.088%	$174K	$523K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05784	−0.017%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	−0.036%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05789	+0.066%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05788	+0.052%	$525	$11K	10x	as long as short