Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SunX against Backpack−0.035%7-day average +0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2102.105% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.035%, 7d avg +0.129%

Together, before fees+0.513%+$51 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: SunX is 0.164% cheaper against Backpack than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05752	0.0100	pay 0.0013% / 1h	42m 29s	$239K	$27K	10x
Short	SunX WLFI-USDT	0.05750	0.0100	get 0.0050% / 4h	2h 42m	$39K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.129%: −$16.38
Slippage, 4 orders: −$192.48
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$226.87
Costs to cover: 2.105%
Break-even: never at this rate

Slippage from Backpack: live order book, 26 min ago; SunX: live order book, 3 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, 26 min ago	0.87 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	34.78 bp	97.5 bp −$97	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	−0.0329%	1h	0.05754	+0.035%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0224%	1h	0.05735	−0.296%	$994K	$405K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.261%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05740	−0.217%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.104%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05753	+0.022%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.626%	$6K	$77K	5.5x	as long as short
01 Exchange WLFIUSD	+0.0040%	1h	0.05743	−0.156%	$4K	$319	3x	as long as short
Aster WLFIUSDT	+0.0045%	4h	0.05743	−0.156%	$1.6M	$590K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0075%	8h	0.05740	−0.201%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05756	+0.070%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05738	−0.243%	$79K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05738	−0.235%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05741	−0.198%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05743	−0.156%	$137.6M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05736	−0.278%	$20.9M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05738	−0.243%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05746	−0.108%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05739	−0.226%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05743	−0.156%	$14.9M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05744	−0.139%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05737	−0.261%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05745	−0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05752	long leg	$239K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05739	−0.233%	$444K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.034%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.035%	$33K	$43K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05750	−0.035%	$39K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05755	+0.052%	$124	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05737	−0.268%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	+0.035%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.209%	$4.8M	$79K	75x	as long as short