Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Backpack against Binance−0.023%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Binance Short on Backpack

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)−0.083%−$8 · spread now −0.023%, 7d avg −0.066%

Together, before fees−0.321%−$32 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: Backpack is 0.043% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLFIUSDT	0.05727	0.0100	pay 0.0050% / 4h	1h 19m	$137.1M	$38.9M	75x
Short	Backpack WLFI_USDC_PERP	0.05726	0.0100	get 0.0013% / 1h	19m 03s	$238K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.066%: $4.28
Slippage, 4 orders: −$20.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$35.77
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Backpack: live order book, 64 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 Binance live order book, 9 min ago	0.88 bp	10.2 bp −$10	20.6 bp −$206	77.4 bp −$7,740	doesn't fit
Sell Backpack live order book, 64 min ago	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	−0.0704%	1h	0.05725	−0.040%	$73K	$67K	20x	as long as short
Aster WLFIUSDT	−0.0290%	4h	0.05726	−0.023%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0256%	1h	0.05718	−0.162%	$951K	$378K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0005%	4h	0.05722	−0.093%	$7.5M	$12.5M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05720	−0.135%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.554%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05727	−0.005%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05725	−0.042%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0008%	1h	0.05727	−0.005%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0024%	8h	0.05726	−0.026%	$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
Gate WLFI_USDT	+0.0078%	4h	0.05721	−0.110%	$3.4M	$2.8M	75x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.197%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0088%	4h	0.05716	−0.201%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.084%	$79K	$31K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05722	−0.094%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05724	−0.061%	$243K	$10K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05727	long leg	$137.1M	$38.9M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05722	−0.093%	$20.6M	$17.1M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05728	+0.017%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05727	−0.005%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05725	−0.040%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05722	−0.093%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05724	−0.058%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05726	−0.023%	$238K	$29K	10x
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	−0.127%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.128%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.047%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05726	−0.023%	$122	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05721	−0.103%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05725	−0.040%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05727	−0.005%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.169%	$32K	$16K	50x	as long as short