Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h −0.009%

Price spread now: Deribit against Binance−0.105%55s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Deribit is 0.105% cheaper against Binance than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). The two prices were read 55 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	Binance WLFIUSDT	0.05798	0.0100	pay 0.0050% / 4h	2h 48m	$139.9M	$42.3M	75x
Short	Deribit WLFI_USDC-PERPETUAL	0.05792	0.0268	get 0.0034% / 1h	48m 26s	$526	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.105%Rate

Funding earned: $35.33
Price spread: −0.105% → 0.000%: −$10.48
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $7.85
Costs to cover: 0.170%
Break-even: 5.4 days

Slippage unknown: Binance: live order book, 10 min ago; Deribit: 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 Binance live order book, 10 min ago	0.87 bp	13.4 bp −$13	24.4 bp −$244	97.4 bp −$9,741	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0144%	1h	0.05737	−1.053%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.270%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05793	−0.081%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.416%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0071%	1h	0.05788	−0.174%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0088%	1h	0.05784	−0.243%	$1.0M	$454K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05787	−0.191%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05788	−0.174%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05794	−0.074%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05793	−0.096%	$1.6M	$584K	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	0.05790	−0.144%	$247K	$14K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05798	long leg	$139.9M	$42.3M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05791	−0.122%	$21.2M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05793	−0.088%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05795	−0.053%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05792	−0.105%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05796	−0.036%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05792	−0.105%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05792	−0.105%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05792	−0.105%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05790	−0.139%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05785	−0.217%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	−0.139%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.139%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	−0.139%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05788	−0.174%	$96	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05791	−0.114%	$133K	$695K	10x	as long as short
01 Exchange WLFIUSD	+0.0200%	1h	0.05799	+0.016%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUALshort	+0.0268%	1h	0.05792	−0.105%	$526	$11K	10x
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05794	−0.070%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05793	−0.088%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05792	−0.098%	$97K	$91K	20x	as long as short