Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.006%

Price spread now: Coinbase International against BingX−1.256%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Coinbase International

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 1.256% cheaper against BingX than usual: you would sell low and buy high (−$126 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDC	0.05810	0.0100	pay 0.0050% / 4h	3h 21m	—	$2.3M	—
Short	Coinbase International WLFI-PERP-INTX	0.05737	0.0048	get 0.0006% / 1h	21m 01s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now −1.256%Rate

Funding earned: −$10.92
Price spread: −1.256% → 0.000%: −$125.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$156.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 min ago; Coinbase International: 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 BingX live order book, 12 min ago	1.73 bp	16.6 bp −$17	75.9 bp −$759	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.055%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05812	+0.034%	$527	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05810	−0.004%	$318	—	150x	as long as short
dYdX WLFI-USD	+0.0014%	1h	0.05809	−0.009%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.618%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTXshort	+0.0048%	1h	0.05737	−1.256%	$32K	$15K	50x
Lighter WLFI	+0.0064%	1h	0.05804	−0.103%	$1.0M	$450K	5x	as long as short
Aster WLFIUSDT	+0.0076%	4h	0.05810	0.000%	$1.6M	$579K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0097%	8h	0.05811	+0.020%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05808	−0.043%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05808	−0.031%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05810	+0.007%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05813	+0.052%	$140.1M	$41.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05807	−0.052%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05808	−0.034%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05810	+0.007%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05809	−0.017%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05813	+0.052%	$13.5M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05811	+0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05805	−0.086%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDClong	+0.0100%	4h	0.05810	long leg	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05811	+0.017%	$242K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05805	−0.078%	$453K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05800	−0.172%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.172%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05820	+0.172%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05811	+0.017%	$104	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05808	−0.036%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0152%	1h	0.05814	+0.069%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05806	−0.067%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0337%	1h	0.05814	+0.072%	$97K	$91K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05816	+0.103%	$4.8M	$88K	75x	as long as short