Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.022%

Price spread now: Extended against BloFin+0.001%74s7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.631% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.551%−$55 · spread now +0.001%, 7d avg −0.111%

Together, before fees−0.629%+ Points / potential airdropExtended: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.111% dearer against BloFin than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.111%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.077% in total) that is about 10 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05727	0.0340	pay 0.0170% / 4h	1h 03m	$4.8M	$82K	75x
Short	Extended WLFI-USD	0.05727	0.0104	get 0.0013% / 1h	3m 55s	$133K	$485K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$49.56
Price spread: +0.001% → −0.111%: $11.15
Slippage, 4 orders: −$46.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$101.53
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 59 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 BloFin live order book, 5 min ago	0.87 bp	12.9 bp −$13	25.0 bp −$250	62.2 bp −$6,222	doesn't fit
Sell Extended live order book, 59 min ago	2.61 bp	19.0 bp −$19	108.7 bp −$1,087	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
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	+0.175%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05737	+0.167%	$99K	$87K	20x	as long as short
Lighter WLFI	−0.0048%	1h	0.05727	0.000%	$1.0M	$434K	5x	as long as short
Aster WLFIUSDT	−0.0013%	4h	0.05731	+0.063%	$1.6M	$575K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.561%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05734	+0.122%	$520	$11K	10x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05729	+0.033%	$11K	$970	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05733	+0.107%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.192%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05731	+0.065%	$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
Hyperliquid WLFI	+0.0100%	1h	0.05732	+0.080%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05732	+0.080%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	+0.139%	$138.0M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05726	−0.017%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05728	+0.017%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05737	+0.171%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05730	+0.052%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05733	+0.105%	$13.8M	$21.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05732	+0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05732	+0.087%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05729	+0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.140%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05720	−0.116%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05737	+0.168%	$275K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.052%	$33K	$39K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05733	+0.105%	$81K	$25K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.227%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05734	+0.122%	$112	$6K	5x	as long as short
Extended WLFI-USDshort	+0.0104%	1h	0.05727	+0.001%	$133K	$485K	10x
01 Exchange WLFIUSD	+0.0112%	1h	0.05735	+0.140%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.108%	$3K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05727	long leg	$4.8M	$82K	75x