Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1031%/8h= +112.9% APRpaid last 24h +4.198%

Price spread now: GMX against BloFin−0.147%51s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.147% cheaper against BloFin than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 11 hours of funding at the current rate (+$31 a day). The two prices were read 51 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	BloFin WLFI-USDT	0.05772	0.0340	pay 0.0170% / 4h	2h 26m	$4.8M	$87K	75x
Short	GMX WLFI/USD [ETH-USDC]	0.05763	L +0.0303% / S −0.1371%	get 0.0171% / 1h	26m 01s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.147%Rate

Funding earned: $216.57
Price spread: −0.147% → 0.000%: −$14.73
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $177.84
Costs to cover: 0.240%
Break-even: 1.3 days

Slippage unknown: BloFin: live order book, 3 min ago; GMX: 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 BloFin live order book, 3 min ago	2.60 bp	16.3 bp −$16	24.0 bp −$240	74.0 bp −$7,402	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.606%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.743%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05764	−0.131%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.970%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0039%	1h	0.05769	−0.058%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05759	−0.225%	$1.0M	$456K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.162%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05764	−0.130%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05763	−0.147%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05765	−0.128%	$1.6M	$587K	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	0.05766	−0.097%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	−0.050%	$139.1M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05762	−0.173%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05764	−0.139%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05767	−0.092%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05765	−0.121%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05768	−0.069%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	−0.087%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05762	−0.173%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05764	−0.139%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05765	−0.121%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05761	−0.198%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	+0.139%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.035%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	−0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05766	−0.104%	$86	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	−0.158%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05770	−0.035%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05768	−0.069%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0303% / S −0.1371%	1h	0.05763	−0.147%	$7K	—	100x
BloFin WLFI-USDTlong	+0.0340%	4h	0.05772	long leg	$4.8M	$87K	75x
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05769	−0.052%	$97K	$90K	20x	as long as short