Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Bybit+0.008%52s7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 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	Bybit WLFIUSDT	0.05763	0.0100	pay 0.0050% / 4h	2h 26m	$21.1M	$19.4M	75x
Short	gTrade (Gains Network) WLFI/USD	0.05763	L +0.0005% / S −0.0005%	get 0.0001% / 1h	26m 30s	$315	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.008%Rate

Funding earned: −$20.02
Price spread: +0.008% → 0.000%: $0.76
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.26
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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 Bybit live order book, 2 min ago	0.87 bp	10.4 bp −$10	44.1 bp −$441	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.451%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.907%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDshort	L +0.0005% / S −0.0005%	1h	0.05763	+0.008%	$315	—	150x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.816%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0039%	1h	0.05769	+0.098%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05760	−0.052%	$1.0M	$456K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.006%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05764	+0.026%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05763	+0.003%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05765	+0.027%	$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	+0.059%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05767	+0.071%	$139.1M	$42.8M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05763	long leg	$21.1M	$19.4M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05764	+0.017%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05767	+0.064%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05764	+0.017%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.104%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05770	+0.121%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05761	−0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05765	+0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05765	+0.035%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05769	+0.097%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	+0.295%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.121%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.121%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	+0.035%	$89	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	−0.011%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05770	+0.121%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05768	+0.087%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05763	0.000%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05772	+0.156%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05768	+0.087%	$97K	$90K	20x	as long as short