Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h −0.008%

Price spread now: BingX against Coinbase International+0.680%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on BingX

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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.680% dearer against Coinbase International than usual: you sell high and buy low: +$68 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLFI-PERP-INTX	0.05732	−0.0328	get 0.0041% / 1h	37m 32s	$21K	$27K	50x
Short	BingX WLFI-USDT	0.05771	0.0100	get 0.0050% / 4h	37m 32s	—	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.680%Rate

Funding earned: $89.88
Price spread: +0.680% → 0.000%: $68.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $137.92
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 15 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 15 min ago	2.60 bp	12.9 bp −$13	26.3 bp −$263	77.9 bp −$7,789	552.7 bp −$276.4K

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
Coinbase International WLFI-PERP-INTXlong	−0.0328%	1h	0.05732	long leg	$21K	$27K	50x
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.470%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05770	+0.671%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.279%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	+0.628%	$1.0M	$467K	5x	as long as short
BloFin WLFI-USDT	+0.0096%	4h	0.05778	+0.803%	$4.8M	$91K	75x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05770	+0.665%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05769	+0.654%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	+0.672%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05772	+0.695%	$1.6M	$533K	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	0.05772	+0.689%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05775	+0.750%	$139.4M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05766	+0.593%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05771	+0.680%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05774	+0.726%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05770	+0.663%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05776	+0.768%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05773	+0.715%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05770	+0.663%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDTshort	+0.0100%	4h	0.05771	+0.680%	—	$7.4M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05768	+0.628%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05770	+0.669%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05783	+0.895%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.837%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.837%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05773	+0.715%	$83	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	+0.637%	$174K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0118%	1h	0.05770	+0.662%	$11K	$943	5x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05775	+0.750%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05772	+0.705%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0407%	1h	0.05784	+0.899%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0443%	1h	0.05776	+0.768%	$524	$11K	10x	as long as short