Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h +0.043%

Price spread now: BloFin against Deribit−0.017%57s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BloFin

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

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 57 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	Deribit WLFI_USDC-PERPETUAL	0.05783	0.0442	pay 0.0055% / 1h	16m 10s	$525	$11K	10x
Short	BloFin WLFI-USDT	0.05782	0.0340	get 0.0170% / 4h	1h 16m	$4.8M	$84K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$21.45
Price spread: −0.017% → 0.000%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 7 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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	1.73 bp	7.7 bp −$8	17.6 bp −$176	57.3 bp −$5,733	doesn't fit

Deribit: 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	−0.0312%	1h	0.05737	−0.795%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.543%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05770	−0.218%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.159%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0066%	1h	0.05772	−0.199%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05773	−0.173%	$1.0M	$464K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05771	−0.208%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05772	−0.182%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05776	−0.128%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05779	−0.074%	$1.6M	$535K	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	0.05773	−0.173%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05782	−0.017%	$139.6M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05777	−0.104%	$21.0M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05776	−0.121%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	−0.137%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05779	−0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05781	−0.035%	$13.8M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05780	−0.052%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05778	−0.086%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05781	−0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05779	−0.069%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05765	−0.303%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05775	−0.142%	$283K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.225%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	−0.052%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05779	−0.069%	$90	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05774	−0.158%	$174K	$523K	10x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05777	−0.104%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05773	−0.175%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05781	−0.039%	$97K	$90K	20x	as long as short
BloFin WLFI-USDTshort	+0.0340%	4h	0.05782	−0.017%	$4.8M	$84K	75x
Deribit WLFI_USDC-PERPETUALlong	+0.0442%	1h	0.05783	long leg	$525	$11K	10x