Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.012%

Price spread now: MEXC against Deribit−0.035%7-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 MEXC

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.035% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05753	0.0272	pay 0.0034% / 1h	12m 23s	$522	$11K	10x
Short	MEXC WLFI_USDT	0.05751	0.0100	get 0.0050% / 4h	12m 23s	$13.7M	$21.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$36.07
Price spread: −0.035% → 0.000%: −$3.48
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$46.54
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.87 bp	0.9 bp −$1	3.7 bp −$37	54.7 bp −$5,472	103.0 bp −$51.5K

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
Lighter WLFI	−0.0056%	1h	0.05742	−0.191%	$1.0M	$442K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.278%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0047%	4h	0.05744	−0.156%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.087%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05748	−0.083%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.643%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0068%	4h	0.05742	−0.183%	$448K	$40K	—	as long as short
Paradex WLFI-USD-PERP	+0.0088%	8h	0.05746	−0.126%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05747	−0.113%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05747	−0.113%	$10.5M	$1.3M	5x	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	0.05746	−0.118%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05751	−0.031%	$138.5M	$41.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05744	−0.156%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05747	−0.104%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05748	−0.087%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05747	−0.104%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05751	−0.035%	$13.7M	$21.4M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05745	−0.139%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05745	−0.139%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05744	−0.156%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05750	−0.052%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	−0.084%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.226%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.122%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05752	−0.017%	$103	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05745	−0.140%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05751	−0.035%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05752	−0.018%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0201%	1h	0.05734	−0.331%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	−0.136%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0272%	1h	0.05753	long leg	$522	$11K	10x
BloFin WLFI-USDT	+0.0340%	4h	0.05755	+0.035%	$4.8M	$87K	75x	as long as short