Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h 0.000%

Price spread now: Paradex against Deribit−0.172%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.172% cheaper against Deribit than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05805	0	get 0.0000% / 1h	16m 28s	$527	$11K	10x
Short	Paradex WLFI-USD-PERP	0.05795	0.0097	get 0.0097% / 8h	3h 16m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.172%Rate

Funding earned: $20.35
Price spread: −0.172% → 0.000%: −$17.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.85
Costs to cover: 0.110%
Break-even: 9.7 days

Slippage unknown: Deribit: no order-book sample; Paradex: 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 Deribit no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.147%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.0000%	1h	0.05805	long leg	$527	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05799	−0.095%	$317	—	150x	as long as short
dYdX WLFI-USD	+0.0012%	1h	0.05804	−0.020%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.533%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0048%	1h	0.05793	−0.207%	$1.0M	$450K	5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.171%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	+0.0092%	4h	0.05797	−0.146%	$1.6M	$579K	20x	as long as short
Paradex WLFI-USD-PERPshort	+0.0097%	8h	0.05795	−0.172%	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05797	−0.138%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05798	−0.119%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05797	−0.131%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05800	−0.089%	$139.7M	$42.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05794	−0.189%	$21.0M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05797	−0.138%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05799	−0.107%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05801	−0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05795	−0.172%	$13.4M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05800	−0.086%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05795	−0.172%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05799	−0.103%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05802	−0.052%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05805	+0.008%	$453K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05810	+0.086%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.086%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.086%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05803	−0.034%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05796	−0.157%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0152%	1h	0.05801	−0.069%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05803	−0.034%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05808	+0.045%	$97K	$91K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05802	−0.052%	$4.8M	$88K	75x	as long as short