Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.011%

Price spread now: SunX against Deribit+0.175%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on SunX

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 +$3 a day on $10k at the current rate, and SunX is 0.175% dearer against Deribit than usual: you sell high and buy low: +$17 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	Deribit WLFI_USDC-PERPETUAL	0.05730	0	get 0.0000% / 1h	28m 13s	$520	$11K	10x
Short	SunX WLFI-USDT	0.05740	0.0100	get 0.0050% / 4h	1h 28m	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.175%Rate

Funding earned: $21
Price spread: +0.175% → 0.000%: $17.45
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $23.45
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; SunX: 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 SunX live order book, 7 min ago	34.84 bp	97.7 bp −$98	doesn't fit	doesn't fit	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	−0.0200%	1h	0.05737	+0.122%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05730	+0.003%	$99K	$88K	20x	as long as short
Lighter WLFI	−0.0048%	1h	0.05721	−0.157%	$1.0M	$431K	5x	as long as short
Aster WLFIUSDT	−0.0017%	4h	0.05736	+0.101%	$1.6M	$582K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05733	+0.050%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.505%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.0000%	1h	0.05730	long leg	$520	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05731	+0.021%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.244%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05729	−0.011%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05732	+0.035%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05725	−0.087%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05729	−0.019%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05730	0.000%	$137.8M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05723	−0.122%	$20.9M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05724	−0.105%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	+0.096%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05724	−0.105%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05729	−0.017%	$13.7M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05730	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05724	−0.105%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05726	−0.070%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05728	−0.035%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05731	+0.023%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.175%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.175%	$33K	$39K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05740	+0.175%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05728	−0.035%	$111	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05723	−0.115%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05738	+0.140%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05735	+0.082%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05738	+0.140%	$4.8M	$81K	75x	as long as short