Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended−0.020%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.020%, 7d avg +0.038%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLFI-USD	0.05762	0.0104	pay 0.0013% / 1h	15m 46s	$174K	$1.0M	10x
Short	Bybit WLFIUSDT	0.05761	0.0100	get 0.0050% / 4h	15m 46s	$21.1M	$19.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → +0.038%: −$5.74
Slippage, 4 orders: −$41.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.16
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 3 min ago.

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 Extended live order book, 2 min ago	2.60 bp	17.8 bp −$18	75.0 bp −$750	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.87 bp	10.4 bp −$10	34.0 bp −$340	doesn't fit	doesn't fit

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	−0.0328%	1h	0.05732	−0.523%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.920%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05764	+0.026%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.801%	$6K	$77K	5.5x	as long as short
BloFin WLFI-USDT	+0.0066%	4h	0.05767	+0.084%	$4.8M	$91K	75x	as long as short
dYdX WLFI-USD	+0.0075%	1h	0.05765	+0.041%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05761	−0.020%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05761	−0.013%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05763	+0.024%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05764	+0.027%	$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
Aster WLFIUSDT	+0.0100%	4h	0.05764	+0.032%	$1.6M	$533K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05763	+0.008%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05771	+0.149%	$139.3M	$42.9M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05761	−0.020%	$21.1M	$19.4M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05763	+0.015%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	+0.055%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05764	+0.032%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.119%	$13.7M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	+0.015%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05762	−0.002%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05763	+0.015%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05765	+0.050%	$234K	$30K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05758	−0.079%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	+0.137%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.037%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.137%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	+0.050%	$90	$5K	5x	as long as short
Extended WLFI-USDlong	+0.0104%	1h	0.05762	long leg	$174K	$1.0M	10x
01 Exchange WLFIUSD	+0.0264%	1h	0.05758	−0.072%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05764	+0.027%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0407%	1h	0.05778	+0.277%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0444%	1h	0.05770	+0.137%	$524	$11K	10x	as long as short