Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.142%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Bitget is 0.142% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.0 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	gTrade (Gains Network) WLFI/USD	0.05790	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	45m 09s	$317	—	150x
Short	Bitget WLFIUSDT	0.05782	0.0100	get 0.0050% / 4h	3h 45m	$7.9M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: $19.91
Price spread: −0.142% → 0.000%: −$14.23
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.32
Costs to cover: 0.220%
Break-even: 12.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.73 bp	11.3 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit

gTrade (Gains Network): 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
dYdX WLFI-USD	0.0000%	1h	0.05782	−0.134%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.412%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDlong	L +0.0005% / S −0.0005%	1h	0.05790	long leg	$317	—	150x
Aster WLFIUSDT	+0.0010%	4h	0.05788	−0.038%	$1.6M	$577K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.282%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.919%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERP	+0.0093%	8h	0.05784	−0.116%	$2K	$118	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05786	−0.073%	$1.0M	$447K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05786	−0.065%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05786	−0.075%	$248K	$13K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05794	+0.065%	$139.6M	$41.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05787	−0.056%	$21.1M	$18.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05788	−0.039%	$7.7M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05788	−0.044%	$8K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05789	−0.021%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05796	+0.099%	$13.8M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05789	−0.021%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05782	−0.142%	$7.9M	$3.4M	75x
BingX WLFI-USDC	+0.0100%	4h	0.05788	−0.039%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05772	−0.307%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05769	−0.363%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.350%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	−0.116%	$82K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	+0.169%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05794	+0.065%	$95	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05787	−0.058%	$133K	$482K	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0113%	1h	0.05793	+0.048%	$241K	$26K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05796	+0.099%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05792	+0.023%	$3K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0339%	1h	0.05795	+0.074%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05791	+0.013%	$4.8M	$88K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0441%	1h	0.05797	+0.117%	$526	$11K	10x	as long as short