Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: MEXC against gTrade (Gains Network)−0.093%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 MEXC

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. MEXC is 0.093% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.3 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	0.05761	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	23m 05s	$315	—	150x
Short	MEXC WLFI_USDT	0.05756	0.0100	get 0.0050% / 4h	3h 23m	$14.3M	$21.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.093%Rate

Funding earned: $19.91
Price spread: −0.093% → 0.000%: −$9.27
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.64
Costs to cover: 0.100%
Break-even: 6.8 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	2.60 bp	2.6 bp −$3	8.2 bp −$82	54.5 bp −$5,452	112.2 bp −$56.1K

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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05762	+0.010%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.048%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.931%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05766	+0.081%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USDlong	L +0.0005% / S −0.0005%	1h	0.05761	long leg	$315	—	150x
Lighter WLFI	+0.0016%	1h	0.05754	−0.127%	$991K	$398K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.787%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0054%	4h	0.05763	+0.032%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0087%	8h	0.05760	−0.023%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05758	−0.049%	$80K	$25K	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	0.05759	−0.034%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05760	−0.022%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05757	−0.073%	$137.9M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05754	−0.127%	$21.1M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05758	−0.058%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	+0.057%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05759	−0.041%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05756	−0.093%	$14.3M	$21.4M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05759	−0.041%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05755	−0.110%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05760	−0.023%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05762	+0.011%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.170%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05751	−0.180%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.023%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.150%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05763	+0.029%	$109	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05758	−0.054%	$133K	$619K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05763	+0.029%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.422%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	+0.025%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05762	+0.011%	$4.8M	$78K	75x	as long as short