Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Backpack against Gate0.000%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now 0.000%, 7d avg −0.014%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLFI_USDT	0.05762	0.0100	pay 0.0050% / 4h	3h 06m	$3.5M	$2.8M	75x
Short	Backpack WLFI_USDC_PERP	0.05762	0.0100	get 0.0013% / 1h	6m 58s	$240K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.014%: $1.37
Slippage, 4 orders: −$29.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$53.24
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 1 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 Gate live order book, 1 min ago	2.60 bp	16.9 bp −$17	32.4 bp −$324	67.1 bp −$6,710	doesn't fit
Sell Backpack live order book, 1 min ago	0.87 bp	9.6 bp −$10	doesn't fit	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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05762	0.000%	$73K	$49K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05757	−0.087%	$994K	$400K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05762	−0.007%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.920%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05765	+0.052%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05762	−0.005%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.798%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0087%	4h	0.05761	−0.017%	$1.6M	$589K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0091%	8h	0.05760	−0.041%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	0.000%	$80K	$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	0.05761	−0.026%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05762	−0.002%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05765	+0.046%	$138.1M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05757	−0.087%	$20.9M	$17.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05760	−0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	+0.050%	$1K	$753	5x	as long as short
Gate WLFI_USDTlong	+0.0100%	4h	0.05762	long leg	$3.5M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05764	+0.035%	$15.5M	$21.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	+0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05760	−0.035%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05762	0.000%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05762	0.000%	$240K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05758	−0.077%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05768	+0.110%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.035%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	−0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05764	+0.035%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05759	−0.046%	$134K	$512K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05762	0.000%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.434%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	+0.030%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05763	+0.017%	$4.7M	$78K	75x	as long as short