Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.041%

Price spread now: Binance against GMX+0.036%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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

The price spread pays, funding is against you. Binance is 0.036% dearer against GMX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05783	L +0.0303% / S −0.1371%	pay 0.0038% / 1h	7m 07s	$7K	—	100x
Short	Binance WLFIUSDT	0.05785	0.0100	get 0.0050% / 4h	2h 07m	$139.6M	$43.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$42.57
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.87 bp	9.2 bp −$9	22.0 bp −$220	80.1 bp −$8,014	doesn't fit

GMX: 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	−0.0144%	1h	0.05737	−0.795%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.543%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05781	−0.026%	$316	—	150x	as long as short
dYdX WLFI-USD	+0.0029%	1h	0.05778	−0.079%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.159%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05779	−0.069%	$1.0M	$459K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05781	−0.030%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05781	−0.035%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05781	−0.036%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05783	+0.001%	$1.6M	$574K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05782	−0.021%	$247K	$14K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05785	+0.036%	$139.6M	$43.0M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05778	−0.086%	$21.0M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	−0.052%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	+0.026%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	−0.017%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05786	+0.052%	$14.0M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05785	+0.035%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05780	−0.052%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05781	−0.035%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05771	−0.199%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	+0.121%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.052%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.121%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	+0.035%	$82	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.072%	$176K	$735K	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0112%	1h	0.05784	+0.017%	$241K	$26K	10x	as long as short
01 Exchange WLFIUSD	+0.0216%	1h	0.05785	+0.035%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05788	+0.086%	$525	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0303% / S −0.1371%	1h	0.05783	long leg	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05794	+0.190%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05783	+0.008%	$97K	$90K	20x	as long as short