Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.004%

Price spread now: BloFin against GMX+0.110%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.110% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05735	L +0.0302% / S −0.1371%	pay 0.0038% / 1h	16m 47s	$7K	—	100x
Short	BloFin WLFI-USDT	0.05741	0.0340	get 0.0170% / 4h	3h 16m	$4.8M	$104K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $7.98
Price spread: +0.110% → 0.000%: $10.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.04
Costs to cover: 0.240%
Break-even: 11.4 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	2.61 bp	14.2 bp −$14	26.8 bp −$268	79.1 bp −$7,914	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	−0.0536%	1h	0.05732	−0.047%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0128%	1h	0.05736	+0.023%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.422%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05735	0.000%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.326%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0080%	1h	0.05730	−0.082%	$10K	$3K	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05730	−0.082%	$1.0M	$474K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05734	−0.009%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05735	−0.003%	$82K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05732	−0.047%	$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	0.05734	−0.007%	$1.6M	$551K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05732	−0.044%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05738	+0.056%	$138.4M	$44.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05732	−0.047%	$21.1M	$19.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05737	+0.040%	$7.7M	$14.1M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	+0.023%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05733	−0.030%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05737	+0.040%	$13.4M	$20.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05736	+0.023%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05734	−0.012%	$8.0M	$3.7M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05734	−0.012%	—	$7.5M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.005%	$230K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05730	−0.088%	$447K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05731	−0.059%	$285K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.092%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.092%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05738	+0.058%	$100	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05732	−0.055%	$172K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0273%	1h	0.05741	+0.110%	$521	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0302% / S −0.1371%	1h	0.05735	long leg	$7K	—	100x
BloFin WLFI-USDTshort	+0.0340%	4h	0.05741	+0.110%	$4.8M	$104K	75x
Kraken Futures PF_WLFIUSD	+0.2362%	1h	0.05739	+0.075%	$97K	$91K	20x	as long as short