Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.049%

Price spread now: OKX against GMX+0.038%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 OKX

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. OKX is 0.038% dearer against GMX than usual: you sell high and buy low (spread +0.038% 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 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05765	L +0.0303% / S −0.1371%	pay 0.0038% / 1h	51m 20s	$7K	—	100x
Short	OKX WLFI-USDT-SWAP	0.05767	0.0100	get 0.0050% / 4h	1h 51m	$7.7M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$42.59
Price spread: +0.038% → 0.000%: $3.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.77
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.87 bp	11.1 bp −$11	22.8 bp −$228	doesn't fit	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	−0.0312%	1h	0.05737	−0.482%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.872%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05768	+0.048%	$315	—	150x	as long as short
dYdX WLFI-USD	+0.0010%	1h	0.05773	+0.134%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.847%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05762	−0.049%	$1.0M	$458K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.023%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05765	+0.003%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05766	+0.016%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05767	+0.040%	$1.6M	$556K	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	0.05766	+0.016%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05771	+0.115%	$139.3M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05764	−0.014%	$21.0M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAPshort	+0.0100%	4h	0.05767	+0.038%	$7.7M	$13.5M	50x
Arcus WLFI-USD	+0.0100%	1h	0.05769	+0.064%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05767	+0.038%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05770	+0.090%	$13.8M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05769	+0.073%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05765	+0.003%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05766	+0.021%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05772	+0.133%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05774	+0.158%	$275K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.090%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.264%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05769	+0.073%	$81	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05765	+0.002%	$173K	$737K	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0141%	1h	0.05770	+0.090%	$240K	$26K	10x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0303% / S −0.1371%	1h	0.05765	long leg	$7K	—	100x
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05774	+0.155%	$97K	$90K	20x	as long as short
01 Exchange WLFIUSD	+0.0320%	1h	0.05770	+0.090%	$4K	$319	3x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05781	+0.281%	$4.8M	$85K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0443%	1h	0.05772	+0.125%	$524	$11K	10x	as long as short