Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%
Price spread now: Backpack against Injective+0.735%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$2 a day on $10k at the current rate, and Backpack is 0.735% dearer against Injective than usual: you sell high and buy low: +$73 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 | Injective WLFI/USDC PERP | 0.05716 | 0.0033 | pay 0.0004% / 1h | 36m 26s | $6K | $77K | 5.5x |
| Short | Backpack WLFI_USDC_PERP | 0.05758 | 0.0100 | get 0.0013% / 1h | 36m 26s | $239K | $28K | 10x |
Injective WLFI/USDC PERP
Backpack WLFI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: +0.735% → 0.000%
- $73.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $77.46
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 37 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 37 min ago | 0.87 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | 0.05759 | +0.748% | $73K | $49K | 20x | as long as short |
| Lighter WLFI | −0.0024% | 1h | 0.05748 | +0.560% | $986K | $394K | 5x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05753 | +0.640% | $11K | $970 | 5x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06045 | +5.762% | — | — | — | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05754 | +0.672% | $315 | — | 150x | as long as short |
| Aster WLFIUSDT | +0.0022% | 4h | 0.05754 | +0.660% | $1.6M | $586K | 20x | as long as short |
| Injective WLFI/USDC PERPlong | +0.0033% | 1h | 0.05716 | long leg | $6K | $77K | 5.5x | |
| Paradex WLFI-USD-PERP | +0.0086% | 8h | 0.05755 | +0.684% | $2K | $108 | 5x | as long as short |
| Hyperliquid WLFI | +0.0100% | 1h | 0.05751 | +0.612% | $10.5M | $1.3M | 5x | as long as short |
| Pacifica WLFI | +0.0100% | 1h | 0.05752 | +0.623% | $247K | $13K | 5x | as long as short |
Kraken Futures PF_WLFIUSD
Lighter WLFI
dYdX WLFI-USD
Reya WLFIRUSDPERP
gTrade (Gains Network) WLFI/USD
Aster WLFIUSDT
Paradex WLFI-USD-PERP
Hyperliquid WLFI
Pacifica WLFIShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLFIUSDT | +0.0100% | 4h | 0.05755 | +0.684% | $137.8M | $39.7M | 75x | as long as short |
| Bybit WLFIUSDT | +0.0100% | 4h | 0.05750 | +0.595% | $21.1M | $17.6M | 75x | as long as short |
| OKX WLFI-USDT-SWAP | +0.0100% | 4h | 0.05750 | +0.595% | $7.6M | $12.8M | 50x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05757 | +0.716% | $1K | $753 | 5x | as long as short |
| Gate WLFI_USDT | +0.0100% | 4h | 0.05752 | +0.630% | $3.5M | $2.8M | 75x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05755 | +0.682% | $14.3M | $21.4M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05756 | +0.700% | $3.3M | $1.1M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05752 | +0.630% | $8.0M | $3.1M | 75x | as long as short |
| BingX WLFI-USDC | +0.0100% | 4h | 0.05754 | +0.665% | — | $2.3M | — | as long as short |
| Backpack WLFI_USDC_PERPshort | +0.0100% | 1h | 0.05758 | +0.735% | $239K | $28K | 10x | |
| Variational Omni WLFI | +0.0100% | 4h | 0.05755 | +0.675% | $446K | $31K | — | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05750 | +0.595% | $278K | $1.9M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05760 | +0.770% | $33K | $42K | 50x | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05750 | +0.595% | $80K | $26K | 5x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05760 | +0.770% | $38K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05757 | +0.717% | $109 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05748 | +0.565% | $133K | $663K | 10x | as long as short |
| 01 Exchange WLFIUSD | +0.0136% | 1h | 0.05753 | +0.647% | $4K | $319 | 3x | as long as short |
| Coinbase International WLFI-PERP-INTX | +0.0232% | 1h | 0.05737 | +0.367% | $32K | $16K | 50x | as long as short |
| GMX WLFI/USD [ETH-USDC] | L +0.0252% / S −0.0496% | 1h | 0.05753 | +0.654% | $3K | — | 100x | as long as short |
| Deribit WLFI_USDC-PERPETUAL | +0.0271% | 1h | 0.05761 | +0.787% | $523 | $11K | 10x | as long as short |
| BloFin WLFI-USDT | +0.0340% | 4h | 0.05764 | +0.840% | $4.7M | $77K | 75x | as long as short |
Binance WLFIUSDT
Bybit WLFIUSDT
OKX WLFI-USDT-SWAP
Arcus WLFI-USD
Gate WLFI_USDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDC
Variational Omni WLFI
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
Nado WLFI-PERP
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
01 Exchange WLFIUSD
Coinbase International WLFI-PERP-INTX
GMX WLFI/USD [ETH-USDC]
Deribit WLFI_USDC-PERPETUAL
BloFin WLFI-USDT