Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.025%

Price spread now: BloFin against Injective+0.105%7-day average — · you sell dearer than you buy

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

Long on Injective 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 +$9 a day on $10k at the current rate, and BloFin is 0.105% dearer against Injective than usual: you sell high and buy low: +$10 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	0.05726	0.0043	pay 0.0005% / 1h	32m 02s	$6K	$50K	5.5x
Short	BloFin WLFI-USDT	0.05732	0.0340	get 0.0170% / 4h	3h 32m	$4.7M	$68K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.105%Rate

Funding earned: $62.34
Price spread: +0.105% → 0.000%: $10.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $60.8
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	2.62 bp	19.7 bp −$20	29.6 bp −$296	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
Aster WLFIUSDT	−0.0300%	4h	0.05722	−0.073%	$1.6M	$567K	20x	as long as short
Kraken Futures PF_WLFIUSD	−0.0223%	1h	0.05726	−0.003%	$72K	$91K	20x	as long as short
Lighter WLFI	−0.0160%	1h	0.05719	−0.122%	$942K	$362K	5x	as long as short
OKX WLFI-USDT-SWAP	−0.0010%	4h	0.05720	−0.105%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05730	+0.068%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.582%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05726	0.000%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05724	−0.038%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0022%	8h	0.05728	+0.040%	$2K	$108	5x	as long as short
Variational Omni WLFI	+0.0036%	4h	0.05721	−0.095%	$448K	$25K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLFI/USDC PERPlong	+0.0043%	1h	0.05726	long leg	$6K	$50K	5.5x
Hyperliquid WLFI	+0.0065%	1h	0.05722	−0.079%	$10.5M	$1.2M	5x	as long as short
Gate WLFI_USDT	+0.0080%	4h	0.05723	−0.052%	$3.4M	$2.8M	75x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05726	0.000%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.062%	$79K	$29K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05724	−0.040%	$242K	$9K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05727	+0.014%	$137.0M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05720	−0.105%	$20.5M	$16.8M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05727	+0.026%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05725	−0.017%	$13.9M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05726	0.000%	$3.2M	$941K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05723	−0.052%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05724	−0.035%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05727	+0.017%	$238K	$32K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	+0.070%	$282K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.105%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.070%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05726	0.000%	$133	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05719	−0.126%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0104%	1h	0.05735	+0.157%	$33K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05724	−0.035%	$3K	—	100x	as long as short
BloFin WLFI-USDTshort	+0.0340%	4h	0.05732	+0.105%	$4.7M	$68K	75x