Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2262%/8h= −247.7% APRpaid last 24h +0.082%

Price spread now: Binance against Kraken Futures−0.052%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.275%+$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$68 a day on $10k at the current rate, and Binance is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.275%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.275% in total (about 14.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05739	0.2362	pay 0.0295% / 1h	17m 00s	$97K	$91K	20x
Short	Binance WLFIUSDT	0.05736	0.0100	get 0.0050% / 4h	3h 17m	$138.3M	$44.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.052%Rate

Funding earned: −$474.96
Price spread: −0.052% → 0.000%: −$5.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$500.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 11 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.88 bp	7.5 bp −$7	22.8 bp −$228	104.2 bp −$10.4K	doesn't fit

Kraken Futures: 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	−0.122%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0128%	1h	0.05736	−0.052%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.343%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05735	−0.075%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.400%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0080%	1h	0.05730	−0.156%	$10K	$3K	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05730	−0.156%	$1.0M	$474K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05734	−0.084%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05735	−0.078%	$82K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05732	−0.122%	$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	0.05735	−0.077%	$1.6M	$551K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05732	−0.118%	$245K	$14K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05736	−0.052%	$138.3M	$44.3M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05732	−0.122%	$21.1M	$19.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05732	−0.122%	$7.7M	$14.1M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	−0.052%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05734	−0.087%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05739	0.000%	$13.4M	$20.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05736	−0.052%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05733	−0.104%	$8.0M	$3.7M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05732	−0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	−0.069%	$230K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05730	−0.162%	$447K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05731	−0.133%	$285K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.018%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.018%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05738	−0.017%	$100	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05735	−0.068%	$172K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0273%	1h	0.05741	+0.035%	$521	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05735	−0.075%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05741	+0.035%	$4.8M	$104K	75x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.2362%	1h	0.05739	long leg	$97K	$91K	20x