Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.048%

Price spread now: MEXC against Kraken Futures+0.014%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.014%, 7d avg +0.051%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.038% cheaper against Kraken Futures than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05768	0.0094	pay 0.0012% / 1h	15m 42s	$97K	$132K	20x
Short	MEXC WLFI_USDT	0.05769	0.0100	get 0.0050% / 4h	2h 15m	$13.8M	$20.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.014%Rate

Funding earned: $1.18
Price spread: +0.014% → +0.051%: −$3.78
Slippage, 4 orders: −$65.84
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$78.44
Costs to cover: 0.758%
Break-even: 473.0 days

Slippage from Kraken Futures: live order book, 34 min ago; MEXC: live order book, 1 min ago.

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 live order book, 34 min ago	13.99 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.87 bp	0.9 bp −$1	5.5 bp −$55	57.6 bp −$5,759	116.9 bp −$58.4K

WLFI on 32 exchanges

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
01 Exchange WLFIUSD	−0.0960%	1h	0.05766	−0.038%	$4K	$311	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0392%	1h	0.05732	−0.628%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.162%	$9K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.808%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05763	−0.084%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.905%	$6K	$77K	5.5x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0094%	1h	0.05768	long leg	$97K	$132K	20x
Lighter WLFI	+0.0096%	1h	0.05761	−0.125%	$1.1M	$477K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05767	−0.021%	$523	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.095%	$2K	$118	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05763	−0.094%	$83K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05765	−0.064%	$10.5M	$954K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05767	−0.025%	$1.6M	$547K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05766	−0.037%	$246K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	+0.014%	$138.9M	$43.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05767	−0.021%	$21.2M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05764	−0.073%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05764	−0.073%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05765	−0.056%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05769	+0.014%	$13.8M	$20.7M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05765	−0.056%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	−0.004%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05767	−0.021%	—	$7.5M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	−0.090%	$232K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05760	−0.138%	$450K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05760	−0.142%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.031%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.031%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.056%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	−0.088%	$172K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05763	−0.092%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05771	+0.048%	$4.9M	$100K	75x	as long as short