Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h +0.040%

Price spread now: SunX against Kraken Futures+0.099%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2832.834% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.099%, 7d avg +0.117%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.117%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.242%, 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 0.242% in total (about 12.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05794	0.0624	pay 0.0078% / 1h	43m 08s	$97K	$127K	20x
Short	SunX WLFI-USDT	0.05800	0.0100	get 0.0050% / 4h	43m 08s	$39K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$110.09
Price spread: +0.099% → +0.117%: −$1.83
Slippage, 4 orders: −$265.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$395.31
Costs to cover: 2.834%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 62 min ago; SunX: live order book, 6 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, 62 min ago	17.22 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	34.42 bp	113.9 bp −$114	doesn't fit	doesn't fit	doesn't fit

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
Coinbase International WLFI-PERP-INTX	−0.0480%	1h	0.05732	−1.075%	$21K	$15K	50x	as long as short
01 Exchange WLFIUSD	−0.0120%	1h	0.05789	−0.091%	$4K	$335	3x	as long as short
dYdX WLFI-USD	−0.0057%	1h	0.05789	−0.091%	$6K	$13K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.336%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05793	−0.030%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.351%	$6K	$77K	5.5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0095%	1h	0.05796	+0.030%	$526	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0096%	8h	0.05784	−0.171%	$2K	$10	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05786	−0.143%	$1.1M	$431K	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05787	−0.117%	$90K	$27K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05789	−0.086%	$10.6M	$929K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05794	−0.002%	$1.6M	$666K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05788	−0.113%	$247K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05796	+0.034%	$139.4M	$42.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05795	+0.013%	$21.5M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05790	−0.074%	$7.7M	$13.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05790	−0.072%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05790	−0.074%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05798	+0.064%	$12.9M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05798	+0.064%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05794	−0.005%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05791	−0.056%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05790	−0.074%	$234K	$32K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05787	−0.125%	$450K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05808	+0.239%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.074%	$33K	$34K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05800	+0.099%	$39K	$1.6M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05792	−0.039%	$103	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05788	−0.116%	$175K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05793	−0.029%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05792	−0.039%	$4.9M	$98K	75x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0624%	1h	0.05794	long leg	$97K	$127K	20x