Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h −0.004%

Price spread now: Backpack against KuCoin−0.017%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.017%, 7d avg −0.037%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Backpack is 0.020% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.238%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05785	0.0100	pay 0.0050% / 4h	2h 07m	$3.3M	$1.2M	75x
Short	Backpack WLFI_USDC_PERP	0.05784	0.0112	get 0.0014% / 1h	7m 03s	$241K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now −0.017%Rate

Funding earned: $2.62
Price spread: −0.017% → −0.037%: $2.02
Slippage, 4 orders: −$50.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$67.74
Costs to cover: 0.724%
Break-even: 188.2 days

Slippage from KuCoin: live order book, 5 min ago; Backpack: live order book, 41 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 KuCoin live order book, 5 min ago	6.92 bp	33.2 bp −$33	100.1 bp −$1,001	doesn't fit	doesn't fit
Sell Backpack live order book, 41 min ago	0.86 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	−0.0144%	1h	0.05737	−0.830%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.507%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05781	−0.061%	$316	—	150x	as long as short
dYdX WLFI-USD	+0.0029%	1h	0.05778	−0.113%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.193%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05779	−0.104%	$1.0M	$459K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05781	−0.065%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05781	−0.069%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05781	−0.071%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05783	−0.033%	$1.6M	$574K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05782	−0.055%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05785	+0.001%	$139.6M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05778	−0.121%	$21.0M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	−0.086%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	−0.009%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	−0.052%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05786	+0.017%	$14.0M	$20.5M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05785	long leg	$3.3M	$1.2M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05780	−0.086%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05781	−0.069%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05771	−0.234%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	+0.086%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.086%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.086%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	0.000%	$82	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.106%	$176K	$735K	10x	as long as short
Backpack WLFI_USDC_PERPshort	+0.0112%	1h	0.05784	−0.017%	$241K	$26K	10x
01 Exchange WLFIUSD	+0.0216%	1h	0.05785	0.000%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05788	+0.052%	$525	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	−0.035%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05794	+0.156%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05783	−0.027%	$97K	$90K	20x	as long as short