Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.015%

Price spread now: Deribit against MEXC−0.104%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.104% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLFI_USDT	0.05743	0.0100	pay 0.0050% / 4h	2h 40m	$14.9M	$21.7M	100x
Short	Deribit WLFI_USDC-PERPETUAL	0.05737	0	get 0.0000% / 1h	40m 01s	$521	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$21
Price spread: −0.104% → 0.000%: −$10.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.45
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Deribit: no order-book sample. 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 MEXC live order book, 4 min ago	0.87 bp	0.9 bp −$1	6.6 bp −$66	54.6 bp −$5,456	112.4 bp −$56.2K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Kraken Futures PF_WLFIUSD	−0.0330%	1h	0.05738	−0.090%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0192%	1h	0.05735	−0.139%	$994K	$405K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.104%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05740	−0.060%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.267%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALshort	0.0000%	1h	0.05737	−0.104%	$521	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05734	−0.150%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.470%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0039%	4h	0.05732	−0.191%	$1.6M	$590K	20x	as long as short
01 Exchange WLFIUSD	+0.0048%	1h	0.05734	−0.157%	$4K	$319	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERP	+0.0076%	8h	0.05733	−0.179%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05727	−0.279%	$79K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05736	−0.122%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05734	−0.162%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05738	−0.080%	$137.5M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05732	−0.192%	$20.9M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05735	−0.139%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05738	−0.094%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05737	−0.104%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05743	long leg	$14.9M	$21.7M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05742	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05734	−0.157%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05734	−0.157%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05737	−0.104%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05736	−0.120%	$444K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.123%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.122%	$33K	$43K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	−0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05738	−0.087%	$120	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05730	−0.224%	$133K	$485K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	−0.157%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.366%	$4.8M	$79K	75x	as long as short