Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Backpack against OKX+0.035%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.035%, 7d avg +0.026%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLFI-USDT-SWAP	0.05768	0.0100	pay 0.0050% / 4h	2h 28m	$7.7M	$13.5M	50x
Short	Backpack WLFI_USDC_PERP	0.05770	0.0100	get 0.0013% / 1h	28m 04s	$240K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.026%: $0.89
Slippage, 4 orders: −$17.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.12
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Backpack: live order book, 20 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 OKX live order book, just now	1.74 bp	9.8 bp −$10	25.1 bp −$251	doesn't fit	doesn't fit
Sell Backpack live order book, 20 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	−0.537%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.816%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	+0.016%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.902%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0036%	1h	0.05769	+0.011%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05763	−0.087%	$1.0M	$456K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05764	−0.069%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05767	−0.021%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05770	+0.036%	$1.6M	$587K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05770	+0.033%	$246K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05770	+0.041%	$139.2M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05764	−0.069%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAPlong	+0.0100%	4h	0.05768	long leg	$7.7M	$13.5M	50x
Arcus WLFI-USD	+0.0100%	1h	0.05770	+0.028%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05768	0.000%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.017%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05772	+0.069%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05765	−0.052%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05767	−0.017%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05770	+0.035%	$240K	$26K	10x
Variational Omni WLFI	+0.0100%	4h	0.05769	+0.011%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05778	+0.181%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.035%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05768	+0.009%	$82K	$23K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.208%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05771	+0.052%	$85	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05766	−0.028%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05773	+0.087%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05773	+0.087%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05766	−0.040%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05781	+0.225%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05773	+0.089%	$97K	$90K	20x	as long as short