Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0104%/8hpaid last 24h −0.017%

Price spread now: Injective against OKX−0.664%98s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 0.664% cheaper against OKX than usual: you would sell low and buy high (spread −0.664% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 21 days of funding at the current rate (+$3 a day). The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLFI-USDT-SWAP	0.05723	−0.0070	get 0.0035% / 4h	19m 42s	$7.5M	$12.3M	50x
Short	Injective WLFI/USDC PERP	0.05685	0.0033	get 0.0004% / 1h	19m 42s	$6K	$37K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.664%Rate

Funding earned: $21.75
Price spread: −0.664% → 0.000%: −$66.4
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$54.67
Costs to cover: 0.100%
Break-even: 24.6 days

Slippage unknown: OKX: live order book, 3 min ago; Injective: 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 OKX live order book, 3 min ago	0.87 bp	9.2 bp −$9	20.8 bp −$208	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster WLFIUSDT	−0.0435%	4h	0.05728	+0.081%	$1.6M	$566K	20x	as long as short
Kraken Futures PF_WLFIUSD	−0.0367%	1h	0.05729	+0.113%	$72K	$95K	20x	as long as short
OKX WLFI-USDT-SWAPlong	−0.0070%	4h	0.05723	long leg	$7.5M	$12.3M	50x
Lighter WLFI	−0.0040%	1h	0.05720	−0.052%	$942K	$356K	5x	as long as short
Paradex WLFI-USD-PERP	0.0000%	8h	0.05732	+0.150%	$2K	$108	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05727	+0.072%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.635%	—	—	—	as long as short
Variational Omni WLFI	+0.0001%	4h	0.05725	+0.030%	$448K	$25K	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05727	+0.066%	$313	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05685	−0.664%	$6K	$37K	5.5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0055%	1h	0.05722	−0.012%	$10.5M	$1.2M	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05732	+0.157%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05732	+0.157%	$10K	$624	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.025%	$79K	$29K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05724	+0.016%	$242K	$9K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.189%	$137.3M	$38.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05728	+0.087%	$20.6M	$16.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05731	+0.149%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05726	+0.052%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05728	+0.087%	$13.9M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05727	+0.070%	$3.2M	$954K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05724	+0.017%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05722	−0.017%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05729	+0.105%	$240K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05727	+0.078%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.297%	$33K	$44K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.122%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05727	+0.070%	$124	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05723	+0.008%	$132K	$490K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05724	+0.017%	$4.7M	$70K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0342% / S −0.0695%	1h	0.05726	+0.054%	$3K	—	100x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0456%	1h	0.05697	−0.454%	$32K	$16K	50x	as long as short