Funding you earn now, next payment 07:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.041%
Price spread now: BloFin against Backpack0.000%54s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days+0.333%+$33 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now 0.000%, 7d avg +0.064%
=Funding pays, the price is against you. BloFin is 0.064% cheaper against Backpack than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.064%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). The two prices were read 54 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 | Backpack WLFI_USDC_PERP | 0.05779 | 0.0141 | pay 0.0018% / 1h | 55m 17s | $240K | $26K | 10x |
| Short | BloFin WLFI-USDT | 0.05779 | 0.0340 | get 0.0170% / 4h | 1h 55m | $4.8M | $85K | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.79
- Price spread: 0.000% → +0.064%
- −$6.44
- Slippage, 4 orders
- −$21.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$7.96
- Costs to cover
- 0.433%
- Break-even
- 8.3 days
Slippage from Backpack: live order book, 53 min ago; BloFin: live order book, 3 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 Backpack live order book, 53 min ago | 0.86 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.73 bp | 14.2 bp −$14 | 28.9 bp −$289 | 69.6 bp −$6,962 | 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 | −0.0312% | 1h | 0.05737 | −0.727% | $32K | $15K | 50x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05779 | −0.001% | $11K | $943 | 5x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06046 | +4.613% | — | — | — | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05775 | −0.072% | $316 | — | 150x | as long as short |
| Injective WLFI/USDC PERP | +0.0033% | 1h | 0.05716 | −1.090% | $6K | $77K | 5.5x | as long as short |
| Lighter WLFI | +0.0096% | 1h | 0.05771 | −0.138% | $1.0M | $458K | 5x | as long as short |
| Paradex WLFI-USD-PERP | +0.0099% | 8h | 0.05778 | −0.017% | $2K | $118 | 5x | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05776 | −0.061% | $82K | $24K | 5x | as long as short |
| Hyperliquid WLFI | +0.0100% | 1h | 0.05774 | −0.087% | $10.5M | $1.3M | 5x | as long as short |
| Aster WLFIUSDT | +0.0100% | 4h | 0.05776 | −0.056% | $1.6M | $556K | 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 | 0.05778 | −0.010% | $247K | $14K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05781 | +0.035% | $139.5M | $43.0M | 75x | as long as short |
| Bybit WLFIUSDT | +0.0100% | 4h | 0.05772 | −0.121% | $21.0M | $19.4M | 75x | as long as short |
| OKX WLFI-USDT-SWAP | +0.0100% | 4h | 0.05775 | −0.069% | $7.7M | $13.5M | 50x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05779 | 0.000% | $7K | $8K | 5x | as long as short |
| Gate WLFI_USDT | +0.0100% | 4h | 0.05775 | −0.069% | $3.5M | $3.1M | 75x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05782 | +0.052% | $13.8M | $20.0M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05778 | −0.017% | $3.3M | $1.2M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05775 | −0.069% | $7.9M | $3.5M | 75x | as long as short |
| BingX WLFI-USDT | +0.0100% | 4h | 0.05775 | −0.069% | — | $7.3M | — | as long as short |
| Variational Omni WLFI | +0.0100% | 4h | 0.05772 | −0.113% | $451K | $40K | — | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05780 | +0.017% | $283K | $1.8M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05780 | +0.017% | $33K | $38K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05780 | +0.017% | $39K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05779 | 0.000% | $80 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05773 | −0.105% | $176K | $735K | 10x | as long as short |
| Backpack WLFI_USDC_PERPlong | +0.0141% | 1h | 0.05779 | long leg | $240K | $26K | 10x | |
| GMX WLFI/USD [ETH-USDC] | L +0.0303% / S −0.1371% | 1h | 0.05774 | −0.083% | $7K | — | 100x | as long as short |
| 01 Exchange WLFIUSD | +0.0304% | 1h | 0.05780 | +0.017% | $4K | $319 | 3x | as long as short |
| Kraken Futures PF_WLFIUSD | +0.0306% | 1h | 0.05781 | +0.039% | $97K | $90K | 20x | as long as short |
| BloFin WLFI-USDTshort | +0.0340% | 4h | 0.05779 | 0.000% | $4.8M | $85K | 75x | |
| Deribit WLFI_USDC-PERPETUAL | +0.0443% | 1h | 0.05780 | +0.017% | $525 | $11K | 10x | as long as short |
Backpack WLFI_USDC_PERP
BloFin WLFI-USDT
Coinbase International WLFI-PERP-INTX
gTrade (Gains Network) WLFI/USD
Injective WLFI/USDC PERP
Lighter WLFI
Paradex WLFI-USD-PERP
Hyperliquid WLFI
Aster WLFIUSDT
Pacifica WLFI
Binance WLFIUSDT
Bybit WLFIUSDT
OKX WLFI-USDT-SWAP
Gate WLFI_USDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDT
Variational Omni WLFI
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
GMX WLFI/USD [ETH-USDC]
01 Exchange WLFIUSD
Kraken Futures PF_WLFIUSD
Deribit WLFI_USDC-PERPETUAL