WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Backpack−1.022%72s7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

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 Injective is 1.022% cheaper against Backpack than usual: you would sell low and buy high (−$102 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.202%, so the current rate has only just turned against you. The two prices were read 72 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	0.05775	0.0138	pay 0.0017% / 1h	49m 21s	$240K	$26K	10x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	49m 21s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Backpack. 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 BackpackbpFee InjectivebpOrdersPrice spread, now −1.022%Rate

Funding earned: −$21.99
Price spread: −1.022% → 0.000%: −$102.16
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$134.18
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 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 Backpack live order book, 4 min ago	0.87 bp	8.2 bp −$8	doesn't fit	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
dYdX WLFI-USD	0.0000%	1h	0.05771	−0.061%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.688%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05767	−0.147%	$315	—	150x	as long as short
Aster WLFIUSDT	+0.0011%	4h	0.05775	−0.008%	$1.6M	$577K	20x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−1.022%	$6K	$77K	5.5x
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.658%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERP	+0.0093%	8h	0.05766	−0.160%	$2K	$118	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05766	−0.156%	$1.0M	$446K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05778	+0.052%	$524	$11K	10x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05763	−0.203%	$10.5M	$1.3M	5x	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	0.05771	−0.076%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	−0.100%	$139.0M	$41.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05762	−0.225%	$21.1M	$18.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05762	−0.225%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05769	−0.106%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05769	−0.104%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05767	−0.139%	$13.6M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05770	−0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05766	−0.156%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05770	−0.087%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05771	−0.061%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05772	−0.051%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.087%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05765	−0.182%	$82K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.087%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05775	0.000%	$92	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05765	−0.175%	$133K	$482K	10x	as long as short
Backpack WLFI_USDC_PERPlong	+0.0138%	1h	0.05775	long leg	$240K	$26K	10x
01 Exchange WLFIUSD	+0.0160%	1h	0.05771	−0.069%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	−0.184%	$3K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05778	+0.049%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05784	+0.156%	$4.8M	$87K	75x	as long as short