Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Pacifica against Backpack−0.037%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.037%, 7d avg +0.012%

Together, before fees+0.299%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.049% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05725	0.0100	pay 0.0013% / 1h	25m 05s	$238K	$31K	10x
Short	Pacifica WLFI	0.05723	0.0100	get 0.0013% / 1h	25m 05s	$243K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.012%: −$4.89
Slippage, 4 orders: −$41.87
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$64.76
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Backpack: live order book, 63 min ago; Pacifica: live order book, 63 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, 63 min ago	0.87 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 63 min ago	17.48 bp	21.5 bp −$21	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
Kraken Futures PF_WLFIUSD	−0.0590%	1h	0.05726	+0.012%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0238%	4h	0.05727	+0.039%	$1.6M	$567K	20x	as long as short
Lighter WLFI	−0.0152%	1h	0.05720	−0.087%	$942K	$368K	5x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	−0.052%	$6K	$64K	5.5x	as long as short
OKX WLFI-USDT-SWAP	−0.0001%	4h	0.05719	−0.105%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	−0.163%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.597%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05727	+0.035%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05723	−0.028%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0048%	8h	0.05725	+0.005%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0080%	1h	0.05726	+0.017%	$4K	$319	3x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05719	−0.100%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05720	−0.089%	$79K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05720	−0.086%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFIshort	+0.0100%	1h	0.05723	−0.037%	$243K	$10K	5x
Binance WLFIUSDT	+0.0100%	4h	0.05726	+0.017%	$137.0M	$38.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05719	−0.105%	$20.4M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05728	+0.049%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05723	−0.035%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05729	+0.070%	$15.0M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05728	+0.052%	$3.2M	$933K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05723	−0.035%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05723	−0.035%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05725	long leg	$238K	$31K	10x
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	+0.087%	$274K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.087%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.087%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05725	0.000%	$115	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05720	−0.095%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05735	+0.175%	$33K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05726	+0.017%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05725	−0.002%	$14K	—	100x	as long as short