Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SunX against Backpack+0.139%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2232.234% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.134%+$13 · spread now +0.139%, 7d avg +0.130%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack WLFI_USDC_PERP	0.05772	0.0100	pay 0.0013% / 1h	31m 38s	$240K	$27K	10x
Short	SunX WLFI-USDT	0.05780	0.0100	get 0.0050% / 4h	3h 31m	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.130%: $0.9
Slippage, 4 orders: −$205.42
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$222.52
Costs to cover: 2.234%
Break-even: never at this rate

Slippage from Backpack: live order book, 42 min ago; SunX: live order book, 4 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, 42 min ago	0.87 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	34.78 bp	111.6 bp −$112	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	−0.0109%	1h	0.05774	+0.036%	$74K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05770	−0.042%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.735%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	−0.054%	$315	—	150x	as long as short
Lighter WLFI	+0.0008%	1h	0.05767	−0.087%	$993K	$397K	5x	as long as short
Aster WLFIUSDT	+0.0031%	4h	0.05769	−0.043%	$1.6M	$587K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.970%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0085%	8h	0.05775	+0.052%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05765	−0.127%	$80K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05771	−0.014%	$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	0.05772	−0.007%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05775	+0.052%	$138.4M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05770	−0.035%	$21.2M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05768	−0.069%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05776	+0.074%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05767	−0.087%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05775	+0.052%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05771	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	−0.017%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05771	−0.017%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERPlong	+0.0100%	1h	0.05772	long leg	$240K	$27K	10x
Variational Omni WLFI	+0.0100%	4h	0.05749	−0.405%	$445K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05747	−0.436%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.208%	$33K	$42K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05780	+0.139%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05774	+0.035%	$110	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05770	−0.038%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05775	+0.052%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.606%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05765	−0.121%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05775	+0.052%	$524	$11K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05770	−0.035%	$4.7M	$77K	75x	as long as short