Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.004%

Price spread now: Deribit against BingX+0.088%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.088% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDT	0.05700	0.0100	pay 0.0050% / 4h	3h 26m	—	$7.5M	—
Short	Deribit WLFI_USDC-PERPETUAL	0.05705	0.0452	get 0.0056% / 1h	26m 12s	$518	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.088%Rate

Funding earned: $73.84
Price spread: +0.088% → 0.000%: $8.77
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $65.61
Costs to cover: 0.170%
Break-even: 0.8 days

Slippage unknown: BingX: live order book, 11 min ago; Deribit: 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 BingX live order book, 11 min ago	5.20 bp	15.2 bp −$15	24.8 bp −$248	80.1 bp −$8,013	472.8 bp −$236.4K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Coinbase International WLFI-PERP-INTX	−0.0536%	1h	0.05732	+0.561%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0152%	1h	0.05696	−0.070%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+6.066%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05688	−0.219%	$311	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.281%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05693	−0.123%	$1.0M	$472K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05692	−0.142%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05697	−0.061%	$82K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05696	−0.070%	$10.4M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05696	−0.072%	$1.6M	$553K	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	0.05698	−0.028%	$243K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05702	+0.033%	$137.5M	$44.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05695	−0.088%	$20.8M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05696	−0.070%	$7.6M	$14.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05696	−0.063%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05696	−0.070%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05700	0.000%	$13.3M	$20.2M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05700	0.000%	$3.2M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05698	−0.035%	$7.9M	$3.7M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05700	long leg	—	$7.5M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05696	−0.070%	$228K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05706	+0.098%	$446K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05685	−0.262%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05700	0.000%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05710	+0.175%	$38K	$1.8M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05695	−0.088%	$101	$5K	5x	as long as short
dYdX WLFI-USD	+0.0102%	1h	0.05695	−0.090%	$11K	$943	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05698	−0.029%	$171K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05694	−0.112%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05702	+0.035%	$4.9M	$103K	75x	as long as short
Deribit WLFI_USDC-PERPETUALshort	+0.0452%	1h	0.05705	+0.088%	$518	$11K	10x
Kraken Futures PF_WLFIUSD	+0.2379%	1h	0.05698	−0.030%	$96K	$91K	20x	as long as short