Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1271%/8h= +139.2% APRpaid last 24h +3.140%

Price spread now: GMX against BingX−0.095%225s7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.095% cheaper against BingX than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$38 a day). The two prices were read 225 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	BingX WLFI-USDT	0.05781	0.0100	pay 0.0050% / 4h	1h 07m	—	$7.4M	—
Short	GMX WLFI/USD [ETH-USDC]	0.05776	L +0.0303% / S −0.1371%	get 0.0171% / 1h	7m 29s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $266.97
Price spread: −0.095% → 0.000%: −$9.51
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $235.46
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: BingX: live order book, 8 min ago; GMX: 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, 8 min ago	5.18 bp	13.1 bp −$13	25.6 bp −$256	78.3 bp −$7,827	263.1 bp −$131.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 exchanges

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	−0.0384%	1h	0.05732	−0.848%	$21K	$15K	50x	as long as short
01 Exchange WLFIUSD	−0.0360%	1h	0.05782	+0.017%	$4K	$335	3x	as long as short
dYdX WLFI-USD	−0.0119%	1h	0.05778	−0.058%	$6K	$11K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.572%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05780	−0.022%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.124%	$6K	$77K	5.5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05784	+0.052%	$525	$11K	10x	as long as short
Lighter WLFI	+0.0096%	1h	0.05777	−0.069%	$1.1M	$453K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05781	−0.007%	$2K	$10	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05780	−0.009%	$90K	$28K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05779	−0.038%	$10.6M	$931K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05778	−0.052%	$1.6M	$667K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05781	+0.002%	$247K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05786	+0.090%	$139.3M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05781	0.000%	$21.5M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05781	0.000%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	+0.062%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	+0.017%	$3.5M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05785	+0.069%	$12.9M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05784	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05780	−0.017%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05781	long leg	—	$7.4M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05782	+0.017%	$234K	$35K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05776	−0.095%	$449K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	−0.017%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.017%	$33K	$36K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.156%	$39K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05782	+0.017%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.041%	$174K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0303% / S −0.1371%	1h	0.05776	−0.095%	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05780	−0.017%	$4.9M	$96K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0488%	1h	0.05785	+0.069%	$97K	$131K	20x	as long as short