Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.010%

Price spread now: Paradex against BingX−0.116%7-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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.116% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it 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	0.05773	0.0100	pay 0.0050% / 4h	3h 47m	—	$7.3M	—
Short	Paradex WLFI-USD-PERP	0.05766	0.0093	get 0.0093% / 8h	3h 47m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$1.47
Price spread: −0.116% → 0.000%: −$11.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$27.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; Paradex: 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, 5 min ago	6.06 bp	16.0 bp −$16	25.2 bp −$252	77.1 bp −$7,712	436.1 bp −$218.0K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.027%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.723%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05772	−0.025%	$316	—	150x	as long as short
Aster WLFIUSDT	+0.0011%	4h	0.05771	−0.042%	$1.6M	$577K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.987%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.624%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERPshort	+0.0093%	8h	0.05766	−0.116%	$2K	$118	5x
Lighter WLFI	+0.0096%	1h	0.05766	−0.121%	$1.0M	$446K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05775	+0.035%	$524	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05769	−0.061%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05770	−0.049%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05770	−0.052%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05779	+0.106%	$139.3M	$41.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05767	−0.104%	$21.1M	$18.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.069%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05773	+0.002%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	−0.035%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05770	−0.052%	$13.7M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05771	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	−0.087%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05773	long leg	—	$7.3M	—
Variational Omni WLFI	+0.0100%	4h	0.05771	−0.026%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05772	−0.016%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.052%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.121%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05773	0.000%	$96	$5K	5x	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05774	+0.017%	$240K	$26K	10x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−0.088%	$133K	$482K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05775	+0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05773	0.000%	$3K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05775	+0.039%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05772	−0.017%	$4.8M	$87K	75x	as long as short