Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.036%

Price spread now: Extended against BloFin−0.038%74s7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.641% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.038%, 7d avg −0.109%

Together, before fees−0.234%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.071% dearer against BloFin than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.109%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.087% in total) that is about 5.7 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05782	0.0340	pay 0.0170% / 4h	2h 01m	$4.8M	$86K	75x
Short	Extended WLFI-USD	0.05780	0.0104	get 0.0013% / 1h	1m 50s	$176K	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$49.56
Price spread: −0.038% → −0.109%: $7.06
Slippage, 4 orders: −$47.06
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$106.55
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 46 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 BloFin live order book, 2 min ago	0.87 bp	13.6 bp −$14	21.2 bp −$212	57.3 bp −$5,732	doesn't fit
Sell Extended live order book, 46 min ago	2.59 bp	17.7 bp −$18	106.8 bp −$1,068	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
Coinbase International WLFI-PERP-INTX	−0.0144%	1h	0.05737	−0.778%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.559%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05777	−0.083%	$316	—	150x	as long as short
dYdX WLFI-USD	+0.0026%	1h	0.05779	−0.054%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.141%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05775	−0.121%	$1.0M	$459K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05781	−0.025%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05778	−0.069%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05777	−0.078%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05788	+0.099%	$1.6M	$556K	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	0.05779	−0.054%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05788	+0.110%	$139.7M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05788	+0.104%	$21.1M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	−0.035%	$7.7M	$13.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05781	−0.016%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05786	+0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05790	+0.138%	$13.8M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05787	+0.086%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05789	+0.121%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05779	−0.052%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05781	−0.017%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05777	−0.078%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	+0.130%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.035%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.138%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05780	−0.035%	$85	$5K	5x	as long as short
Extended WLFI-USDshort	+0.0104%	1h	0.05780	−0.038%	$176K	$735K	10x
01 Exchange WLFIUSD	+0.0216%	1h	0.05784	+0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05775	−0.114%	$7K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05782	long leg	$4.8M	$86K	75x
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05782	+0.007%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05784	+0.035%	$525	$11K	10x	as long as short