Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0341%/8h= +37.4% APRpaid last 24h −0.006%

Price spread now: Deribit against Bybit+0.173%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$10 a day on $10k at the current rate, and Deribit is 0.173% dearer against Bybit than usual: you sell high and buy low: +$17 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	Bybit WLFIUSDT	0.05779	0.0100	pay 0.0050% / 4h	1h 01m	$21.1M	$19.2M	75x
Short	Deribit WLFI_USDC-PERPETUAL	0.05789	0.0441	get 0.0055% / 1h	1m 08s	$525	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now +0.173%Rate

Funding earned: $71.7
Price spread: +0.173% → 0.000%: $17.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $71.01
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.87 bp	7.7 bp −$8	29.5 bp −$295	doesn't fit	doesn't fit
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	−0.0312%	1h	0.05737	−0.727%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.615%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05781	+0.042%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.090%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0057%	1h	0.05780	+0.024%	$11K	$943	5x	as long as short
BloFin WLFI-USDT	+0.0095%	4h	0.05785	+0.104%	$4.8M	$92K	75x	as long as short
Lighter WLFI	+0.0096%	1h	0.05779	0.000%	$1.0M	$466K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05782	+0.053%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	+0.072%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05782	+0.055%	$10.6M	$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
Aster WLFIUSDT	+0.0100%	4h	0.05783	+0.077%	$1.6M	$535K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05783	+0.061%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05789	+0.164%	$139.8M	$42.9M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05779	long leg	$21.1M	$19.2M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05784	+0.087%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05786	+0.119%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05784	+0.087%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05788	+0.156%	$13.7M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05787	+0.138%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	+0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05784	+0.087%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05784	+0.087%	$235K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05783	+0.078%	$452K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05789	+0.164%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.017%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.190%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	+0.104%	$83	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05781	+0.040%	$174K	$523K	10x	as long as short
01 Exchange WLFIUSD	+0.0296%	1h	0.05788	+0.156%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	+0.071%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05789	+0.171%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUALshort	+0.0441%	1h	0.05789	+0.173%	$525	$11K	10x