Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.004%

Price spread now: BingX against Coinbase International−0.122%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

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

Funding pays, the price is against you. BingX is 0.122% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 33 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WLFI-PERP-INTX	0.05737	−0.0200	get 0.0025% / 1h	7m 10s	$32K	$15K	50x
Short	BingX WLFI-USDT	0.05730	0.0100	get 0.0050% / 4h	1h 07m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $63
Price spread: −0.122% → 0.000%: −$12.2
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $30.8
Costs to cover: 0.200%
Break-even: 3.6 days

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 1 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	6.11 bp	13.9 bp −$14	28.2 bp −$282	74.1 bp −$7,414	463.6 bp −$231.8K

Coinbase International: 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-INTXlong	−0.0200%	1h	0.05737	long leg	$32K	$15K	50x
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05737	−0.001%	$99K	$87K	20x	as long as short
Lighter WLFI	−0.0032%	1h	0.05726	−0.192%	$1.0M	$433K	5x	as long as short
Aster WLFIUSDT	−0.0004%	4h	0.05730	−0.118%	$1.6M	$575K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.378%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05734	−0.052%	$520	$11K	10x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05734	−0.061%	$11K	$970	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	−0.082%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.366%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05730	−0.114%	$2K	$118	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	0.05729	−0.132%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05730	−0.122%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	−0.052%	$137.9M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05725	−0.209%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05728	−0.157%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	−0.023%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05729	−0.139%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05733	−0.070%	$13.8M	$21.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05732	−0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	−0.157%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDTshort	+0.0100%	4h	0.05730	−0.122%	—	$7.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	−0.087%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05731	−0.098%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05737	−0.007%	$275K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.122%	$33K	$39K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05729	−0.148%	$81K	$25K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−0.122%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	−0.035%	$111	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05728	−0.157%	$133K	$485K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05732	−0.087%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	−0.064%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05734	−0.052%	$4.8M	$82K	75x	as long as short