Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.015%

Price spread now: Binance against Deribit−0.050%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Binance

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.050% cheaper against Deribit than usual: you would sell low and buy high, −$5 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	Deribit WLFI_USDC-PERPETUAL	0.05747	0.0098	pay 0.0012% / 1h	56m 05s	$522	$11K	10x
Short	Binance WLFIUSDT	0.05744	0.0100	get 0.0050% / 4h	1h 56m	$137.9M	$40.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $0.39
Price spread: −0.050% → 0.000%: −$4.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.58
Costs to cover: 0.170%
Break-even: 391.6 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 2 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.87 bp	8.9 bp −$9	20.9 bp −$209	89.3 bp −$8,927	doesn't fit

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 31 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	−0.0200%	1h	0.05737	−0.174%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05746	−0.018%	$99K	$85K	20x	as long as short
Lighter WLFI	0.0000%	1h	0.05737	−0.174%	$1.0M	$420K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05738	−0.156%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.193%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05741	−0.109%	$314	—	150x	as long as short
Aster WLFIUSDT	+0.0029%	4h	0.05739	−0.143%	$1.6M	$581K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.539%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05740	−0.117%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0088%	1h	0.05747	0.000%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUALlong	+0.0098%	1h	0.05747	long leg	$522	$11K	10x
Nado WLFI-PERP	+0.0100%	1h	0.05742	−0.078%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05738	−0.150%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05741	−0.097%	$246K	$13K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05744	−0.050%	$137.9M	$40.0M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05738	−0.157%	$20.9M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05737	−0.174%	$7.7M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05751	+0.077%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05738	−0.157%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05745	−0.035%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05742	−0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05742	−0.087%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05734	−0.226%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05742	−0.087%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05742	−0.095%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	−0.122%	$275K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.296%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	−0.035%	$120	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05738	−0.155%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	−0.044%	$3K	—	100x	as long as short