Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.011%

Price spread now: Bybit against Deribit−0.052%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 Bybit

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. Bybit is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05808	0	get 0.0000% / 1h	26m 13s	$527	$11K	10x
Short	Bybit WLFIUSDT	0.05805	0.0100	get 0.0050% / 4h	3h 26m	$21.1M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $21
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.17
Costs to cover: 0.180%
Break-even: 7.7 days

Slippage unknown: Deribit: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	0.86 bp	11.4 bp −$11	30.3 bp −$303	doesn't fit	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 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.092%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.0000%	1h	0.05808	long leg	$527	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05806	−0.037%	$317	—	150x	as long as short
dYdX WLFI-USD	+0.0016%	1h	0.05804	−0.062%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.584%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.222%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	+0.0065%	4h	0.05808	+0.001%	$1.6M	$577K	20x	as long as short
Lighter WLFI	+0.0072%	1h	0.05800	−0.138%	$1.0M	$450K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05804	−0.065%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05806	−0.034%	$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	0.05803	−0.095%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05804	−0.072%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05808	+0.002%	$140.0M	$41.8M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05805	−0.052%	$21.1M	$19.1M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05804	−0.069%	$7.7M	$13.3M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05809	+0.012%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05806	−0.034%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05809	+0.017%	$13.5M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05808	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05806	−0.034%	$8.0M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05805	−0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05808	0.000%	$242K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05784	−0.405%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05798	−0.170%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.310%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.034%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05804	−0.069%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05801	−0.124%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05811	+0.052%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05804	−0.065%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05811	+0.052%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05801	−0.121%	$4.8M	$88K	75x	as long as short