Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: Gate against Deribit−0.035%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 Gate

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. Gate is 0.035% cheaper against Deribit than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 28 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	0.05736	0	get 0.0000% / 1h	23m 59s	$521	$11K	10x
Short	Gate WLFI_USDT	0.05734	0.0100	get 0.0050% / 4h	23m 59s	$3.5M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: $21
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.49
Costs to cover: 0.220%
Break-even: 8.5 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	3.49 bp	19.5 bp −$19	41.5 bp −$415	72.8 bp −$7,278	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
Kraken Futures PF_WLFIUSD	−0.0435%	1h	0.05735	−0.020%	$73K	$57K	20x	as long as short
Aster WLFIUSDT	−0.0082%	4h	0.05737	+0.011%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05732	−0.077%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.393%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.0000%	1h	0.05736	long leg	$521	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	−0.061%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.349%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0075%	8h	0.05733	−0.056%	$2K	$108	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05729	−0.122%	$964K	$391K	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05729	−0.131%	$79K	$26K	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	0.05731	−0.078%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05733	−0.047%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	−0.043%	$137.3M	$39.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05727	−0.157%	$20.9M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05729	−0.122%	$7.5M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	+0.002%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05734	−0.035%	$3.5M	$2.9M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05731	−0.087%	$14.8M	$21.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05735	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05727	−0.157%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05736	0.000%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05734	−0.035%	$238K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05728	−0.142%	$444K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05736	−0.008%	$274K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.070%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.070%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	−0.017%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05728	−0.134%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05733	−0.052%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	−0.038%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05725	−0.192%	$4.5M	$74K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.017%	$32K	$16K	50x	as long as short