Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.008%

Price spread now: Variational Omni against Deribit+0.568%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.568% dearer against Deribit than usual: you sell high and buy low, +$57 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	0.05726	0.0099	pay 0.0012% / 1h	32m 41s	$520	$11K	10x
Short	Variational Omni WLFI	0.05759	0.0100	get 0.0050% / 4h	3h 32m	$450K	$39K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.568%Rate

Funding earned: $0.12
Price spread: +0.568% → 0.000%: $56.85
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $49.97
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	4.34 bp	doesn't fit	28.7 bp −$287	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
Coinbase International WLFI-PERP-INTX	−0.0536%	1h	0.05732	+0.105%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0184%	1h	0.05728	+0.035%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.582%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05725	−0.013%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.175%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05710	−0.279%	$1.0M	$470K	5x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0099%	1h	0.05726	long leg	$520	$11K	10x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05750	+0.418%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05725	−0.009%	$80K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05714	−0.217%	$10.4M	$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	0.05719	−0.127%	$1.6M	$526K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05750	+0.426%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05719	−0.122%	$138.2M	$43.4M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05711	−0.262%	$20.9M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05714	−0.210%	$7.6M	$13.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05729	+0.056%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05719	−0.122%	$3.4M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05727	+0.017%	$13.5M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05724	−0.035%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05714	−0.210%	$7.9M	$3.6M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05720	−0.105%	—	$7.5M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05726	0.000%	$230K	$33K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05759	+0.568%	$450K	$39K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	+0.768%	$285K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.768%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.070%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05725	−0.017%	$100	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05722	−0.070%	$176K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0124%	1h	0.05719	−0.122%	$11K	$943	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05726	−0.009%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05739	+0.227%	$4.8M	$103K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2367%	1h	0.05725	−0.010%	$96K	$90K	20x	as long as short