Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.036%

Price spread now: BloFin against Extended+0.036%74s7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.641% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.036%, 7d avg +0.109%

Together, before fees+0.287%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.072% cheaper against Extended than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.109%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.087% in total) that is about 5.8 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLFI-USD	0.05775	0.0104	pay 0.0013% / 1h	45m 47s	$133K	$482K	10x
Short	BloFin WLFI-USDT	0.05777	0.0340	get 0.0170% / 4h	3h 45m	$4.8M	$87K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $49.56
Price spread: +0.036% → +0.109%: −$7.24
Slippage, 4 orders: −$47.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.82
Costs to cover: 0.641%
Break-even: 10.1 days

Slippage from Extended: live order book, 7 min ago; BloFin: live order book, 3 min ago.

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 Extended live order book, 7 min ago	2.60 bp	17.7 bp −$18	110.2 bp −$1,102	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.60 bp	16.3 bp −$16	27.3 bp −$273	72.4 bp −$7,245	doesn't fit

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
dYdX WLFI-USD	0.0000%	1h	0.05771	−0.059%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.689%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05778	+0.062%	$316	—	150x	as long as short
Aster WLFIUSDT	+0.0008%	4h	0.05772	−0.049%	$1.6M	$577K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.020%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.656%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERP	+0.0093%	8h	0.05772	−0.047%	$2K	$118	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05774	−0.016%	$1.0M	$447K	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05774	−0.017%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05776	+0.021%	$10.5M	$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
Pacifica WLFI	+0.0100%	1h	0.05773	−0.031%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05793	+0.310%	$139.6M	$41.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05784	+0.158%	$21.1M	$18.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05786	+0.192%	$7.7M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05777	+0.033%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05786	+0.192%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05792	+0.296%	$13.7M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05775	+0.002%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05783	+0.140%	$8.0M	$3.4M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05783	+0.140%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05772	−0.042%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05769	−0.099%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.258%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.088%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05777	+0.036%	$91	$5K	5x	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05779	+0.071%	$240K	$26K	10x	as long as short
Extended WLFI-USDlong	+0.0104%	1h	0.05775	long leg	$133K	$482K	10x
01 Exchange WLFIUSD	+0.0152%	1h	0.05783	+0.140%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05776	+0.012%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05783	+0.140%	$525	$11K	10x	as long as short
Kraken Futures PF_WLFIUSD	+0.0339%	1h	0.05781	+0.104%	$100K	$87K	20x	as long as short
BloFin WLFI-USDTshort	+0.0340%	4h	0.05777	+0.036%	$4.8M	$87K	75x