Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: Bitget against gTrade (Gains Network)−0.026%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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. Bitget is 0.026% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 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	gTrade (Gains Network) WLFI/USD	0.05747	L +0.0005% / S −0.0005%	pay 0.0001% / 1h	15m 59s	$314	—	150x
Short	Bitget WLFIUSDT	0.05746	0.0100	get 0.0050% / 4h	15m 59s	$8.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.026%Rate

Funding earned: $19.91
Price spread: −0.026% → 0.000%: −$2.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.7
Costs to cover: 0.220%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	1.74 bp	14.0 bp −$14	27.0 bp −$270	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Lighter WLFI	−0.0088%	1h	0.05740	−0.130%	$1.0M	$441K	5x	as long as short
Aster WLFIUSDT	−0.0048%	4h	0.05747	−0.016%	$1.6M	$574K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.183%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.187%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDlong	L +0.0005% / S −0.0005%	1h	0.05747	long leg	$314	—	150x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.548%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0068%	4h	0.05742	−0.087%	$448K	$40K	—	as long as short
Paradex WLFI-USD-PERP	+0.0087%	8h	0.05743	−0.076%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05750	+0.043%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05744	−0.052%	$81K	$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	0.05746	−0.030%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05746	−0.031%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05745	−0.040%	$138.4M	$41.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05744	−0.061%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05744	−0.061%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05746	−0.033%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05743	−0.078%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.026%	$13.7M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05751	+0.061%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05746	−0.026%	$8.0M	$3.3M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05745	−0.043%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	−0.009%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	−0.131%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.304%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.043%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	+0.026%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05744	−0.053%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05748	+0.009%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05750	+0.038%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0190%	1h	0.05744	−0.061%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	−0.047%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05744	−0.061%	$4.8M	$86K	75x	as long as short