WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0203%/8h= −22.2% APRnext payment −$0.25 per $10,000 · paid last 24h −0.045%

Price spread now: Backpack against GMX+0.049%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.049% dearer against GMX than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05772	L +0.0303% / S −0.1371%	pay 0.0038% / 1h	33m 26s	$7K	—	100x
Short	Backpack WLFI_USDC_PERP	0.05775	0.0100	get 0.0013% / 1h	33m 26s	$240K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$42.66
Price spread: +0.049% → 0.000%: $4.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$59.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 15 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 15 min ago	0.86 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.0144%	1h	0.05737	−0.610%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.739%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05771	−0.020%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.974%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0043%	1h	0.05774	+0.024%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	−0.073%	$1.0M	$456K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05777	+0.083%	$524	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05770	−0.043%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05769	−0.055%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05779	+0.122%	$1.6M	$587K	20x	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	0.05772	−0.003%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05779	+0.122%	$139.4M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05768	−0.073%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.055%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	+0.050%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05773	+0.014%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05772	−0.003%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05775	+0.049%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	−0.073%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05773	+0.014%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERPshort	+0.0100%	1h	0.05775	+0.049%	$240K	$26K	10x
Variational Omni WLFI	+0.0100%	4h	0.05781	+0.146%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05781	+0.149%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	+0.308%	$34K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05768	−0.073%	$82K	$23K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.135%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05776	+0.066%	$88	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−0.065%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05773	+0.014%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0303% / S −0.1371%	1h	0.05772	long leg	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05793	+0.360%	$4.9M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05779	+0.116%	$97K	$90K	20x	as long as short