Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.036%

Price spread now: Binance against GMX+0.121%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 Binance

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. Binance is 0.121% dearer against GMX than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05755	L +0.0252% / S −0.0496%	pay 0.0031% / 1h	25m 50s	$3K	—	100x
Short	Binance WLFIUSDT	0.05762	0.0100	get 0.0050% / 4h	3h 25m	$138.0M	$39.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.121%Rate

Funding earned: −$31.9
Price spread: +0.121% → 0.000%: $12.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.87 bp	8.1 bp −$8	17.8 bp −$178	85.3 bp −$8,527	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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05760	+0.077%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05754	−0.029%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.043%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05758	+0.051%	$315	—	150x	as long as short
Lighter WLFI	+0.0008%	1h	0.05754	−0.021%	$991K	$398K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.681%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0042%	4h	0.05761	+0.099%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0086%	8h	0.05754	−0.023%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05762	+0.118%	$523	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05754	−0.012%	$80K	$25K	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	0.05760	+0.083%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05754	−0.024%	$247K	$13K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05762	+0.121%	$138.0M	$39.8M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05758	+0.049%	$21.2M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05758	+0.049%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05759	+0.071%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05760	+0.083%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05761	+0.101%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05761	+0.101%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05760	+0.083%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	+0.083%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05762	+0.118%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.063%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05763	+0.128%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.090%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.083%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05759	+0.066%	$106	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05758	+0.044%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05758	+0.049%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.316%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0252% / S −0.0496%	1h	0.05755	long leg	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05758	+0.049%	$4.7M	$77K	75x	as long as short