Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0242%/8hpaid last 24h −0.029%

Price spread now: KuCoin against GMX+0.084%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 KuCoin

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. KuCoin is 0.084% dearer against GMX than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05726	L +0.0342% / S −0.0695%	pay 0.0043% / 1h	21m 38s	$3K	—	100x
Short	KuCoin WLFIUSDTM	0.05731	0.0100	get 0.0050% / 4h	21m 38s	$3.2M	$953K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$50.82
Price spread: +0.084% → 0.000%: $8.38
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$66.44
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.75 bp	25.3 bp −$25	102.5 bp −$1,025	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
Aster WLFIUSDT	−0.0447%	4h	0.05728	+0.032%	$1.6M	$566K	20x	as long as short
Kraken Futures PF_WLFIUSD	−0.0367%	1h	0.05730	+0.072%	$72K	$95K	20x	as long as short
OKX WLFI-USDT-SWAP	−0.0075%	4h	0.05724	−0.038%	$7.5M	$12.3M	50x	as long as short
Lighter WLFI	−0.0048%	1h	0.05723	−0.056%	$943K	$356K	5x	as long as short
Variational Omni WLFI	−0.0008%	4h	0.05716	−0.170%	$447K	$25K	—	as long as short
Paradex WLFI-USD-PERP	−0.0005%	8h	0.05732	+0.094%	$2K	$108	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05732	+0.101%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.574%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05730	+0.066%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05729	+0.047%	$313	—	150x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLFI/USDC PERP	+0.0033%	1h	0.05685	−0.719%	$6K	$37K	5.5x	as long as short
Hyperliquid WLFI	+0.0057%	1h	0.05723	−0.061%	$10.5M	$1.2M	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05730	+0.066%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.065%	$79K	$29K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05726	−0.010%	$243K	$9K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05729	+0.045%	$137.1M	$38.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05724	−0.038%	$20.6M	$16.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05732	+0.101%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05728	+0.031%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05737	+0.189%	$14.0M	$20.4M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05731	+0.084%	$3.2M	$953K	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05730	+0.066%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05731	+0.084%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05729	+0.049%	$240K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05727	+0.022%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.241%	$33K	$44K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.066%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05728	+0.031%	$123	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05726	−0.009%	$132K	$490K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05733	+0.119%	$4.8M	$70K	75x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0342% / S −0.0695%	1h	0.05726	long leg	$3K	—	100x
Coinbase International WLFI-PERP-INTX	+0.0456%	1h	0.05697	−0.510%	$32K	$16K	50x	as long as short