Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.051%

Price spread now: Variational Omni against GMX−0.313%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.313% cheaper against GMX than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05784	L +0.0303% / S −0.1371%	pay 0.0038% / 1h	8m 24s	$7K	—	100x
Short	Variational Omni WLFI	0.05766	0.0100	get 0.0050% / 4h	8m 24s	$450K	$39K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.313%Rate

Funding earned: −$42.66
Price spread: −0.313% → 0.000%: −$31.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$85.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 31 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 Variational Omni RFQ quote, 31 min ago	4.34 bp	doesn't fit	23.4 bp −$234	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	−0.0328%	1h	0.05732	−0.897%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.526%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05783	−0.016%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.174%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0064%	1h	0.05782	−0.031%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05783	−0.016%	$1.1M	$468K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05783	−0.021%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	−0.024%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05782	−0.033%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05782	−0.034%	$1.6M	$527K	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	0.05789	+0.095%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05786	+0.033%	$139.7M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05778	−0.102%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05782	−0.033%	$7.8M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05788	+0.066%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05784	+0.002%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05782	−0.033%	$13.6M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05789	+0.088%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	−0.050%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05783	−0.016%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05786	+0.036%	$235K	$30K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05766	−0.313%	$450K	$39K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−0.241%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.240%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.105%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05784	+0.002%	$94	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.082%	$174K	$1.0M	10x	as long as short
BloFin WLFI-USDT	+0.0159%	4h	0.05789	+0.088%	$4.8M	$102K	75x	as long as short
01 Exchange WLFIUSD	+0.0248%	1h	0.05789	+0.088%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0303% / S −0.1371%	1h	0.05784	long leg	$7K	—	100x
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05799	+0.261%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0615%	1h	0.05788	+0.071%	$525	$11K	10x	as long as short