Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%

Price spread now: MEXC against Injective+0.805%7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.805% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLFI/USDC PERP	0.05716	0.0033	pay 0.0004% / 1h	35m 11s	$6K	$77K	5.5x
Short	MEXC WLFI_USDT	0.05762	0.0100	get 0.0050% / 4h	35m 11s	$13.6M	$19.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +0.805%Rate

Funding earned: $14
Price spread: +0.805% → 0.000%: $80.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $94.46
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.87 bp	0.9 bp −$1	4.6 bp −$46	48.2 bp −$4,818	117.9 bp −$59.0K

Injective: 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	+0.280%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.764%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05766	+0.882%	$315	—	150x	as long as short
Injective WLFI/USDC PERPlong	+0.0033%	1h	0.05716	long leg	$6K	$77K	5.5x
BloFin WLFI-USDT	+0.0050%	4h	0.05773	+0.997%	$4.8M	$91K	75x	as long as short
Lighter WLFI	+0.0096%	1h	0.05761	+0.787%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05761	+0.794%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	+0.807%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05762	+0.803%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05766	+0.869%	$1.6M	$533K	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	0.05763	+0.829%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05766	+0.869%	$139.2M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05759	+0.752%	$21.0M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05762	+0.805%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	+0.857%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	+0.805%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05762	+0.805%	$13.6M	$19.8M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	+0.892%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05763	+0.822%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05769	+0.927%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05764	+0.840%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05757	+0.724%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05783	+1.178%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.770%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.945%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05766	+0.875%	$86	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05761	+0.781%	$178K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0109%	1h	0.05769	+0.926%	$11K	$943	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05769	+0.927%	$524	$11K	10x	as long as short
01 Exchange WLFIUSD	+0.0280%	1h	0.05767	+0.892%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05763	+0.831%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0407%	1h	0.05783	+1.171%	$97K	$90K	20x	as long as short