Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: Variational Omni against Injective+0.411%46s7-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 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.411% dearer against Injective than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

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	58m 32s	$6K	$77K	5.5x
Short	Variational Omni WLFI	0.05739	0.0100	get 0.0050% / 4h	1h 58m	$448K	$41K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.411%Rate

Funding earned: $14
Price spread: +0.411% → 0.000%: $41.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $55.08
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	4.35 bp	doesn't fit	28.7 bp −$287	doesn't fit	doesn't fit

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 31 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	−0.0200%	1h	0.05737	+0.367%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05735	+0.339%	$99K	$85K	20x	as long as short
Lighter WLFI	−0.0128%	1h	0.05727	+0.192%	$999K	$419K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05733	+0.298%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.763%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05734	+0.315%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05730	+0.242%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0032%	1h	0.05732	+0.280%	$4K	$319	3x	as long as short
Injective WLFI/USDC PERPlong	+0.0033%	1h	0.05716	long leg	$6K	$77K	5.5x
Aster WLFIUSDT	+0.0038%	4h	0.05733	+0.293%	$1.6M	$582K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05730	+0.241%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0086%	1h	0.05726	+0.184%	$80K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05728	+0.212%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05729	+0.231%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.315%	$137.6M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05727	+0.192%	$20.9M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05727	+0.192%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	+0.346%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05730	+0.245%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05730	+0.245%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05731	+0.262%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	+0.157%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05738	+0.385%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	+0.280%	$238K	$27K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05739	+0.411%	$448K	$41K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	+0.558%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.595%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.420%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05733	+0.297%	$121	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05727	+0.186%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.294%	$3K	—	100x	as long as short