Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.106%

Price spread now: Bitget against Kraken Futures−0.248%58s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.248% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 4.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.155% in total) that is about 11 days. The two prices were read 58 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	Kraken Futures PF_WLFIUSD	0.05770	−0.0109	get 0.0014% / 1h	3m 25s	$73K	$49K	20x
Short	Bitget WLFIUSDT	0.05756	0.0100	get 0.0050% / 4h	3h 03m	$8.0M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.248%Rate

Funding earned: $43.92
Price spread: −0.248% → 0.000%: −$24.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.92
Costs to cover: 0.220%
Break-even: 7.5 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.74 bp	12.9 bp −$13	24.5 bp −$245	doesn't fit	doesn't fit

Kraken Futures: 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_WLFIUSDlong	−0.0109%	1h	0.05770	long leg	$73K	$49K	20x
Lighter WLFI	−0.0016%	1h	0.05755	−0.266%	$995K	$401K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05762	−0.152%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.765%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05771	+0.011%	$524	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05760	−0.173%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.942%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0085%	4h	0.05759	−0.191%	$1.6M	$589K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0091%	8h	0.05755	−0.261%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05754	−0.292%	$80K	$24K	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	−0.181%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05758	−0.216%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05762	−0.144%	$138.0M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05757	−0.231%	$20.9M	$17.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05757	−0.231%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05761	−0.157%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	−0.144%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05761	−0.162%	$15.5M	$21.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	−0.127%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05756	−0.248%	$8.0M	$3.1M	75x
BingX WLFI-USDC	+0.0100%	4h	0.05760	−0.179%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05768	−0.041%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05754	−0.276%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−0.006%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.179%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	−0.006%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05771	+0.011%	$114	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05755	−0.263%	$134K	$512K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05759	−0.196%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.578%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	−0.125%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05761	−0.162%	$4.7M	$78K	75x	as long as short