Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.070%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.070%, 7d avg −0.018%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05720	0.0100	pay 0.0050% / 4h	39m 01s	$3.3M	$1.1M	75x
Short	Gate WLFI_USDT	0.05716	0.0100	get 0.0050% / 4h	39m 01s	$3.4M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.018%: −$5.23
Slippage, 4 orders: −$57.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 4 min ago.

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 KuCoin live order book, 3 min ago	4.37 bp	26.8 bp −$27	92.5 bp −$925	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.75 bp	17.3 bp −$17	40.4 bp −$404	69.3 bp −$6,925	doesn't fit

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
Lighter WLFI	−0.0080%	1h	0.05710	−0.175%	$1.0M	$437K	5x	as long as short
Aster WLFIUSDT	−0.0054%	4h	0.05720	−0.006%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.297%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05721	+0.017%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.691%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05717	−0.060%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.070%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0084%	8h	0.05712	−0.144%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05718	−0.035%	$519	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05712	−0.131%	$81K	$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	0.05711	−0.150%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05715	−0.079%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05719	−0.023%	$137.6M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05714	−0.105%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05710	−0.175%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05720	+0.002%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05716	−0.070%	$3.4M	$3.0M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05719	−0.017%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05720	long leg	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05716	−0.070%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05718	−0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05716	−0.070%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05710	−0.167%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05722	+0.034%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.175%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	0.000%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05716	−0.070%	$111	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05711	−0.165%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05717	−0.052%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05720	+0.008%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05714	−0.103%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05718	−0.035%	$4.8M	$84K	75x	as long as short