Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against MEXC−0.091%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.091% cheaper against MEXC than usual: you would sell low and buy high (−$9 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	MEXC WLFI_USDT	0.05717	0.0100	pay 0.0050% / 4h	35m 34s	$13.7M	$21.1M	100x
Short	gTrade (Gains Network) WLFI/USD	0.05712	L +0.0005% / S −0.0005%	get 0.0001% / 1h	35m 34s	$312	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.091%Rate

Funding earned: −$20.02
Price spread: −0.091% → 0.000%: −$9.06
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 3 min ago	0.87 bp	0.9 bp −$1	6.0 bp −$60	46.6 bp −$4,658	116.6 bp −$58.3K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Lighter WLFI	−0.0096%	1h	0.05709	−0.140%	$1.0M	$437K	5x	as long as short
Aster WLFIUSDT	−0.0060%	4h	0.05712	−0.087%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.350%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	−0.019%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.747%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USDshort	L +0.0005% / S −0.0005%	1h	0.05712	−0.091%	$312	—	150x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.017%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0081%	8h	0.05712	−0.081%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05717	0.000%	$519	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05715	−0.026%	$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	0.05715	−0.040%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05714	−0.047%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05719	+0.032%	$137.7M	$40.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05712	−0.087%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05714	−0.052%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05717	+0.005%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05714	−0.052%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05717	long leg	$13.7M	$21.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05715	−0.035%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05713	−0.070%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05714	−0.052%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05704	−0.236%	$446K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05715	−0.036%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	+0.052%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05715	−0.035%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05715	−0.034%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05719	+0.035%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05718	+0.012%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05713	−0.075%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05720	+0.052%	$4.8M	$84K	75x	as long as short