Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0396%/8h= +43.3% APRpaid last 24h +4.298%

Price spread now: GMX against SunX−0.120%7-day average — · you buy dearer than you sell

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

Long on SunX Short on GMX

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

Funding pays, the price is against you. GMX is 0.120% cheaper against SunX than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 24 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLFI-USDT	0.05770	0.0100	pay 0.0050% / 4h	3h 03m	$38K	$1.7M	20x
Short	GMX WLFI/USD [ETH-USDC]	0.05763	L +0.0252% / S −0.0496%	get 0.0062% / 1h	3m 08s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $83.13
Price spread: −0.120% → 0.000%: −$11.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $51.17
Costs to cover: 0.200%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 12 min ago; GMX: 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 SunX live order book, 12 min ago	34.72 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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_WLFIUSD	−0.0109%	1h	0.05763	−0.123%	$73K	$49K	20x	as long as short
Lighter WLFI	−0.0016%	1h	0.05757	−0.225%	$995K	$401K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05762	−0.146%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.771%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05765	−0.087%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05760	−0.167%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.936%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0085%	4h	0.05759	−0.189%	$1.6M	$589K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0091%	8h	0.05755	−0.255%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05754	−0.286%	$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	−0.175%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05758	−0.210%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05768	−0.043%	$138.1M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05762	−0.139%	$20.9M	$17.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05758	−0.208%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05761	−0.151%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	−0.139%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05768	−0.035%	$15.5M	$21.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	−0.121%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05757	−0.225%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	−0.173%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	−0.121%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05754	−0.270%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	0.000%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.173%	$33K	$40K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05770	long leg	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05762	−0.139%	$115	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05755	−0.257%	$134K	$512K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05759	−0.191%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.572%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0252% / S −0.0496%	1h	0.05763	−0.120%	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05763	−0.121%	$4.7M	$78K	75x	as long as short