Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: Injective against SunX−1.618%61s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

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 −$2 a day on $10k at the current rate, and Injective is 1.618% cheaper against SunX than usual: you would sell low and buy high (−$162 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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	SunX WLFI-USDT	0.05810	0.0100	pay 0.0050% / 4h	3h 24m	$38K	$1.7M	20x
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	24m 15s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.618%Rate

Funding earned: −$14
Price spread: −1.618% → 0.000%: −$161.79
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$183.81
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Injective: 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, 11 min ago	34.48 bp	93.8 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.055%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05805	−0.086%	$527	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05801	−0.156%	$317	—	150x	as long as short
dYdX WLFI-USD	+0.0015%	1h	0.05804	−0.096%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−1.618%	$6K	$77K	5.5x
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.256%	$32K	$15K	50x	as long as short
Lighter WLFI	+0.0056%	1h	0.05796	−0.241%	$1.0M	$450K	5x	as long as short
Aster WLFIUSDT	+0.0069%	4h	0.05801	−0.156%	$1.6M	$577K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05800	−0.173%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05800	−0.174%	$82K	$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	0.05801	−0.164%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05801	−0.162%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05803	−0.120%	$139.9M	$41.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05798	−0.207%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05800	−0.172%	$7.7M	$13.3M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05801	−0.164%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05805	−0.086%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05802	−0.138%	$13.5M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05802	−0.138%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05806	−0.069%	$8.0M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05800	−0.172%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05804	−0.103%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05801	−0.148%	$453K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05798	−0.204%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−0.344%	$34K	$38K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05810	long leg	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05803	−0.120%	$104	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05799	−0.195%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05803	−0.120%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05803	−0.122%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05808	−0.027%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05806	−0.069%	$4.8M	$88K	75x	as long as short