Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.3% APRpaid last 24h +4.273%

Price spread now: GMX against Variational Omni−0.103%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.103% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 21 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	Variational Omni WLFI	0.05731	0.0100	pay 0.0050% / 4h	1h 06m	$447K	$41K	—
Short	GMX WLFI/USD [ETH-USDC]	0.05726	L +0.0252% / S −0.0496%	get 0.0062% / 1h	6m 12s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $83.13
Price spread: −0.103% → 0.000%: −$10.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $60.86
Costs to cover: 0.120%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 58 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 Variational Omni RFQ quote, 58 min ago	4.35 bp	doesn't fit	28.7 bp −$287	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
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	+0.098%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05733	+0.026%	$99K	$87K	20x	as long as short
Lighter WLFI	−0.0048%	1h	0.05721	−0.181%	$1.0M	$433K	5x	as long as short
Aster WLFIUSDT	−0.0008%	4h	0.05728	−0.057%	$1.6M	$575K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.481%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05729	−0.042%	$520	$11K	10x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05734	+0.037%	$11K	$970	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05729	−0.046%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.268%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05730	−0.023%	$2K	$118	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	0.05726	−0.097%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05729	−0.045%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05729	−0.042%	$137.8M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05723	−0.146%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05725	−0.111%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	+0.051%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05727	−0.076%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05730	−0.024%	$13.7M	$21.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05732	+0.011%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	−0.111%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05728	−0.059%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	+0.011%	$238K	$27K	10x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05731	long leg	$447K	$41K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05737	+0.091%	$275K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.024%	$33K	$39K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05727	−0.068%	$81K	$25K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−0.024%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05727	−0.076%	$117	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05723	−0.146%	$133K	$485K	10x	as long as short
01 Exchange WLFIUSD	+0.0112%	1h	0.05730	−0.024%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0252% / S −0.0496%	1h	0.05726	−0.103%	$3K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05734	+0.046%	$4.8M	$82K	75x	as long as short