Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Hyperliquid against HTX+0.330%7-day average −0.486% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$1551.546% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)−0.744%−$74 · spread now +0.330%, 7d avg −0.486%

Together, before fees−0.932%+ Points / potential airdropHyperliquid: Season 2 · farm board−$93 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: Hyperliquid is 0.816% dearer against HTX than usual: you sell high and buy low, +$82 on $10k if it goes back to its 7-day average of −0.486%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2451	0.0100	pay 0.0050% / 4h	1h 00m	$170K	$719K	75x
Short	Hyperliquid WIF	0.2459	0.0100	get 0.0013% / 1h	0m 52s	$7.6M	$4.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.330%Rate

Funding earned: $0
Price spread: +0.330% → −0.486%: $81.62
Slippage, 4 orders: −$133.65
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$73.03
Costs to cover: 1.546%
Break-even: never at this rate

Slippage from HTX: live order book, 18 min ago; Hyperliquid: live order book, 1 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 HTX live order book, 18 min ago	8.27 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	2.24 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit

WIF 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
Backpack WIF_USDC_PERP	−0.0291%	1h	0.2451	+0.012%	$75K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0022%	4h	0.2452	+0.041%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	−0.177%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2456	+0.204%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2458	+0.268%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.285%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2456	+0.204%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2455	+0.147%	$134K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2447	−0.163%	$54K	$483K	20x	as long as short
Hyperliquid WIFshort	+0.0100%	1h	0.2459	+0.330%	$7.6M	$4.0M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2454	+0.124%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	−0.211%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2456	+0.204%	$18.4M	$101.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2454	+0.131%	$17.0M	$35.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2456	+0.204%	$6.1M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2456	+0.204%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2454	+0.122%	$22.4M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2456	+0.204%	$7.6M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2453	+0.082%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2438	−0.523%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2447	−0.163%	$279K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	−0.163%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2450	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	+0.102%	$563	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2451	long leg	$170K	$719K	75x
Extended WIF-USD	+0.0104%	1h	0.2452	+0.021%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2455	+0.144%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.1303%	1h	0.2456	+0.223%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2447	−0.163%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2453	+0.082%	$988K	$725K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0368%	1h	0.2457	+0.231%	$655K	$2.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2452	+0.027%	$0	—	15x	as long as short