Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: HTX against Hyperliquid−0.307%7-day average +0.417% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.699%+$70 · spread now −0.307%, 7d avg +0.417%

Together, before fees+0.870%+ Points / potential airdropHyperliquid: Season 2 · farm board+$87 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: HTX is 0.723% cheaper against Hyperliquid than usual: you would sell low and buy high, −$72 on $10k if it goes back to its 7-day average of +0.417%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WIF	0.2512	0.0100	pay 0.0013% / 1h	46m 49s	$8.8M	$6.8M	5x
Short	HTX WIF-USDT	0.2504	0.0100	get 0.0050% / 4h	46m 49s	$156K	$948K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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 HyperliquidbpFee HTXbpOrdersPrice spread, now −0.307%Rate

Funding earned: $0
Price spread: −0.307% → +0.417%: −$72.32
Slippage, 4 orders: −$62.72
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$156.03
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; HTX: live order book, 57 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 Hyperliquid live order book, 6 min ago	1.81 bp	12.6 bp −$13	22.9 bp −$229	doesn't fit	doesn't fit
Sell HTX live order book, 57 min ago	10.17 bp	30.9 bp −$31	510.4 bp −$5,104	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
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−1.979%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2509	−0.107%	$1.0M	$959K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0045% / S +0.0248%	1h	0.2513	+0.054%	$20K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2509	−0.088%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2514	+0.092%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2514	+0.092%	$351	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2513	+0.040%	$144K	$698K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2516	+0.171%	$55K	$573K	20x	as long as short
Hyperliquid WIFlong	+0.0100%	1h	0.2512	long leg	$8.8M	$6.8M	5x
Aster WIFUSDT	+0.0100%	4h	0.2512	+0.019%	$31K	$351K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2510	−0.065%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2512	+0.031%	$19.1M	$145.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2513	+0.068%	$16.9M	$47.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2520	+0.330%	$5.7M	$42.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2512	+0.012%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2511	−0.028%	$22.4M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2512	+0.012%	$4.4M	$16.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2521	+0.370%	$7.6M	$15.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2513	+0.052%	—	$27.1M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2509	−0.104%	$75K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2473	−1.540%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−1.526%	$274K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2484	−1.103%	$45K	$635K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2513	+0.052%	$6K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2506	−0.227%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2509	−0.127%	$572	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2504	−0.307%	$156K	$948K	75x
Extended WIF-USD	+0.0104%	1h	0.2511	−0.035%	$12K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2512	+0.022%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2520	+0.330%	$336K	$3.3M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2514	+0.094%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0808%	1h	0.2510	−0.050%	$653K	$2.7M	50x	as long as short