Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against Binance−0.023%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.023%, 7d avg −0.078%

Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 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 0.054% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLFIUSDT	0.05761	0.0100	pay 0.0050% / 4h	1h 43m	$139.0M	$42.9M	75x
Short	Hyperliquid WLFI	0.05759	0.0100	get 0.0013% / 1h	43m 21s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.078%: $5.44
Slippage, 4 orders: −$20.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$34.45
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 9 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 Binance live order book, 15 min ago	0.86 bp	9.5 bp −$10	19.9 bp −$199	97.1 bp −$9,708	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.61 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	−0.0312%	1h	0.05737	−0.410%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.943%	—	—	—	as long as short
dYdX WLFI-USD	+0.0005%	1h	0.05768	+0.120%	$11K	$943	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05762	+0.031%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.775%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05754	−0.115%	$1.0M	$459K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05759	−0.034%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05763	+0.050%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05759	−0.023%	$10.5M	$1.3M	5x
Aster WLFIUSDT	+0.0100%	4h	0.05758	−0.052%	$1.6M	$535K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05760	−0.004%	$246K	$14K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05761	long leg	$139.0M	$42.9M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05751	−0.167%	$20.9M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05756	−0.080%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05764	+0.055%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05761	+0.006%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05765	+0.076%	$13.7M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05765	+0.076%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05754	−0.115%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05763	+0.041%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05764	+0.058%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05753	−0.124%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	+0.163%	$274K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.011%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.163%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05759	−0.028%	$83	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05756	−0.085%	$173K	$737K	10x	as long as short
01 Exchange WLFIUSD	+0.0296%	1h	0.05766	+0.093%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05763	+0.038%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0307%	1h	0.05762	+0.022%	$97K	$90K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05770	+0.163%	$4.8M	$85K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0444%	1h	0.05765	+0.076%	$523	$11K	10x	as long as short