Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against Bitget−0.009%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.009%, 7d avg +0.023%

Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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 0.031% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLFIUSDT	0.05769	0.0100	pay 0.0050% / 4h	2h 32m	$7.9M	$3.5M	75x
Short	Hyperliquid WLFI	0.05769	0.0100	get 0.0013% / 1h	32m 16s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.023%: −$3.12
Slippage, 4 orders: −$25.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.89
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Bitget live order book, 1 min ago	2.60 bp	12.8 bp −$13	25.0 bp −$250	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.21 bp	8.8 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	−0.0144%	1h	0.05737	−0.555%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.797%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05770	+0.009%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.919%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0042%	1h	0.05774	+0.079%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05763	−0.104%	$1.0M	$456K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05775	+0.104%	$524	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05771	+0.037%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05772	+0.043%	$82K	$23K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05769	−0.009%	$10.5M	$1.3M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0100%	4h	0.05768	−0.025%	$1.6M	$587K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05772	+0.050%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	−0.001%	$139.1M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05767	−0.035%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05767	−0.035%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	+0.097%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	+0.035%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05772	+0.052%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05770	+0.017%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDTlong	+0.0100%	4h	0.05769	long leg	$7.9M	$3.5M	75x
BingX WLFI-USDC	+0.0100%	4h	0.05776	+0.121%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05774	+0.087%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	+0.201%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05781	+0.204%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	+0.364%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.191%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	+0.017%	$86	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05766	−0.044%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0184%	1h	0.05777	+0.139%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05773	+0.064%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05775	+0.104%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05772	+0.051%	$97K	$90K	20x	as long as short