Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.047%

Price spread now: Hyperliquid against BloFin−0.016%67s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.435% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now −0.016%, 7d avg −0.082%

Together, before fees−0.328%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.066% dearer against BloFin than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.082%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.123% in total) that is about 3.8 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05804	0.0340	pay 0.0170% / 4h	3h 11m	$4.9M	$88K	75x
Short	Hyperliquid WLFI	0.05803	0.0100	get 0.0013% / 1h	11m 54s	$10.6M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$50.4
Price spread: −0.016% → −0.082%: $6.61
Slippage, 4 orders: −$22.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$87.28
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; Hyperliquid: live order book, 11 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 BloFin live order book, 12 min ago	2.58 bp	10.0 bp −$10	20.9 bp −$209	69.5 bp −$6,950	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.60 bp	8.7 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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.165%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05802	−0.030%	$317	—	150x	as long as short
dYdX WLFI-USD	+0.0011%	1h	0.05799	−0.089%	$11K	$970	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.516%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−1.154%	$32K	$15K	50x	as long as short
Lighter WLFI	+0.0064%	1h	0.05799	−0.086%	$1.0M	$451K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0097%	8h	0.05801	−0.054%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05803	−0.013%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05803	−0.016%	$10.6M	$1.3M	5x
Aster WLFIUSDT	+0.0100%	4h	0.05801	−0.055%	$1.6M	$579K	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	0.05802	−0.029%	$248K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05808	+0.066%	$140.0M	$42.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05802	−0.034%	$21.0M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05802	−0.034%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05805	+0.010%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05805	+0.017%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05807	+0.052%	$13.5M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05804	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05802	−0.034%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05800	−0.069%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05806	+0.034%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05795	−0.147%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05798	−0.107%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.069%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.103%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05805	+0.017%	$106	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05801	−0.055%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0152%	1h	0.05808	+0.069%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0267%	1h	0.05808	+0.069%	$527	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05803	−0.010%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05808	+0.072%	$98K	$91K	20x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05804	long leg	$4.9M	$88K	75x