Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Hyperliquid against GRVT+0.062%105s7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as 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−$650.647% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.062%, 7d avg −0.094%

Together, before fees−0.232%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$23 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 0.157% dearer against GRVT than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.094%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLFI_USDT_Perp	0.05742	0.0100	pay 0.0050% / 4h	31m 45s	$275K	$1.9M	10x
Short	Hyperliquid WLFI	0.05745	0.0100	get 0.0013% / 1h	31m 45s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GRVT. 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 GRVTbpFee HyperliquidbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → −0.094%: $15.66
Slippage, 4 orders: −$46.69
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.03
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 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 GRVT live order book, 2 min ago	8.69 bp	15.5 bp −$16	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.65 bp	9.1 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
Kraken Futures PF_WLFIUSD	−0.0434%	1h	0.05747	+0.087%	$73K	$57K	20x	as long as short
Aster WLFIUSDT	−0.0099%	4h	0.05747	+0.093%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05747	+0.085%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.283%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05750	+0.142%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.452%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0072%	8h	0.05750	+0.132%	$2K	$108	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05742	+0.001%	$965K	$388K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05754	+0.210%	$522	$11K	10x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05746	+0.071%	$7.5M	$12.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05749	+0.114%	$79K	$26K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05745	+0.062%	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05746	+0.078%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05749	+0.123%	$137.7M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05748	+0.106%	$21.0M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05751	+0.161%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05747	+0.088%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05750	+0.141%	$15.0M	$21.2M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05752	+0.175%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05750	+0.141%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05749	+0.123%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05748	+0.106%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05738	−0.071%	$444K	$31K	—	as long as short
GRVT WLFI_USDT_Perplong	+0.0100%	4h	0.05742	long leg	$275K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.208%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.141%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05750	+0.141%	$120	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05745	+0.045%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05753	+0.193%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05752	+0.182%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05758	+0.280%	$4.7M	$74K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.086%	$32K	$16K	50x	as long as short