Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.013%

Price spread now: Binance against Hyperliquid+0.123%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Hyperliquid Short on Binance

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−0.071%−$7 · spread now +0.123%, 7d avg +0.075%

Together, before fees−0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.048% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05708	0.0017	pay 0.0002% / 1h	51m 34s	$10.5M	$1.2M	5x
Short	Binance WLFIUSDT	0.05715	0.0100	get 0.0050% / 4h	1h 51m	$136.7M	$38.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: $17.53
Price spread: +0.123% → +0.075%: $4.76
Slippage, 4 orders: −$13.66
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.37
Costs to cover: 0.327%
Break-even: 11.1 days

Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 6 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, 11 min ago	0.79 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.88 bp	7.8 bp −$8	22.2 bp −$222	90.8 bp −$9,078	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	−0.0705%	1h	0.05714	+0.104%	$73K	$70K	20x	as long as short
Aster WLFIUSDT	−0.0273%	4h	0.05713	+0.088%	$1.6M	$567K	20x	as long as short
Lighter WLFI	−0.0272%	1h	0.05707	−0.018%	$943K	$372K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05719	+0.185%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.914%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05714	+0.105%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05715	+0.124%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0016%	1h	0.05715	+0.123%	$4K	$319	3x	as long as short
Hyperliquid WLFIlong	+0.0017%	1h	0.05708	long leg	$10.5M	$1.2M	5x
Paradex WLFI-USD-PERP	+0.0024%	8h	0.05713	+0.081%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLFI-USDT-SWAP	+0.0028%	4h	0.05711	+0.053%	$7.5M	$12.4M	50x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	+0.140%	$6K	$77K	5.5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05711	+0.044%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05711	+0.060%	$243K	$10K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05715	+0.123%	$136.7M	$38.7M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05708	0.000%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	+0.145%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05714	+0.105%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05711	+0.053%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05715	+0.123%	$3.3M	$1.0M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05711	+0.053%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05712	+0.070%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05713	+0.088%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05708	0.000%	$441K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05717	+0.157%	$273K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	+0.210%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.210%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05714	+0.105%	$116	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05707	−0.014%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05714	+0.102%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05717	+0.158%	$4.7M	$74K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.508%	$32K	$16K	50x	as long as short