Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Bitget against Hyperliquid−0.035%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.035%, 7d avg −0.025%

Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05746	0.0100	pay 0.0013% / 1h	44m 33s	$10.5M	$1.3M	5x
Short	Bitget WLFIUSDT	0.05744	0.0100	get 0.0050% / 4h	3h 44m	$8.0M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.025%: −$1.02
Slippage, 4 orders: −$25.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.48
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 4 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, 8 min ago	1.57 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.75 bp	13.7 bp −$14	28.4 bp −$284	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
Lighter WLFI	−0.0144%	1h	0.05742	−0.070%	$983K	$392K	5x	as long as short
Kraken Futures PF_WLFIUSD	−0.0110%	1h	0.05744	−0.039%	$73K	$49K	20x	as long as short
Aster WLFIUSDT	−0.0024%	4h	0.05743	−0.058%	$1.6M	$586K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05735	−0.199%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.209%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05746	0.000%	$522	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05741	−0.088%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.522%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0084%	8h	0.05750	+0.074%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	−0.096%	$79K	$26K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIlong	+0.0100%	1h	0.05746	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05747	+0.016%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05750	+0.070%	$137.7M	$39.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05743	−0.052%	$21.0M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05744	−0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05751	+0.087%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05746	0.000%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05750	+0.070%	$14.4M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05746	0.000%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05744	−0.035%	$8.0M	$3.1M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05744	−0.035%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05746	0.000%	$239K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05737	−0.163%	$444K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	−0.278%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.278%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.070%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05744	−0.035%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05744	−0.030%	$136K	$610K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05746	0.000%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.157%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05743	−0.054%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05741	−0.087%	$4.7M	$77K	75x	as long as short