Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Bybit against Hyperliquid−0.043%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.043%, 7d avg −0.011%

Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: Bybit is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05781	0.0100	pay 0.0013% / 1h	33m 22s	$10.6M	$1.3M	5x
Short	Bybit WLFIUSDT	0.05779	0.0100	get 0.0050% / 4h	3h 33m	$21.0M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.011%: −$3.21
Slippage, 4 orders: −$20.23
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.44
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bybit: live order book, 5 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, 9 min ago	0.78 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.86 bp	10.3 bp −$10	30.1 bp −$301	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
dYdX WLFI-USD	0.0000%	1h	0.05781	−0.001%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.569%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05782	+0.009%	$525	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05783	+0.025%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.133%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0039%	4h	0.05780	−0.031%	$1.6M	$577K	20x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.770%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERP	+0.0095%	8h	0.05780	−0.021%	$2K	$118	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05773	−0.147%	$1.0M	$448K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05781	long leg	$10.6M	$1.3M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05781	−0.017%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05785	+0.068%	$139.5M	$41.6M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05779	−0.043%	$21.0M	$18.9M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05781	−0.009%	$7.7M	$13.2M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05782	+0.012%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	+0.009%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05784	+0.043%	$13.7M	$20.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05781	−0.009%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05779	−0.043%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05783	+0.026%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05785	+0.061%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05788	+0.121%	$453K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	+0.147%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.026%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05779	−0.043%	$82K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.147%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05780	−0.026%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05773	−0.141%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0168%	1h	0.05784	+0.043%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0297% / S −0.1279%	1h	0.05784	+0.036%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0339%	1h	0.05795	+0.235%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05786	+0.078%	$4.8M	$88K	75x	as long as short