WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.005%

Price spread now: Deribit against Hyperliquid−0.209%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.209% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	Hyperliquid WLFI	0.05731	0.0100	pay 0.0013% / 1h	53m 30s	$10.4M	$1.3M	5x
Short	Deribit WLFI_USDC-PERPETUAL	0.05719	0	get 0.0000% / 1h	53m 30s	$519	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$21
Price spread: −0.209% → 0.000%: −$20.94
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$57.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.

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	1.22 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0331%	1h	0.05725	−0.113%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0192%	1h	0.05722	−0.157%	$990K	$402K	5x	as long as short
ApeX Omni WLFIUSDT	−0.0056%	1h	0.05730	−0.017%	$33K	$41K	50x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.105%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	−0.051%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.488%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUALshort	0.0000%	1h	0.05719	−0.209%	$519	$11K	10x
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05733	+0.031%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0016%	1h	0.05733	+0.035%	$4K	$319	3x	as long as short
Backpack WLFI_USDC_PERP	+0.0023%	1h	0.05721	−0.174%	$238K	$27K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0027%	4h	0.05730	−0.017%	$1.6M	$589K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.262%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0073%	8h	0.05722	−0.154%	$2K	$118	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05731	long leg	$10.4M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05725	−0.101%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.057%	$137.3M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05730	−0.017%	$20.9M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05731	0.000%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	+0.056%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05732	+0.017%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05732	+0.017%	$15.1M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05729	−0.035%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05727	−0.070%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05730	−0.017%	—	$7.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05712	−0.338%	$442K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	−0.192%	$275K	$1.8M	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05726	−0.096%	$79K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.192%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05723	−0.140%	$126	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05726	−0.084%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	+0.052%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05719	−0.209%	$4.7M	$78K	75x	as long as short