Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Gate against Hyperliquid+0.061%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.061%, 7d avg 0.000%

Together, before fees−0.111%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: Gate is 0.061% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05745	0.0100	pay 0.0013% / 1h	10m 05s	$10.5M	$1.3M	5x
Short	Gate WLFI_USDT	0.05748	0.0100	get 0.0050% / 4h	2h 10m	$3.4M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → 0.000%: $6.05
Slippage, 4 orders: −$32.56
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.51
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	1.04 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.48 bp	18.4 bp −$18	31.1 bp −$311	71.6 bp −$7,162	doesn't fit

WLFI on 31 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	−0.0330%	1h	0.05749	+0.078%	$99K	$85K	20x	as long as short
Lighter WLFI	−0.0064%	1h	0.05743	−0.026%	$1.0M	$414K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.131%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05751	+0.114%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.240%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05749	+0.072%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.496%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0048%	4h	0.05750	+0.096%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05749	+0.075%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05751	+0.113%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05751	+0.113%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05747	+0.044%	$81K	$24K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05745	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05749	+0.085%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05751	+0.122%	$138.1M	$40.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05745	+0.009%	$21.2M	$17.8M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05745	+0.009%	$7.7M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05752	+0.138%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05748	+0.061%	$3.4M	$2.9M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05750	+0.096%	$13.8M	$22.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05750	+0.096%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05748	+0.061%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05749	+0.078%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	+0.044%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05743	−0.017%	$448K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05751	+0.113%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.096%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.096%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	+0.078%	$121	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05744	−0.007%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	+0.003%	$3K	—	100x	as long as short