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: GRVT against Hyperliquid−0.061%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Hyperliquid Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.563%+$56 · spread now −0.061%, 7d avg +0.094%

Together, before fees+0.570%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$57 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: GRVT is 0.155% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05749	0.0100	pay 0.0013% / 1h	31m 18s	$10.5M	$1.3M	5x
Short	GRVT WLFI_USDT_Perp	0.05746	0.0100	get 0.0050% / 4h	2h 31m	$279K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.094%: −$15.5
Slippage, 4 orders: −$50.85
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$84.35
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; GRVT: live order book, 2 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	0.87 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	8.70 bp	17.4 bp −$17	106.7 bp −$1,067	doesn't fit	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	−0.0329%	1h	0.05753	+0.060%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0120%	1h	0.05746	−0.056%	$997K	$406K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.212%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05752	+0.049%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.156%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05751	+0.031%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.577%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0041%	4h	0.05751	+0.031%	$1.6M	$589K	20x	as long as short
01 Exchange WLFIUSD	+0.0064%	1h	0.05754	+0.083%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0076%	8h	0.05748	−0.020%	$2K	$118	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05744	−0.082%	$79K	$23K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05749	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05750	+0.014%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05758	+0.161%	$138.1M	$39.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05751	+0.031%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05746	−0.056%	$7.7M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05755	+0.108%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05750	+0.014%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05755	+0.101%	$14.9M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05752	+0.049%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05751	+0.031%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05750	+0.014%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05754	+0.083%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05742	−0.123%	$445K	$37K	—	as long as short
GRVT WLFI_USDT_Perpshort	+0.0100%	4h	0.05746	−0.061%	$279K	$1.9M	10x
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.160%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.188%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05753	+0.066%	$121	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05748	−0.014%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05753	+0.059%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0272%	1h	0.05755	+0.101%	$522	$11K	10x	as long as short