WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0386%/8h= +42.3% APRnext payment +$0.48 per $10,000 · paid last 24h −0.038%

Price spread now: Kraken Futures against Hyperliquid+0.120%50s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.927% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.120%, 7d avg +0.029%

Together, before fees−0.037%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.091% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.218% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05802	0.0100	pay 0.0013% / 1h	57m 26s	$10.6M	$938K	5x
Short	Kraken Futures PF_WLFIUSD	0.05809	0.0486	get 0.0061% / 1h	57m 26s	$97K	$130K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.120%Rate

Funding earned: $81.05
Price spread: +0.120% → +0.029%: $9.11
Slippage, 4 orders: −$73.74
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2.58
Costs to cover: 0.927%
Break-even: 7.2 days

Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: live order book, 52 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	0.35 bp	9.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	13.99 bp	39.6 bp −$40	272.1 bp −$2,721	doesn't fit	doesn't fit

WLFI on 32 exchanges

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
Coinbase International WLFI-PERP-INTX	−0.0384%	1h	0.05732	−1.208%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	−0.0259%	1h	0.05801	−0.013%	$6K	$10K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.195%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05802	+0.005%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.484%	$6K	$77K	5.5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0094%	1h	0.05808	+0.102%	$527	$11K	10x	as long as short
Lighter WLFI	+0.0096%	1h	0.05802	−0.002%	$1.1M	$449K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05804	+0.030%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05808	+0.097%	$90K	$27K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05802	long leg	$10.6M	$938K	5x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0100%	4h	0.05805	+0.050%	$1.6M	$548K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05806	+0.071%	$248K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05810	+0.136%	$140.0M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05803	+0.016%	$21.5M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05806	+0.067%	$7.7M	$13.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05809	+0.122%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05802	−0.002%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05808	+0.102%	$12.8M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05805	+0.050%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05802	−0.002%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05804	+0.033%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	−0.361%	$451K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05804	+0.030%	$290K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.036%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05810	+0.136%	$38K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05806	+0.067%	$104	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05806	+0.060%	$175K	$1.0M	10x	as long as short
01 Exchange WLFIUSD	+0.0256%	1h	0.05809	+0.119%	$4K	$335	3x	as long as short
Backpack WLFI_USDC_PERP	+0.0267%	1h	0.05807	+0.084%	$233K	$34K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05804	+0.031%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05800	−0.036%	$4.9M	$95K	75x	as long as short
Kraken Futures PF_WLFIUSDshort	+0.0486%	1h	0.05809	+0.120%	$97K	$130K	20x