Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: KuCoin against Hyperliquid+0.043%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.043%, 7d avg +0.017%

Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: KuCoin is 0.026% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05763	0.0100	pay 0.0013% / 1h	12m 36s	$10.5M	$1.3M	5x
Short	KuCoin WLFIUSDTM	0.05766	0.0100	get 0.0050% / 4h	3h 12m	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.017%: $2.6
Slippage, 4 orders: −$47.05
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.44
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; KuCoin: 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, 10 min ago	0.09 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.61 bp	29.0 bp −$29	102.7 bp −$1,027	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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05764	+0.006%	$73K	$49K	20x	as long as short
Lighter WLFI	−0.0008%	1h	0.05759	−0.078%	$994K	$400K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05760	−0.069%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.891%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05766	+0.043%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05762	−0.021%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.824%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0079%	4h	0.05761	−0.039%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0090%	8h	0.05763	−0.017%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	−0.026%	$80K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIlong	+0.0100%	1h	0.05763	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05764	+0.007%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05767	+0.054%	$138.2M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05760	−0.061%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05763	−0.009%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05768	+0.076%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05765	+0.026%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05766	+0.043%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05766	+0.043%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05761	−0.043%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05761	−0.043%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	−0.009%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.206%	$442K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05753	−0.179%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.061%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.113%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	+0.026%	$115	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	−0.023%	$133K	$506K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05766	+0.043%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.460%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	+0.005%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05769	+0.095%	$4.7M	$79K	75x	as long as short