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: MEXC against Hyperliquid+0.080%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Hyperliquid Short on MEXC

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−0.033%−$3 · spread now +0.080%, 7d avg +0.074%

Together, before fees−0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05751	0.0100	pay 0.0013% / 1h	28m 30s	$10.5M	$1.3M	5x
Short	MEXC WLFI_USDT	0.05756	0.0100	get 0.0050% / 4h	2h 28m	$14.9M	$21.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.074%: $0.57
Slippage, 4 orders: −$11.8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.23
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; MEXC: 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, 4 min ago	0.87 bp	11.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.87 bp	0.9 bp −$1	5.9 bp −$59	34.1 bp −$3,411	109.7 bp −$54.8K

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	0.05756	+0.077%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0096%	1h	0.05748	−0.059%	$998K	$407K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.250%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05752	+0.011%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.116%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05754	+0.038%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.616%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0043%	4h	0.05752	+0.012%	$1.6M	$590K	20x	as long as short
01 Exchange WLFIUSD	+0.0072%	1h	0.05757	+0.097%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0077%	8h	0.05751	−0.005%	$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
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05757	+0.097%	$523	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05750	−0.024%	$80K	$23K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05751	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05752	+0.016%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05757	+0.102%	$138.0M	$39.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05751	−0.007%	$21.0M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05752	+0.010%	$7.7M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05760	+0.148%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05754	+0.045%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05756	+0.080%	$14.9M	$21.7M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05754	+0.045%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05752	+0.010%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05750	−0.024%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05754	+0.045%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05742	−0.162%	$445K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05746	−0.099%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.024%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.150%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05756	+0.080%	$121	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05750	−0.025%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	+0.042%	$3K	—	100x	as long as short