Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Nado against Hyperliquid+0.120%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.120% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05768	0.0100	pay 0.0013% / 1h	2m 58s	$10.5M	$1.3M	5x
Short	Nado WLFI-PERP	0.05775	0.0100	get 0.0012% / 1h	2m 58s	$82K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → 0.000%: $12.03
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Nado: no order-book sample. Net counts fees only.

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	1.22 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.543%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0032%	4h	0.05765	−0.055%	$1.6M	$575K	20x	as long as short
Lighter WLFI	−0.0016%	1h	0.05770	+0.029%	$1.0M	$445K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.810%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05774	+0.090%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.907%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0090%	8h	0.05772	+0.066%	$2K	$118	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.291%	$449K	$40K	—	as long as short
Nado WLFI-PERPshort	+0.0100%	1h	0.05775	+0.120%	$82K	$24K	5x
Hyperliquid WLFIlong	+0.0100%	1h	0.05768	long leg	$10.5M	$1.3M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05774	+0.107%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05777	+0.151%	$139.2M	$41.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05767	−0.023%	$21.2M	$18.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05766	−0.040%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05778	+0.165%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	+0.047%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05778	+0.168%	$13.4M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05774	+0.099%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05764	−0.075%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05772	+0.064%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05770	+0.029%	$240K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05758	−0.179%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.491%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.203%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05777	+0.151%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05770	+0.036%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0144%	1h	0.05780	+0.203%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0147%	1h	0.05780	+0.201%	$100K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05774	+0.106%	$3K	—	100x	as long as short
dYdX WLFI-USD	+0.0295%	1h	0.05769	+0.010%	$11K	$970	5x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05782	+0.238%	$4.8M	$87K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05782	+0.238%	$525	$11K	10x	as long as short