Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Hyperliquid−0.061%7-day average −0.012% · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.061%, 7d avg −0.012%

Together, before fees+0.125%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$12 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: Variational Omni is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05739	0.0100	pay 0.0013% / 1h	31m 04s	$10.5M	$1.3M	5x
Short	Variational Omni WLFI	0.05735	0.0100	get 0.0050% / 4h	31m 04s	$448K	$40K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.012%: −$4.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.87
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 28 min ago. 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, 11 min ago	0.09 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 28 min ago	4.37 bp	doesn't fit	20.1 bp −$201	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
Lighter WLFI	−0.0064%	1h	0.05735	−0.070%	$1.0M	$439K	5x	as long as short
Aster WLFIUSDT	−0.0051%	4h	0.05740	+0.023%	$1.6M	$574K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.035%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05724	−0.253%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.343%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05739	+0.001%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.401%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0083%	8h	0.05740	+0.014%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05744	+0.087%	$521	$11K	10x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05739	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	0.05740	+0.023%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05743	+0.070%	$138.3M	$40.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05738	−0.017%	$20.9M	$18.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05740	+0.017%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05742	+0.047%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05740	+0.017%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05742	+0.052%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05737	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05740	+0.017%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05738	−0.017%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05744	+0.087%	$239K	$26K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05735	−0.061%	$448K	$40K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05715	−0.411%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.331%	$33K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05741	+0.032%	$81K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.192%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05742	+0.052%	$106	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05738	−0.018%	$134K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05743	+0.070%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05743	+0.072%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05742	+0.047%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05745	+0.105%	$4.8M	$86K	75x	as long as short