Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.013%

Price spread now: Hyperliquid against MEXC−0.031%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on MEXC Short on Hyperliquid

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−0.023%−$2 · spread now −0.031%, 7d avg −0.074%

Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.042% dearer against MEXC than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.074%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.027% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLFI_USDT	0.05723	0.0100	pay 0.0050% / 4h	1h 43m	$14.8M	$21.1M	100x
Short	Hyperliquid WLFI	0.05721	0.0012	get 0.0002% / 1h	43m 12s	$10.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$18.45
Price spread: −0.031% → −0.074%: $4.24
Slippage, 4 orders: −$12.42
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$35.62
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Hyperliquid: live order book, 9 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 MEXC live order book, just now	0.87 bp	0.9 bp −$1	5.9 bp −$59	37.1 bp −$3,709	112.3 bp −$56.2K
Sell Hyperliquid live order book, 9 min ago	0.79 bp	7.7 bp −$8	doesn't fit	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	−0.0704%	1h	0.05724	+0.018%	$73K	$70K	20x	as long as short
Lighter WLFI	−0.0376%	1h	0.05717	−0.105%	$947K	$374K	5x	as long as short
Aster WLFIUSDT	−0.0294%	4h	0.05726	+0.058%	$1.6M	$568K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0099%	1h	0.05724	+0.017%	$10K	$624	10x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05729	+0.101%	$11K	$970	5x	as long as short
01 Exchange WLFIUSD	0.0000%	1h	0.05724	+0.017%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.636%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05723	+0.005%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0008%	8h	0.05725	+0.034%	$2K	$108	5x	as long as short
OKX WLFI-USDT-SWAP	+0.0011%	4h	0.05719	−0.070%	$7.5M	$12.5M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIshort	+0.0012%	1h	0.05721	−0.031%	$10.5M	$1.2M	5x
ApeX Omni WLFIUSDT	+0.0042%	1h	0.05710	−0.227%	$33K	$41K	50x	as long as short
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.122%	$6K	$77K	5.5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	−0.017%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05722	−0.023%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05724	+0.017%	$136.9M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05717	−0.105%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05726	+0.054%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05722	−0.017%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05723	long leg	$14.8M	$21.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05729	+0.105%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05720	−0.052%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05723	0.000%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05726	+0.052%	$238K	$30K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	−0.141%	$442K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	−0.052%	$276K	$1.9M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05723	0.000%	$117	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05719	−0.063%	$132K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05724	+0.010%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05728	+0.087%	$4.7M	$76K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	+0.245%	$32K	$16K	50x	as long as short