Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Hyperliquid against OKX+0.009%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.009%, 7d avg +0.025%

Together, before fees+0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLFI-USDT-SWAP	0.05723	0.0100	pay 0.0050% / 4h	7m 24s	$7.5M	$12.8M	50x
Short	Hyperliquid WLFI	0.05724	0.0100	get 0.0013% / 1h	7m 24s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.025%: −$1.64
Slippage, 4 orders: −$19.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$40.57
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Hyperliquid: 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 OKX live order book, 1 min ago	0.87 bp	7.3 bp −$7	18.8 bp −$188	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.79 bp	9.3 bp −$9	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	−0.0435%	1h	0.05729	+0.104%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0064%	4h	0.05727	+0.077%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05728	+0.088%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.632%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05726	+0.060%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.122%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0064%	1h	0.05720	−0.052%	$965K	$394K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0077%	8h	0.05729	+0.109%	$2K	$108	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05729	+0.105%	$520	$11K	10x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05724	+0.009%	$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	0.05725	+0.033%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05727	+0.076%	$137.2M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05721	−0.035%	$20.8M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAPlong	+0.0100%	4h	0.05723	long leg	$7.5M	$12.8M	50x
Arcus WLFI-USD	+0.0100%	1h	0.05729	+0.096%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05724	+0.017%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05727	+0.070%	$14.5M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05727	+0.070%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05723	0.000%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05724	+0.017%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05726	+0.052%	$238K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05713	−0.180%	$443K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05728	+0.091%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.122%	$33K	$42K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05724	+0.026%	$79K	$26K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.122%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05728	+0.087%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05721	−0.028%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05726	+0.052%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05724	+0.017%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05723	0.000%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.245%	$32K	$16K	50x	as long as short