Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Paradex−0.014%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex WLFI-USD-PERP	0.05763	0.0091	pay 0.0091% / 8h	4h 00m	$2K	$118	5x
Short	Hyperliquid WLFI	0.05763	0.0100	get 0.0013% / 1h	0m 37s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Paradex. 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 ParadexbpFee HyperliquidbpOrdersPrice spread, now −0.014%Rate

Funding earned: $1.89
Price spread: −0.014% → 0.000%: −$1.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.55
Costs to cover: 0.130%
Break-even: 53.4 days

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 2 min ago	1.22 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.457%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0021%	4h	0.05765	+0.036%	$1.6M	$576K	20x	as long as short
Lighter WLFI	−0.0008%	1h	0.05760	−0.058%	$1.0M	$445K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.900%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05763	+0.002%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.821%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERPlong	+0.0091%	8h	0.05763	long leg	$2K	$118	5x
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05767	+0.064%	$523	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05762	−0.019%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05763	−0.014%	$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	0.05764	+0.012%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	+0.095%	$139.0M	$41.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05761	−0.040%	$21.2M	$18.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05763	−0.006%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05766	+0.053%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05764	+0.012%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05767	+0.064%	$13.4M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05765	+0.029%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05762	−0.023%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05765	+0.029%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05766	+0.046%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05759	−0.075%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05774	+0.183%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.116%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.116%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05766	+0.046%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	−0.025%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0144%	1h	0.05769	+0.098%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05768	+0.084%	$100K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	−0.006%	$3K	—	100x	as long as short
dYdX WLFI-USD	+0.0280%	1h	0.05764	+0.010%	$11K	$970	5x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05771	+0.133%	$4.8M	$87K	75x	as long as short