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 −0.010%

Price spread now: Hyperliquid against SunX−0.095%7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1981.976% of the position

Long on SunX 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 4 days (all we have)−0.275%−$27 · spread now −0.095%, 7d avg −0.149%

Together, before fees−0.302%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 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: Hyperliquid is 0.054% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WLFI-USDT	0.05760	0.0100	pay 0.0050% / 4h	4m 19s	$39K	$1.7M	20x
Short	Hyperliquid WLFI	0.05754	0.0100	get 0.0013% / 1h	4m 19s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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 SunXbpFee HyperliquidbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.149%: $5.38
Slippage, 4 orders: −$180.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$192.24
Costs to cover: 1.976%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Hyperliquid: live order book, 8 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 SunX live order book, 11 min ago	34.78 bp	81.5 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.22 bp	10.6 bp −$11	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
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.399%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0036%	4h	0.05755	−0.090%	$1.6M	$574K	20x	as long as short
Lighter WLFI	−0.0024%	1h	0.05756	−0.069%	$1.0M	$444K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.961%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05755	−0.082%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.764%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0090%	8h	0.05751	−0.163%	$2K	$118	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.148%	$449K	$40K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05752	−0.130%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05754	−0.095%	$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	0.05753	−0.122%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05757	−0.046%	$138.7M	$41.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05752	−0.139%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05755	−0.087%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05754	−0.109%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05755	−0.087%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05756	−0.069%	$13.3M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05754	−0.104%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05753	−0.122%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05754	−0.104%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05754	−0.104%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05758	−0.035%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	0.000%	$33K	$38K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05760	long leg	$39K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05756	−0.069%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05754	−0.098%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0144%	1h	0.05757	−0.052%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05761	+0.017%	$100K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	−0.089%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0271%	1h	0.05761	+0.017%	$523	$11K	10x	as long as short
dYdX WLFI-USD	+0.0284%	1h	0.05744	−0.278%	$11K	$970	5x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05760	0.000%	$4.8M	$87K	75x	as long as short