Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against BingX+0.035%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on BingX 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+0.014%+$1 · spread now +0.035%, 7d avg +0.028%

Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDC	0.05771	0.0100	pay 0.0050% / 4h	1h 29m	—	$2.3M	—
Short	Hyperliquid WLFI	0.05773	0.0100	get 0.0013% / 1h	29m 09s	$10.6M	$937K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.028%: $0.69
Slippage, 4 orders: −$41.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$59.88
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 6 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 BingX live order book, 11 min ago	3.46 bp	18.2 bp −$18	79.5 bp −$795	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.30 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit

WLFI on 32 exchanges

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
01 Exchange WLFIUSD	−0.0624%	1h	0.05773	+0.035%	$4K	$335	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0384%	1h	0.05732	−0.676%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	−0.0203%	1h	0.05770	−0.021%	$6K	$11K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.756%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	−0.031%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.953%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	−0.052%	$1.1M	$451K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05772	+0.018%	$2K	$10	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05774	+0.058%	$90K	$28K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05773	+0.035%	$10.6M	$937K	5x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLFIUSDT	+0.0100%	4h	0.05774	+0.051%	$1.6M	$663K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05774	+0.057%	$247K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05779	+0.139%	$139.1M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05778	+0.121%	$21.5M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05776	+0.087%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05777	+0.106%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05772	+0.017%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05778	+0.121%	$12.8M	$20.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05777	+0.104%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05777	+0.104%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDClong	+0.0100%	4h	0.05771	long leg	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05776	+0.087%	$234K	$35K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05766	−0.084%	$450K	$29K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−0.011%	$283K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.017%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.156%	$38K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05776	+0.087%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05773	+0.031%	$173K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05778	+0.121%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05773	+0.042%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05779	+0.139%	$4.9M	$95K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0489%	1h	0.05777	+0.098%	$97K	$131K	20x	as long as short