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 −0.012%

Price spread now: Hyperliquid against Bybit+0.052%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.052%, 7d avg +0.010%

Together, before fees+0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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 0.042% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLFIUSDT	0.05730	0.0100	pay 0.0050% / 4h	26m 39s	$20.9M	$17.5M	75x
Short	Hyperliquid WLFI	0.05733	0.0100	get 0.0013% / 1h	26m 39s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.010%: $4.23
Slippage, 4 orders: −$19.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$35.04
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.87 bp	8.1 bp −$8	34.5 bp −$345	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.61 bp	9.6 bp −$10	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	−0.0434%	1h	0.05737	+0.122%	$73K	$57K	20x	as long as short
Aster WLFIUSDT	−0.0084%	4h	0.05734	+0.077%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05737	+0.122%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.504%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05737	+0.122%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05736	+0.113%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.244%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0075%	8h	0.05736	+0.108%	$2K	$108	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05729	−0.017%	$963K	$388K	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05732	+0.035%	$79K	$26K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIshort	+0.0100%	1h	0.05733	+0.052%	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05733	+0.052%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05737	+0.117%	$137.4M	$39.6M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05730	long leg	$20.9M	$17.5M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05730	0.000%	$7.5M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05737	+0.119%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05734	+0.070%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05738	+0.140%	$14.9M	$21.2M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05736	+0.105%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05732	+0.035%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05733	+0.052%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.087%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05741	+0.189%	$445K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05741	+0.197%	$275K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.175%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.175%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05736	+0.105%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05728	−0.027%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05737	+0.122%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	+0.072%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05732	+0.035%	$4.5M	$74K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.122%	$32K	$16K	50x	as long as short