Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against KuCoin−0.112%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on KuCoin 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+0.140%+$14 · spread now −0.112%, 7d avg −0.019%

Together, before fees+0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 0.093% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05737	0.0100	pay 0.0050% / 4h	1h 29m	$3.3M	$1.1M	75x
Short	Hyperliquid WLFI	0.05731	0.0100	get 0.0013% / 1h	29m 32s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.019%: −$9.29
Slippage, 4 orders: −$56.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$86.5
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 3 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 KuCoin live order book, 8 min ago	4.36 bp	26.3 bp −$26	96.9 bp −$969	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.96 bp	11.2 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	−0.0200%	1h	0.05737	0.000%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05740	+0.061%	$99K	$88K	20x	as long as short
Lighter WLFI	−0.0040%	1h	0.05727	−0.174%	$1.0M	$429K	5x	as long as short
Aster WLFIUSDT	−0.0013%	4h	0.05733	−0.069%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05739	+0.031%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.380%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05736	−0.017%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05734	−0.045%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.366%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05732	−0.093%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05731	−0.096%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05731	−0.112%	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05732	−0.094%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05740	+0.045%	$138.1M	$40.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05733	−0.070%	$20.9M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05730	−0.122%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05740	+0.051%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05733	−0.070%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05739	+0.035%	$13.8M	$21.7M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05737	long leg	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05733	−0.070%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05734	−0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05733	−0.070%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05731	−0.099%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.052%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.052%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05736	−0.017%	$111	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05729	−0.142%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05735	−0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	−0.054%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05747	+0.174%	$4.8M	$81K	75x	as long as short