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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Hyperliquid against Pacifica−0.132%54s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.892% of the position

Long on Pacifica 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)+0.096%+$10 · spread now −0.132%, 7d avg −0.032%

Together, before fees+0.069%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$7 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 0.100% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLFI	0.05761	0.0100	pay 0.0013% / 1h	49m 47s	$245K	$10K	5x
Short	Hyperliquid WLFI	0.05753	0.0100	get 0.0013% / 1h	49m 47s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.032%: −$9.97
Slippage, 4 orders: −$72.24
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$99.21
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Pacifica: live order book, 28 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 Pacifica live order book, 28 min ago	17.45 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.09 bp	7.2 bp −$7	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	−0.0433%	1h	0.05759	−0.035%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0168%	4h	0.05755	−0.109%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05757	−0.069%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.937%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05760	−0.017%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05759	−0.035%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.781%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0058%	8h	0.05767	+0.102%	$2K	$108	5x	as long as short
OKX WLFI-USDT-SWAP	+0.0063%	4h	0.05752	−0.156%	$7.5M	$12.7M	50x	as long as short
Lighter WLFI	+0.0080%	1h	0.05750	−0.191%	$965K	$387K	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	0.05758	−0.043%	$79K	$30K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05753	−0.132%	$10.5M	$1.3M	5x
Pacifica WLFIlong	+0.0100%	1h	0.05761	long leg	$245K	$10K	5x
Binance WLFIUSDT	+0.0100%	4h	0.05759	−0.035%	$138.0M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05753	−0.139%	$21.1M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05766	+0.087%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05757	−0.069%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05759	−0.035%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05760	−0.017%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05755	−0.104%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05756	−0.087%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05758	−0.052%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.160%	$444K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05761	+0.001%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.191%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	−0.017%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05759	−0.035%	$125	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05754	−0.119%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05763	+0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	−0.102%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05762	+0.017%	$4.7M	$70K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.417%	$32K	$16K	50x	as long as short