Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Hyperliquid against Variational Omni+0.159%7-day average +0.009% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.159%, 7d avg +0.009%

Together, before fees−0.225%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$22 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 0.150% dearer against Variational Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLFI	0.05719	0.0100	pay 0.0050% / 4h	2h 20m	$442K	$30K	—
Short	Hyperliquid WLFI	0.05728	0.0100	get 0.0013% / 1h	20m 36s	$10.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.009%: $15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $6
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	4.37 bp	doesn't fit	34.1 bp −$341	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	0.26 bp	8.3 bp −$8	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	−0.0589%	1h	0.05732	+0.226%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0221%	4h	0.05730	+0.184%	$1.6M	$567K	20x	as long as short
Lighter WLFI	−0.0160%	1h	0.05727	+0.135%	$943K	$369K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0099%	1h	0.05733	+0.240%	$10K	$624	10x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.047%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05729	+0.177%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.702%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05730	+0.194%	$313	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0009%	4h	0.05726	+0.117%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0052%	8h	0.05730	+0.182%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0072%	1h	0.05732	+0.222%	$4K	$319	3x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05719	long leg	$442K	$30K	—
Nado WLFI-PERP	+0.0100%	1h	0.05729	+0.178%	$79K	$27K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05728	+0.159%	$10.5M	$1.2M	5x
Pacifica WLFI	+0.0100%	1h	0.05729	+0.177%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05733	+0.240%	$137.1M	$38.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05727	+0.135%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05734	+0.252%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05729	+0.170%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05732	+0.222%	$14.9M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05734	+0.257%	$3.3M	$963K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05731	+0.205%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05730	+0.187%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.275%	$239K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	+0.187%	$274K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.187%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.362%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05732	+0.222%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05727	+0.140%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.309%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05734	+0.257%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05733	+0.243%	$14K	—	100x	as long as short