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: MEXC against Hyperliquid+0.119%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Hyperliquid Short on MEXC

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−0.064%−$6 · spread now +0.119%, 7d avg +0.076%

Together, before fees−0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: MEXC is 0.043% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05802	0.0100	pay 0.0013% / 1h	57m 13s	$10.6M	$938K	5x
Short	MEXC WLFI_USDT	0.05809	0.0100	get 0.0050% / 4h	1h 57m	$12.8M	$20.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.076%: $4.34
Slippage, 4 orders: −$11.36
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.03
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 4 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 Hyperliquid live order book, 8 min ago	0.35 bp	9.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.86 bp	0.9 bp −$1	4.3 bp −$43	53.7 bp −$5,365	121.6 bp −$60.8K

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
Coinbase International WLFI-PERP-INTX	−0.0384%	1h	0.05732	−1.208%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	−0.0259%	1h	0.05801	−0.013%	$6K	$10K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.195%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05803	+0.016%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.484%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05801	−0.019%	$1.1M	$449K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05804	+0.030%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05808	+0.097%	$90K	$27K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05802	long leg	$10.6M	$938K	5x
Aster WLFIUSDT	+0.0100%	4h	0.05805	+0.050%	$1.6M	$548K	20x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05806	+0.071%	$248K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05810	+0.136%	$140.0M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05803	+0.016%	$21.5M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05805	+0.050%	$7.7M	$13.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05809	+0.122%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05802	−0.002%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05809	+0.119%	$12.8M	$20.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05805	+0.050%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05803	+0.016%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05804	+0.033%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	−0.361%	$451K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05804	+0.030%	$290K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.036%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05820	+0.309%	$39K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05806	+0.067%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05804	+0.026%	$175K	$1.0M	10x	as long as short
01 Exchange WLFIUSD	+0.0256%	1h	0.05809	+0.119%	$4K	$335	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0267%	1h	0.05810	+0.136%	$527	$11K	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0267%	1h	0.05807	+0.084%	$233K	$34K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05804	+0.031%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05808	+0.102%	$4.9M	$95K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0486%	1h	0.05809	+0.125%	$97K	$130K	20x	as long as short