Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: SunX against Hyperliquid+0.080%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2202.202% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.080%, 7d avg +0.149%

Together, before fees+0.190%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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: SunX is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05745	0.0100	pay 0.0013% / 1h	35m 19s	$10.5M	$1.3M	5x
Short	SunX WLFI-USDT	0.05750	0.0100	get 0.0050% / 4h	3h 35m	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.149%: −$6.85
Slippage, 4 orders: −$203.23
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$227.08
Costs to cover: 2.202%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; SunX: live order book, 10 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, 7 min ago	0.17 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	34.72 bp	107.1 bp −$107	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	−0.0110%	1h	0.05741	−0.072%	$73K	$49K	20x	as long as short
Lighter WLFI	−0.0032%	1h	0.05743	−0.042%	$986K	$394K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05753	+0.125%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.221%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05745	−0.007%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05743	−0.035%	$314	—	150x	as long as short
Aster WLFIUSDT	+0.0025%	4h	0.05752	+0.118%	$1.6M	$586K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.512%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0087%	8h	0.05750	+0.080%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05748	+0.045%	$80K	$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 WLFIlong	+0.0100%	1h	0.05745	long leg	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05748	+0.044%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05748	+0.052%	$137.7M	$39.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05745	−0.007%	$21.1M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05738	−0.129%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05752	+0.120%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05745	−0.007%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.063%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05750	+0.080%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05737	−0.146%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05751	+0.097%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05753	+0.132%	$239K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05749	+0.056%	$445K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.081%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.254%	$33K	$42K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05750	+0.080%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05743	−0.042%	$106	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05738	−0.123%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05749	+0.063%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.146%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05743	−0.047%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.324%	$4.7M	$77K	75x	as long as short