Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against KuCoin−0.083%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.693% 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+0.130%+$13 · spread now −0.083%, 7d avg −0.020%

Together, before fees+0.103%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 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 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLFIUSDTM	0.05787	0.0100	pay 0.0050% / 4h	1h 01m	$3.3M	$1.2M	75x
Short	Hyperliquid WLFI	0.05782	0.0100	get 0.0013% / 1h	1m 19s	$10.6M	$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 −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.020%: −$6.31
Slippage, 4 orders: −$48.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$75.58
Costs to cover: 0.693%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago	6.04 bp	20.3 bp −$20	91.4 bp −$914	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.69 bp	5.3 bp −$5	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	−0.0312%	1h	0.05737	−0.864%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.471%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05782	−0.082%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.227%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0057%	1h	0.05780	−0.114%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05779	−0.138%	$1.0M	$466K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05782	−0.086%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	−0.067%	$82K	$23K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05782	−0.083%	$10.6M	$1.3M	5x
Aster WLFIUSDT	+0.0100%	4h	0.05784	−0.059%	$1.6M	$535K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05783	−0.078%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05788	+0.017%	$139.7M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05779	−0.138%	$21.1M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05784	−0.052%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05786	−0.019%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05784	−0.052%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05788	+0.017%	$13.7M	$20.4M	100x	as long as short
KuCoin WLFIUSDTMlong	+0.0100%	4h	0.05787	long leg	$3.3M	$1.2M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05782	−0.086%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05784	−0.052%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05784	−0.052%	$235K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05783	−0.061%	$452K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05789	+0.026%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.121%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.052%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	−0.035%	$80	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05781	−0.100%	$174K	$523K	10x	as long as short
BloFin WLFI-USDT	+0.0133%	4h	0.05785	−0.035%	$4.8M	$92K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05788	+0.017%	$525	$11K	10x	as long as short
01 Exchange WLFIUSD	+0.0296%	1h	0.05788	+0.017%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	−0.069%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05790	+0.046%	$97K	$90K	20x	as long as short