Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against MEXC−0.031%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$200.203% of the position

Long on MEXC 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−0.024%−$2 · spread now −0.031%, 7d avg −0.076%

Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.044% dearer against MEXC 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	MEXC WLFI_USDT	0.05784	0.0100	pay 0.0050% / 4h	2h 05m	$13.1M	$20.9M	100x
Short	Hyperliquid WLFI	0.05782	0.0100	get 0.0013% / 1h	5m 44s	$10.6M	$930K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.076%: $4.44
Slippage, 4 orders: −$11.32
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$15.88
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Hyperliquid: 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 MEXC live order book, 1 min ago	0.86 bp	0.9 bp −$1	4.5 bp −$45	54.5 bp −$5,452	122.0 bp −$61.0K
Sell Hyperliquid live order book, 10 min ago	1.04 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit

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
01 Exchange WLFIUSD	−0.0816%	1h	0.05787	+0.052%	$4K	$311	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0392%	1h	0.05732	−0.899%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05782	−0.028%	$8K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.521%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05781	−0.046%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.176%	$6K	$77K	5.5x	as long as short
Kraken Futures PF_WLFIUSD	+0.0094%	1h	0.05786	+0.033%	$96K	$130K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05785	+0.017%	$525	$11K	10x	as long as short
Lighter WLFI	+0.0096%	1h	0.05781	−0.052%	$1.1M	$479K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05783	−0.019%	$2K	$118	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05774	−0.164%	$87K	$26K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05782	−0.031%	$10.6M	$930K	5x
Aster WLFIUSDT	+0.0100%	4h	0.05783	−0.025%	$1.6M	$547K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05781	−0.054%	$247K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05785	+0.013%	$139.4M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05781	−0.052%	$21.3M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05786	+0.035%	$7.7M	$13.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05787	+0.050%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	−0.035%	$3.5M	$3.2M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05784	long leg	$13.1M	$20.9M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05782	−0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	−0.052%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05781	−0.052%	—	$7.5M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05783	−0.017%	$233K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05784	+0.003%	$452K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05783	−0.017%	$289K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	+0.104%	$34K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.104%	$39K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05784	0.000%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05783	−0.025%	$174K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05783	−0.026%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05787	+0.052%	$4.9M	$95K	75x	as long as short