Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Hyperliquid against OKX+0.052%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.052%, 7d avg +0.025%

Together, before fees+0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.027% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLFI-USDT-SWAP	0.05736	0.0100	pay 0.0050% / 4h	21m 40s	$7.6M	$12.9M	50x
Short	Hyperliquid WLFI	0.05739	0.0100	get 0.0013% / 1h	21m 40s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.025%: $2.68
Slippage, 4 orders: −$24.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$40.96
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.87 bp	10.7 bp −$11	24.9 bp −$249	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.40 bp	9.4 bp −$9	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
Lighter WLFI	−0.0064%	1h	0.05734	−0.035%	$1.0M	$440K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.017%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0044%	4h	0.05740	+0.064%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.396%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05742	+0.110%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.349%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0086%	8h	0.05738	+0.037%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05747	+0.192%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05743	+0.116%	$81K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05739	+0.052%	$10.5M	$1.3M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05740	+0.070%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05743	+0.124%	$138.3M	$40.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05737	+0.017%	$21.0M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAPlong	+0.0100%	4h	0.05736	long leg	$7.6M	$12.9M	50x
Arcus WLFI-USD	+0.0100%	1h	0.05744	+0.143%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05740	+0.070%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05742	+0.105%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05739	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05741	+0.087%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05739	+0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05740	+0.070%	$239K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05720	−0.271%	$447K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05739	+0.049%	$279K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.105%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.244%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	+0.157%	$99	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05737	+0.018%	$134K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05746	+0.174%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05747	+0.193%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0157%	1h	0.05730	−0.097%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05744	+0.136%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05748	+0.209%	$4.8M	$86K	75x	as long as short