Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against SunX−0.066%7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2332.328% of the position

Long on SunX 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 4 days (all we have)−0.256%−$26 · spread now −0.066%, 7d avg −0.149%

Together, before fees−0.284%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 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 0.083% dearer against SunX than usual: you sell high and buy low, +$8 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	SunX WLFI-USDT	0.05770	0.0100	pay 0.0050% / 4h	3h 01m	$39K	$1.7M	20x
Short	Hyperliquid WLFI	0.05766	0.0100	get 0.0013% / 1h	1m 32s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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 SunXbpFee HyperliquidbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.149%: $8.28
Slippage, 4 orders: −$215.78
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$224.51
Costs to cover: 2.328%
Break-even: never at this rate

Slippage from SunX: live order book, 4 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 SunX live order book, 4 min ago	43.07 bp	102.3 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.77 bp	8.5 bp −$8	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
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.776%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05768	−0.028%	$315	—	150x	as long as short
dYdX WLFI-USD	+0.0021%	1h	0.05769	−0.009%	$11K	$954	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.936%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.572%	$32K	$15K	50x	as long as short
Lighter WLFI	+0.0056%	1h	0.05762	−0.139%	$1.0M	$451K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0097%	8h	0.05764	−0.104%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05765	−0.078%	$82K	$24K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05766	−0.066%	$10.5M	$1.3M	5x
Aster WLFIUSDT	+0.0100%	4h	0.05765	−0.079%	$1.6M	$582K	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	0.05765	−0.081%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05775	+0.087%	$139.3M	$42.3M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05769	−0.017%	$21.0M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.017%	$7.7M	$13.4M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05769	−0.023%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05768	−0.035%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	−0.017%	$13.5M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05765	−0.087%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05776	+0.104%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05769	−0.017%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05788	+0.320%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05800	+0.520%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	0.000%	$33K	$38K	50x	as long as short
SunX WLFI-USDTlong	+0.0100%	4h	0.05770	long leg	$39K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05770	0.000%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05765	−0.087%	$133K	$636K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05774	+0.069%	$4K	$319	3x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05772	+0.035%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0297% / S −0.1279%	1h	0.05765	−0.087%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05780	+0.173%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05769	−0.026%	$97K	$91K	20x	as long as short