Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Hyperliquid against Variational Omni−0.023%7-day average +0.009% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now −0.023%, 7d avg +0.009%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$4 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 0.032% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLFI	0.05752	0.0100	pay 0.0050% / 4h	52m 29s	$445K	$30K	—
Short	Hyperliquid WLFI	0.05750	0.0100	get 0.0013% / 1h	52m 29s	$10.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.009%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.23
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Hyperliquid: live order book, 10 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 27 min ago	4.37 bp	doesn't fit	28.8 bp −$288	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.96 bp	7.2 bp −$7	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	−0.0433%	1h	0.05757	+0.090%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0177%	4h	0.05753	+0.024%	$1.6M	$581K	20x	as long as short
Lighter WLFI	−0.0016%	1h	0.05747	−0.082%	$964K	$386K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05752	+0.007%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.106%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05753	+0.021%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.621%	$6K	$77K	5.5x	as long as short
OKX WLFI-USDT-SWAP	+0.0056%	4h	0.05749	−0.047%	$7.5M	$12.7M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0057%	8h	0.05756	+0.070%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05755	+0.057%	$4K	$319	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05758	+0.109%	$523	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05750	−0.030%	$79K	$30K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05750	−0.023%	$10.5M	$1.2M	5x
Pacifica WLFI	+0.0100%	1h	0.05752	+0.003%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05756	+0.073%	$137.9M	$39.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05749	−0.047%	$21.0M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05758	+0.116%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05753	+0.022%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05755	+0.057%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05756	+0.074%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05749	−0.047%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05748	−0.065%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05754	+0.040%	$239K	$29K	10x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05752	long leg	$445K	$30K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05761	+0.162%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.144%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.144%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05756	+0.074%	$125	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05749	−0.049%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	+0.033%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05759	+0.127%	$4.7M	$70K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.256%	$32K	$16K	50x	as long as short