Funding you earn now, next payment 02:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.195%
Price spread now: Lighter against Backpack+0.223%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.223%, 7d avg +0.091%
=Together, before fees+0.220%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.132% dearer against Backpack than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WIF_USDC_PERP | 0.2462 | −0.0026 | get 0.0003% / 1h | 8m 30s | $80K | $273K | 10x |
| Short | Lighter WIF | 0.2468 | 0.0096 | get 0.0012% / 1h | 8m 30s | $139K | $626K | 10x |
Backpack WIF_USDC_PERP
Lighter WIFFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.58
- Price spread: +0.223% → +0.091%
- $13.25
- Slippage, 4 orders
- −$32.66
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.83
- Costs to cover
- 0.427%
- Break-even
- 8.0 days
Slippage from Backpack: live order book, 60 min ago; Lighter: live order book, 52 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 Backpack live order book, 60 min ago | 0.41 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 6.36 bp | 10.0 bp −$10 | 68.1 bp −$681 | doesn't fit | doesn't fit |
WIF on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0783% | 1h | 0.2470 | +0.321% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0074% | 1h | 0.2466 | +0.161% | $641K | $2.3M | 50x | as long as short |
| Backpack WIF_USDC_PERPlong | −0.0026% | 1h | 0.2462 | long leg | $80K | $273K | 10x | |
| Gate WIF_USDT | −0.0008% | 4h | 0.2466 | +0.158% | $1.2M | $7.5M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2466 | +0.138% | $18K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2464 | +0.077% | $48K | $266K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2463 | +0.052% | $796 | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0086% | 4h | 0.2466 | +0.158% | $4.5M | $13.2M | 75x | as long as short |
| Lighter WIFshort | +0.0096% | 1h | 0.2468 | +0.223% | $139K | $626K | 10x | |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2470 | +0.321% | $57K | $497K | 20x | as long as short |
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Gate WIF_USDT
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Popdex WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2464 | +0.077% | $5K | $1.3M | 10x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2467 | +0.202% | $35K | $278K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2467 | +0.205% | $76K | $55K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2470 | +0.321% | $18.9M | $113.2M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2468 | +0.244% | $17.0M | $38.4M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2469 | +0.280% | $5.9M | $34.8M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2466 | +0.158% | $22.0M | $11.2M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2471 | +0.361% | $7.5M | $12.5M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2467 | +0.199% | — | $65.9M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2471 | +0.364% | $75K | $70K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2473 | +0.434% | $279K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2472 | +0.402% | $43K | $628K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2460 | −0.085% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2464 | +0.077% | $565 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2464 | +0.077% | $166K | $734K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2465 | +0.134% | $8K | $152K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2464 | +0.081% | $82K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0167% / S −0.0035% | 1h | 0.2463 | +0.032% | $8K | — | 100x | as long as short |
| Hyperliquid WIF | +0.0211% | 1h | 0.2470 | +0.341% | $8.0M | $4.7M | 5x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2463 | +0.037% | $327K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2469 | +0.263% | $0 | — | 15x | as long as short |
Orderly PERP_WIF_USDC
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Hyperliquid WIF
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP