Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.018%

Price spread now: Lighter against BloFin+0.004%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.004%, 7d avg +0.042%

Together, before fees−0.442%+ Points / potential airdropLighter: Season 3 · farm board−$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.038% cheaper against BloFin than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.042%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.375%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2505	−0.0140	get 0.0070% / 4h	1h 06m	$984K	$947K	75x
Short	Lighter WIF	0.2505	0.0096	get 0.0012% / 1h	6m 37s	$144K	$703K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: $49.56
Price spread: +0.004% → +0.042%: −$3.85
Slippage, 4 orders: −$46.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.62
Costs to cover: 0.583%
Break-even: 8.8 days

Slippage from BloFin: live order book, 15 min ago; Lighter: live order book, 29 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 BloFin live order book, 15 min ago	6.05 bp	15.4 bp −$15	17.4 bp −$174	48.5 bp −$4,849	doesn't fit
Sell Lighter live order book, 29 min ago	11.46 bp	11.9 bp −$12	54.7 bp −$547	doesn't fit	doesn't fit

WIF 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−1.717%	$10K	$11K	12x	as long as short
BloFin WIF-USDTlong	−0.0140%	4h	0.2505	long leg	$984K	$947K	75x
dYdX WIF-USD	0.0000%	1h	0.2503	−0.099%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2502	−0.107%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0013%	1h	0.2502	−0.136%	$75K	$297K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0018% / S +0.0191%	1h	0.2503	−0.093%	$16K	—	100x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2505	+0.004%	$144K	$703K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2501	−0.160%	$53K	$572K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2505	−0.020%	$8.7M	$6.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2503	−0.060%	$30K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2503	−0.068%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2503	−0.060%	$19.1M	$144.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2503	−0.088%	$16.9M	$47.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2504	−0.040%	$5.6M	$42.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2502	−0.120%	$1.2M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2503	−0.080%	$22.6M	$12.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2503	−0.080%	$4.4M	$16.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2504	−0.040%	$7.6M	$15.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2503	−0.080%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2490	−0.597%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2503	−0.061%	$287K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2502	−0.120%	$46K	$634K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2503	−0.080%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2499	−0.240%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2504	−0.060%	$571	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2497	−0.319%	$154K	$942K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2503	−0.067%	$14K	$169K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2503	−0.077%	$84K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0150%	1h	0.2504	−0.040%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0341%	1h	0.2506	+0.022%	$650K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2505	0.000%	$331K	$3.3M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2499	−0.255%	$0	—	15x	as long as short