WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.038%

Price spread now: Lighter against Coinbase International+0.052%7-day average −0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

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

costs, in and out, $10k−$590.591% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.052%, 7d avg −0.126%

Together, before fees−0.566%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.178% dearer against Coinbase International than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.126%): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2485	0.0304	pay 0.0038% / 1h	49m 10s	$327K	$2.5M	50x
Short	Lighter WIF	0.2486	0.0096	get 0.0012% / 1h	49m 10s	$148K	$607K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$43.68
Price spread: +0.052% → −0.126%: $17.82
Slippage, 4 orders: −$49.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$84.94
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Lighter: 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 Coinbase International live order book, 5 min ago	8.11 bp	17.1 bp −$17	29.5 bp −$295	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	6.36 bp	10.0 bp −$10	68.1 bp −$681	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	−0.0783%	1h	0.2470	−0.604%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0156%	4h	0.2484	−0.040%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2484	−0.028%	$648K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0032%	4h	0.2484	−0.040%	$4.5M	$12.8M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2486	+0.024%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2483	−0.080%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2483	−0.062%	$803	—	150x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2486	+0.052%	$148K	$607K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2488	+0.121%	$57K	$497K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2484	−0.040%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2487	+0.071%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2488	+0.105%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	+0.005%	$18.8M	$111.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2484	−0.040%	$17.0M	$37.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2487	+0.080%	$6.0M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2486	+0.040%	$22.5M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2484	−0.040%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2482	−0.121%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2487	+0.089%	$80K	$268K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	−0.398%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2476	−0.362%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2479	−0.241%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2479	−0.241%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2485	−0.020%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2487	+0.080%	$170K	$747K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2483	−0.064%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2484	−0.054%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0180% / S −0.0043%	1h	0.2482	−0.110%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0180%	1h	0.2490	+0.217%	$8.1M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0304%	1h	0.2485	long leg	$327K	$2.5M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.080%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2484	−0.036%	$0	—	15x	as long as short