WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.137%

Price spread now: Lighter against Deribit+0.189%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs+$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.735%+$73 on $10k

Price spread, last 3 days (all we have)−0.308%−$31 · spread now +0.189%, 7d avg +0.034%

Together, before fees+0.427%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.156% dearer against Deribit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2429	0	get 0.0000% / 1h	9m 39s	$48K	$289K	25x
Short	Lighter WIF	0.2434	0.0096	get 0.0012% / 1h	9m 39s	$136K	$550K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.189%Rate

Funding earned: $20.16
Price spread: +0.189% → +0.034%: $15.56
Slippage, 4 orders: −$28.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.31
Costs to cover: 0.354%
Break-even: 6.9 days

Slippage from Deribit: live order book, 9 min ago; Lighter: live order book, 66 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 Deribit live order book, 9 min ago	4.13 bp	11.3 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Lighter live order book, 66 min ago	3.58 bp	7.4 bp −$7	57.1 bp −$571	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
Backpack WIF_USDC_PERP	−0.0291%	1h	0.2427	−0.082%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0030%	4h	0.2430	+0.041%	$4.1M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2434	+0.192%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	0.0000%	1h	0.2429	long leg	$48K	$289K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2429	−0.019%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.400%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2427	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2434	+0.189%	$136K	$550K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2422	−0.288%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2435	+0.247%	$7.6M	$4.0M	5x	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	0.2430	+0.045%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2433	+0.171%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2434	+0.205%	$18.1M	$101.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2432	+0.124%	$16.9M	$35.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2433	+0.165%	$6.1M	$31.5M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2431	+0.082%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2433	+0.165%	$22.1M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2434	+0.206%	$7.5M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2429	0.000%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2420	−0.363%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2429	0.000%	$277K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2429	0.000%	$43K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2421	−0.329%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2428	−0.049%	$553	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2420	−0.371%	$168K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2430	+0.041%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2428	−0.061%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0234% / S −0.1335%	1h	0.2427	−0.073%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	0.000%	$319K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2420	−0.371%	$974K	$713K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0372%	1h	0.2430	+0.028%	$635K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2422	−0.302%	$0	—	15x	as long as short