Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against HTX+0.771%7-day average −0.466% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$1521.520% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)−1.261%−$126 · spread now +0.771%, 7d avg −0.466%

Together, before fees−1.450%+ Points / potential airdropLighter: Season 3 · farm board−$145 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: Lighter is 1.237% dearer against HTX than usual: you sell high and buy low, +$124 on $10k if it goes back to its 7-day average of −0.466%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2387	0.0100	pay 0.0050% / 4h	2h 21m	$154K	$829K	75x
Short	Lighter WIF	0.2405	0.0096	get 0.0012% / 1h	21m 34s	$146K	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.771%Rate

Funding earned: −$0.84
Price spread: +0.771% → −0.466%: $123.68
Slippage, 4 orders: −$139.98
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.14
Costs to cover: 1.520%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; Lighter: live order book, 19 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 HTX live order book, 27 min ago	4.08 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 19 min ago	3.97 bp	15.5 bp −$15	60.4 bp −$604	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
BloFin WIF-USDT	−0.0142%	4h	0.2386	−0.042%	$976K	$899K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2404	+0.694%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2393	+0.268%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0011%	1h	0.2405	+0.758%	$74K	$318K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0088% / S +0.0031%	1h	0.2393	+0.269%	$8K	—	100x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2405	+0.771%	$146K	$670K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2409	+0.922%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2407	+0.850%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2408	+0.896%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2405	+0.742%	$76K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2408	+0.896%	$18.7M	$139.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2407	+0.842%	$16.3M	$46.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2407	+0.838%	$5.5M	$39.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2404	+0.712%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2406	+0.796%	$21.6M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2404	+0.712%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2405	+0.754%	$7.3M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2409	+0.922%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2376	−0.456%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−0.188%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	+0.126%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	+0.335%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2398	+0.461%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2401	+0.570%	$554	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2387	long leg	$154K	$829K	75x
Extended WIF-USD	+0.0104%	1h	0.2407	+0.831%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2400	+0.547%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0249%	1h	0.2403	+0.661%	$636K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2384	−0.126%	$319K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2404	+0.717%	$0	—	15x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0585%	1h	0.2397	+0.419%	$32K	$274K	25x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.461%	$10K	$10K	12x	as long as short