WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against Hyperliquid−0.079%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.079%, 7d avg −0.033%

Together, before fees+0.015%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$2 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 0.046% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WIF	0.2401	0.0100	pay 0.0013% / 1h	55m 10s	$7.5M	$4.0M	5x
Short	Lighter WIF	0.2399	0.0096	get 0.0012% / 1h	55m 10s	$133K	$541K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$0.84
Price spread: −0.079% → −0.033%: −$4.6
Slippage, 4 orders: −$30.53
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.96
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Lighter: live order book, 20 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 Hyperliquid live order book, 7 min ago	1.27 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 20 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
Deribit WIF_USDC-PERPETUAL	−0.0167%	1h	0.2399	−0.079%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0136%	4h	0.2397	−0.162%	$4.2M	$11.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2392	−0.380%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2398	−0.121%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.246%	$10K	$10K	12x	as long as short
Variational Omni WIF	+0.0086%	4h	0.2384	−0.692%	$68K	$65K	—	as long as short
Aster WIFUSDT	+0.0089%	4h	0.2397	−0.157%	$25K	$255K	10x	as long as short
Orderly PERP_WIF_USDC	+0.0091%	4h	0.2398	−0.121%	$5K	$1.3M	10x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2399	−0.079%	$133K	$541K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2397	−0.162%	$53K	$483K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIFlong	+0.0100%	1h	0.2401	long leg	$7.5M	$4.0M	5x
Pacifica WIF	+0.0100%	1h	0.2396	−0.219%	$76K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2398	−0.135%	$17.7M	$99.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2398	−0.121%	$16.8M	$34.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2400	−0.037%	$6.1M	$30.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2397	−0.162%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2397	−0.162%	$21.4M	$10.6M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2399	−0.079%	$7.3M	$11.6M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2400	−0.037%	—	$65.1M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2398	−0.117%	$75K	$235K	10x	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−0.746%	$274K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2379	−0.912%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2392	−0.371%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2397	−0.142%	$550	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2395	−0.246%	$166K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2397	−0.158%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2397	−0.142%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0179% / S −0.0952%	1h	0.2398	−0.140%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2401	+0.004%	$315K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2399	−0.079%	$970K	$704K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0377%	1h	0.2399	−0.066%	$631K	$2.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2398	−0.128%	$0	—	15x	as long as short