WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.018%

Price spread now: Lighter against Kraken Futures+0.045%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.045%, 7d avg −0.017%

Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.062% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.017%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2574	0.0357	pay 0.0045% / 1h	29m 51s	$673K	$2.4M	50x
Short	Lighter WIF	0.2576	0.0096	get 0.0012% / 1h	29m 51s	$147K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$54.84
Price spread: +0.045% → −0.017%: $6.17
Slippage, 4 orders: −$56.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$114.81
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 16 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 Kraken Futures live order book, 4 min ago	7.77 bp	20.6 bp −$21	97.8 bp −$978	doesn't fit	doesn't fit
Sell Lighter live order book, 16 min ago	4.66 bp	9.0 bp −$9	57.5 bp −$575	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	−0.0195%	4h	0.2576	+0.060%	$1.1M	$917K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2580	+0.196%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2573	−0.056%	$40K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2571	−0.124%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.756%	$11K	$10K	12x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2576	+0.045%	$147K	$652K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2576	+0.060%	$53K	$562K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2573	−0.043%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2580	+0.224%	$80K	$64K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2574	−0.024%	$20.5M	$127.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2571	−0.134%	$17.6M	$42.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2573	−0.056%	$6.2M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2573	−0.056%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2571	−0.134%	$23.7M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2570	−0.173%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2572	−0.095%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2574	−0.018%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2571	−0.134%	$79K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	−0.054%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2571	−0.129%	$295K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2572	−0.095%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2574	−0.018%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2569	−0.212%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2574	−0.037%	$602	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2575	+0.021%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2570	−0.183%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2574	−0.035%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2572	−0.094%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2577	+0.099%	$348K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0357%	1h	0.2574	long leg	$673K	$2.4M	50x
Hyperliquid WIF	+0.0516%	1h	0.2579	+0.161%	$8.6M	$5.2M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2572	−0.094%	$1	—	15x	as long as short