Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Lighter−0.024%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

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

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2509	0.0096	pay 0.0012% / 1h	14m 17s	$149K	$595K	10x
Short	BingX WIF-USDC	0.2508	0.0100	get 0.0050% / 4h	3h 14m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0.84
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: −$49.1
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$60.65
Costs to cover: 0.591%
Break-even: 512.4 days

Slippage from Lighter: live order book, 51 min ago; BingX: live order book, 4 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 Lighter live order book, 51 min ago	5.31 bp	9.1 bp −$9	61.0 bp −$610	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.01 bp	18.5 bp −$18	58.9 bp −$589	323.0 bp −$32.3K	638.1 bp −$319.0K

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
Gate WIF_USDT	−0.0174%	4h	0.2507	−0.064%	$1.3M	$7.2M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0170%	1h	0.2509	+0.016%	$77K	$256K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0149%	1h	0.2508	−0.024%	$49K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0044%	4h	0.2506	−0.104%	$4.5M	$12.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2511	+0.080%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2510	+0.064%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.539%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2510	+0.069%	$658K	$2.2M	50x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2509	long leg	$149K	$595K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2507	−0.064%	$57K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2508	−0.024%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2510	+0.042%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2510	+0.068%	$78K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2507	−0.052%	$19.2M	$108.1M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2505	−0.136%	$17.2M	$37.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2505	−0.144%	$6.0M	$34.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2506	−0.104%	$22.8M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2508	−0.024%	$7.7M	$12.2M	50x	as long as short
BingX WIF-USDCshort	+0.0100%	4h	0.2508	−0.024%	—	$2.3M	—
Variational Omni WIF	+0.0100%	4h	0.2503	−0.239%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	−0.502%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2495	−0.542%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2505	−0.144%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2508	−0.008%	$570	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2506	−0.104%	$172K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2505	−0.126%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2507	−0.044%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0188% / S −0.0049%	1h	0.2510	+0.048%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0207%	1h	0.2512	+0.155%	$8.0M	$4.2M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2511	+0.096%	$339K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2512	+0.136%	$1.0M	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2508	−0.039%	$1	—	15x	as long as short