Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Lighter+0.008%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.008%, 7d avg +0.023%

Together, before fees+0.090%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2484	0.0096	pay 0.0012% / 1h	30m 14s	$140K	$624K	10x
Short	Bitget WIFUSDT	0.2484	0.0100	get 0.0050% / 4h	2h 30m	$7.5M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.84
Price spread: +0.008% → +0.023%: −$1.49
Slippage, 4 orders: −$40.63
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$53.27
Costs to cover: 0.526%
Break-even: 451.0 days

Slippage from Lighter: live order book, 30 min ago; Bitget: live order book, 3 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, 30 min ago	6.36 bp	14.9 bp −$15	90.0 bp −$900	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.03 bp	15.8 bp −$16	39.1 bp −$391	108.1 bp −$10.8K	doesn't fit

WIF on 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.556%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2485	+0.045%	$645K	$2.3M	50x	as long as short
Gate WIF_USDT	−0.0066%	4h	0.2483	−0.032%	$1.2M	$7.4M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2474	−0.409%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2479	−0.178%	$801	—	150x	as long as short
KuCoin WIFUSDTM	+0.0028%	4h	0.2483	−0.032%	$4.5M	$13.0M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0067%	1h	0.2483	−0.032%	$79K	$273K	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2484	long leg	$140K	$624K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2480	−0.153%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2481	−0.113%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2478	−0.214%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2477	−0.273%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2484	+0.021%	$18.9M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2482	−0.072%	$17.0M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2484	+0.008%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2483	−0.032%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDTshort	+0.0100%	4h	0.2484	+0.008%	$7.5M	$12.4M	50x
BingX WIF-USDC	+0.0100%	4h	0.2479	−0.193%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	−0.551%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2463	−0.834%	$279K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	−0.515%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2476	−0.314%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2483	−0.012%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2480	−0.153%	$169K	$727K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2483	−0.039%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2482	−0.058%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2481	−0.113%	$49K	$276K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0174% / S −0.0039%	1h	0.2480	−0.171%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0228%	1h	0.2488	+0.167%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2479	−0.193%	$325K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2477	−0.279%	$0	—	15x	as long as short