WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.043%

Price spread now: Coinbase International against Lighter−0.066%7-day average +0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

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

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.066%, 7d avg +0.115%

Together, before fees+0.608%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.181% cheaper against Lighter than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.115%). If the spread goes back, that is −$18 on $10k: about 45 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.287% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2416	0.0096	pay 0.0012% / 1h	19m 26s	$147K	$671K	10x
Short	Coinbase International WIF-PERP-INTX	0.2414	0.0416	get 0.0052% / 1h	19m 26s	$321K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.066%Rate

Funding earned: $67.2
Price spread: −0.066% → +0.115%: −$18.11
Slippage, 4 orders: −$42.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.52
Costs to cover: 0.526%
Break-even: 7.4 days

Slippage from Lighter: live order book, 21 min ago; Coinbase International: 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, 21 min ago	3.97 bp	6.8 bp −$7	54.9 bp −$549	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.28 bp	15.4 bp −$15	29.8 bp −$298	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	−0.0141%	4h	0.2404	−0.480%	$970K	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2413	−0.125%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2411	−0.175%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0025%	1h	0.2413	−0.099%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0088% / S +0.0031%	1h	0.2411	−0.170%	$8K	—	100x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2416	long leg	$147K	$671K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2412	−0.149%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2414	−0.070%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2413	−0.122%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2414	−0.074%	$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	0.2412	−0.143%	$18.7M	$139.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2411	−0.178%	$16.3M	$46.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2411	−0.190%	$5.5M	$39.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2413	−0.108%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2413	−0.108%	$21.7M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2413	−0.108%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2412	−0.149%	$7.3M	$15.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2412	−0.149%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.560%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−1.370%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	−1.060%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2412	−0.149%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2408	−0.315%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2412	−0.153%	$557	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2407	−0.356%	$155K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2411	−0.178%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2412	−0.146%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0165%	1h	0.2413	−0.108%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0248%	1h	0.2414	−0.067%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0416%	1h	0.2414	−0.066%	$321K	$3.1M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2411	−0.186%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.604%	$10K	$10K	12x	as long as short