WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.132%

Price spread now: Deribit against Lighter−0.120%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

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

costs, in and out, $10k−$450.453% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.732%−$73 on $10k

Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.120%, 7d avg −0.035%

Together, before fees−0.511%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2491	0.0096	pay 0.0012% / 1h	10m 45s	$148K	$595K	10x
Short	Deribit WIF_USDC-PERPETUAL	0.2488	−0.0152	pay 0.0019% / 1h	10m 45s	$49K	$289K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$52.03
Price spread: −0.120% → −0.035%: −$8.55
Slippage, 4 orders: −$38.26
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$105.85
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Lighter: live order book, 55 min ago; Deribit: live order book, 63 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, 55 min ago	5.31 bp	9.1 bp −$9	61.0 bp −$610	doesn't fit	doesn't fit
Sell Deribit live order book, 63 min ago	6.16 bp	9.7 bp −$10	17.9 bp −$179	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
Gate WIF_USDT	−0.0188%	4h	0.2487	−0.161%	$1.3M	$7.2M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0162%	1h	0.2487	−0.169%	$76K	$255K	10x	as long as short
Deribit WIF_USDC-PERPETUALshort	−0.0152%	1h	0.2488	−0.120%	$49K	$289K	25x
KuCoin WIFUSDTM	−0.0070%	4h	0.2487	−0.161%	$4.5M	$12.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.023%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2489	−0.061%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.843%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2490	−0.031%	$651K	$2.3M	50x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2491	long leg	$148K	$595K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2492	+0.040%	$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	0.2488	−0.120%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2490	−0.042%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2490	−0.041%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2490	−0.053%	$19.1M	$108.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2489	−0.080%	$17.1M	$37.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2488	−0.120%	$6.0M	$34.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2489	−0.080%	$22.6M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2487	−0.161%	$7.6M	$12.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2484	−0.281%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	−0.157%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2496	+0.200%	$283K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2511	+0.803%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2487	−0.161%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	−0.096%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2488	−0.120%	$171K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2486	−0.183%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2489	−0.092%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0187% / S −0.0048%	1h	0.2489	−0.084%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0204%	1h	0.2493	+0.064%	$8.0M	$4.3M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2491	0.000%	$335K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2489	−0.080%	$1.0M	$703K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2488	−0.116%	$0	—	15x	as long as short