WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Extended against Lighter−0.212%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.212%, 7d avg −0.061%

Together, before fees+0.028%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.151% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2368	0.0096	pay 0.0012% / 1h	31m 18s	$131K	$540K	10x
Short	Extended WIF-USD	0.2363	0.0104	get 0.0013% / 1h	31m 18s	$10K	$153K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.212%Rate

Funding earned: $1.68
Price spread: −0.212% → −0.061%: −$15.15
Slippage, 4 orders: −$68.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$87.36
Costs to cover: 0.739%
Break-even: 371.0 days

Slippage from Lighter: live order book, 52 min ago; Extended: live order book, 54 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, 52 min ago	3.16 bp	12.6 bp −$13	74.9 bp −$749	doesn't fit	doesn't fit
Sell Extended live order book, 54 min ago	10.53 bp	23.1 bp −$23	103.8 bp −$1,038	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
Backpack WIF_USDC_PERP	−0.0732%	1h	0.2366	−0.097%	$73K	$234K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0595%	1h	0.2365	−0.127%	$46K	$289K	25x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.140%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0212%	4h	0.2365	−0.127%	$4.1M	$11.1M	75x	as long as short
Kraken Futures PF_WIFUSD	−0.0077%	1h	0.2367	−0.051%	$622K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0058%	4h	0.2374	+0.271%	$67K	$47K	—	as long as short
Gate WIF_USDT	−0.0012%	4h	0.2366	−0.084%	$1.2M	$6.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2369	+0.035%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2368	+0.010%	$14K	—	150x	as long as short
Aster WIFUSDT	+0.0007%	4h	0.2366	−0.105%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WIF_USDT_Perp	+0.0038%	4h	0.2376	+0.334%	$265K	$1.8M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2366	−0.084%	$4K	$1.3M	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2368	long leg	$131K	$540K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2367	−0.042%	$52K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2371	+0.106%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2368	−0.013%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2367	−0.063%	$17.5M	$99.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2365	−0.122%	$16.5M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2365	−0.127%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2367	−0.042%	$21.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2365	−0.127%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2366	−0.084%	—	$65.0M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2372	+0.169%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2362	−0.253%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2364	−0.173%	$537	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2366	−0.084%	$164K	$719K	75x	as long as short
Extended WIF-USDshort	+0.0104%	1h	0.2363	−0.212%	$10K	$153K	25x
Aevo WIF-PERP	+0.0104%	1h	0.2364	−0.169%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0135% / S −0.0646%	1h	0.2367	−0.032%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2376	+0.338%	$310K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2370	+0.084%	$962K	$688K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2365	−0.110%	$0	—	15x	as long as short