WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.067%

Price spread now: GMX against Lighter−0.134%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.134% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). 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	25m 55s	$140K	$624K	10x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2488	L +0.0172% / S −0.0038%	get 0.0005% / 1h	25m 55s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$12.12
Price spread: −0.134% → 0.000%: −$13.41
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$37.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 35 min ago; GMX: no order-book sample. Net counts fees only.

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, 35 min ago	6.36 bp	14.9 bp −$15	90.0 bp −$900	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.847%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2490	−0.054%	$646K	$2.3M	50x	as long as short
Gate WIF_USDT	−0.0046%	4h	0.2484	−0.285%	$1.2M	$7.4M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.019%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2489	−0.084%	$49K	$276K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2488	−0.110%	$804	—	150x	as long as short
KuCoin WIFUSDTM	+0.0036%	4h	0.2487	−0.165%	$4.5M	$13.1M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0068%	1h	0.2487	−0.165%	$79K	$272K	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2491	long leg	$140K	$624K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.076%	$57K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	−0.124%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2490	−0.040%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2492	+0.055%	$77K	$54K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	−0.256%	$18.9M	$112.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2483	−0.325%	$17.0M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2483	−0.325%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	−0.285%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2484	−0.285%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2487	−0.165%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2486	−0.201%	$76K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	−0.847%	$274K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	−0.646%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2488	−0.124%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	−0.080%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2486	−0.205%	$170K	$727K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2485	−0.233%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2489	−0.093%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L +0.0172% / S −0.0038%	1h	0.2488	−0.134%	$8K	—	100x
Hyperliquid WIF	+0.0222%	1h	0.2488	−0.128%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2492	+0.036%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2489	−0.080%	$0	—	15x	as long as short