Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Lighter−0.071%7-day average +0.466% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$1521.520% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.562%+$56 · spread now −0.071%, 7d avg +0.466%

Together, before fees+0.751%+ Points / potential airdropLighter: Season 3 · farm board+$75 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: HTX is 0.537% cheaper against Lighter than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of +0.466%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2388	0.0096	pay 0.0012% / 1h	34m 12s	$143K	$667K	10x
Short	HTX WIF-USDT	0.2386	0.0100	get 0.0050% / 4h	2h 34m	$159K	$806K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0.84
Price spread: −0.071% → +0.466%: −$53.71
Slippage, 4 orders: −$139.98
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$204.85
Costs to cover: 1.520%
Break-even: 1714.1 days

Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 14 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, 6 min ago	3.97 bp	6.8 bp −$7	54.9 bp −$549	doesn't fit	doesn't fit
Sell HTX live order book, 14 min ago	4.08 bp	93.9 bp −$94	doesn't fit	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
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2385	−0.113%	$32K	$274K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2401	+0.557%	$1.0M	$896K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0008%	1h	0.2380	−0.310%	$73K	$317K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2392	+0.165%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2387	−0.049%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0093% / S +0.0032%	1h	0.2387	−0.038%	$8K	—	100x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2388	long leg	$143K	$667K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2388	+0.013%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2384	−0.176%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2387	−0.041%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2390	+0.117%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	−0.191%	$18.5M	$138.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2382	−0.243%	$16.2M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2383	−0.197%	$5.4M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2383	−0.197%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2383	−0.197%	$21.5M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2383	−0.197%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2381	−0.281%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2380	−0.322%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	+0.227%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	+0.423%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	+0.599%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2386	−0.071%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2383	−0.197%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2386	−0.092%	$551	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2386	−0.071%	$159K	$806K	75x
Extended WIF-USD	+0.0104%	1h	0.2384	−0.140%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2385	−0.113%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2387	−0.020%	$620K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2386	−0.071%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2385	−0.107%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.431%	$10K	$10K	12x	as long as short