WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0620%/8h= +67.9% APRnext payment +$0.77 per $10,000 · paid last 24h −0.004%

Price spread now: Kraken Futures against Lighter+0.129%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.129%, 7d avg +0.018%

Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.111% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2581	0.0096	pay 0.0012% / 1h	2m 34s	$150K	$851K	10x
Short	Kraken Futures PF_WIFUSD	0.2585	0.0716	get 0.0089% / 1h	2m 34s	$668K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.129%Rate

Funding earned: $130.16
Price spread: +0.129% → +0.018%: $11.13
Slippage, 4 orders: −$73.82
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $57.48
Costs to cover: 0.838%
Break-even: 3.9 days

Slippage from Lighter: live order book, 23 min ago; Kraken Futures: live order book, 1 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, 23 min ago	13.44 bp	13.4 bp −$13	74.4 bp −$744	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	7.75 bp	27.8 bp −$28	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0142% / S +0.0172%	1h	0.2582	+0.011%	$8K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2577	−0.174%	$1.1M	$1.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2578	−0.152%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2580	−0.070%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0096%	4h	0.2580	−0.058%	$6K	$1.1M	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2581	long leg	$150K	$851K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2578	−0.136%	$51K	$632K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2580	−0.066%	$10.4M	$9.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2578	−0.131%	$32K	$432K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2579	−0.100%	$80K	$94K	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	0.2579	−0.109%	$20.8M	$170.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2577	−0.174%	$17.8M	$58.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2577	−0.174%	$6.4M	$51.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2579	−0.097%	$1.3M	$12.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2577	−0.174%	$23.8M	$15.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2580	−0.058%	$3.9M	$18.5M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2577	−0.174%	$7.7M	$19.1M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2579	−0.097%	—	$27.6M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2581	−0.012%	$82K	$353K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2598	+0.642%	$79K	$371K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2583	+0.057%	$296K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2593	+0.445%	$36K	$651K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2578	−0.136%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2582	+0.039%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2579	−0.097%	$171K	$998K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2575	−0.259%	$9K	$214K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2584	+0.099%	$86K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0138%	1h	0.2581	−0.019%	$34K	$261K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2587	+0.213%	$355K	$4.1M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2602	+0.794%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2580	−0.075%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0716%	1h	0.2585	+0.129%	$668K	$3.0M	50x