Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.8% APRpaid last 24h +0.009%

Price spread now: Lighter against Aster−0.092%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.092%, 7d avg −0.036%

Together, before fees+0.298%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.056% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.224%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLFIUSDT	0.05710	−0.0045	get 0.0022% / 4h	50m 37s	$1.6M	$574K	20x
Short	Lighter WLFI	0.05705	−0.0088	pay 0.0011% / 1h	50m 37s	$1.0M	$437K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$9.11
Price spread: −0.092% → −0.036%: −$5.62
Slippage, 4 orders: −$26.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.47
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 5 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 Aster live order book, 3 min ago	1.75 bp	5.8 bp −$6	35.1 bp −$351	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	7.87 bp	9.3 bp −$9	24.0 bp −$240	doesn't fit	doesn't fit

WLFI 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
Lighter WLFIshort	−0.0088%	1h	0.05705	−0.092%	$1.0M	$437K	5x
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.469%	$32K	$15K	50x	as long as short
Aster WLFIUSDTlong	−0.0045%	4h	0.05710	long leg	$1.6M	$574K	20x
dYdX WLFI-USD	0.0000%	1h	0.05709	−0.013%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.874%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05710	−0.004%	$312	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.101%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0080%	8h	0.05709	−0.023%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.030%	$81K	$25K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05710	−0.008%	$10.4M	$1.3M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05710	−0.008%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05714	+0.067%	$137.5M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05703	−0.127%	$20.7M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05704	−0.109%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05715	+0.076%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05709	−0.022%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05713	+0.048%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05711	+0.013%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05710	−0.004%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05711	+0.013%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05712	+0.031%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05704	−0.118%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05723	+0.227%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.004%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.171%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05713	+0.048%	$116	$5K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05716	+0.101%	$519	$11K	10x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05706	−0.083%	$133K	$488K	10x	as long as short
01 Exchange WLFIUSD	+0.0104%	1h	0.05712	+0.031%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05715	+0.088%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05713	+0.045%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05717	+0.118%	$4.8M	$84K	75x	as long as short