Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.045%

Price spread now: Lighter against Binance−0.148%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.120%−$12 · spread now −0.148%, 7d avg −0.113%

Together, before fees−0.220%+ Points / potential airdropLighter: Season 3 · farm board−$22 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: Lighter is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLFIUSDT	0.05791	0.0100	pay 0.0050% / 4h	3h 57m	$139.8M	$43.0M	75x
Short	Lighter WLFI	0.05782	0.0096	get 0.0012% / 1h	57m 04s	$1.1M	$469K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$0.84
Price spread: −0.148% → −0.113%: −$3.51
Slippage, 4 orders: −$25.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.33
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Lighter: live order book, 4 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 Binance live order book, 1 min ago	0.86 bp	11.8 bp −$12	21.8 bp −$218	111.0 bp −$11.1K	doesn't fit
Sell Lighter live order book, 4 min ago	6.05 bp	7.5 bp −$7	23.4 bp −$234	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
Coinbase International WLFI-PERP-INTX	−0.0536%	1h	0.05732	−1.011%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0208%	1h	0.05787	−0.062%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.406%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05785	−0.103%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.288%	$6K	$77K	5.5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05782	−0.148%	$1.1M	$469K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05782	−0.145%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05781	−0.167%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05785	−0.100%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05786	−0.087%	$1.6M	$529K	20x	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	0.05783	−0.139%	$247K	$14K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05791	long leg	$139.8M	$43.0M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05780	−0.183%	$21.1M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05785	−0.096%	$7.8M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05787	−0.065%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05786	−0.079%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05790	−0.010%	$13.6M	$19.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05788	−0.044%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05784	−0.113%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05784	−0.113%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05786	−0.079%	$235K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	−0.170%	$452K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	−0.010%	$286K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.183%	$34K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	−0.010%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05787	−0.062%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05783	−0.130%	$174K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0268%	1h	0.05790	−0.010%	$526	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05784	−0.107%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05788	−0.044%	$4.9M	$102K	75x	as long as short
dYdX WLFI-USD	+0.0506%	1h	0.05779	−0.197%	$11K	$943	5x	as long as short
Kraken Futures PF_WLFIUSD	+0.2342%	1h	0.05786	−0.077%	$97K	$90K	20x	as long as short