Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.037%

Price spread now: Lighter against BingX−0.035%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.035%, 7d avg −0.037%

Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment. 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	BingX WLFI-USDT	0.05739	0.0100	pay 0.0050% / 4h	1h 09m	—	$7.2M	—
Short	Lighter WLFI	0.05737	−0.0184	pay 0.0023% / 1h	9m 50s	$957K	$381K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$59.64
Price spread: −0.035% → −0.037%: $0.23
Slippage, 4 orders: −$34.74
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.15
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Lighter: live order book, 6 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 BingX live order book, 8 min ago	5.23 bp	13.7 bp −$14	22.8 bp −$228	52.6 bp −$5,261	219.1 bp −$109.5K
Sell Lighter live order book, 6 min ago	5.24 bp	5.2 bp −$5	23.1 bp −$231	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
Kraken Futures PF_WLFIUSD	−0.0701%	1h	0.05744	+0.079%	$73K	$67K	20x	as long as short
Aster WLFIUSDT	−0.0239%	4h	0.05743	+0.062%	$1.6M	$579K	20x	as long as short
Lighter WLFIshort	−0.0184%	1h	0.05737	−0.035%	$957K	$381K	5x
dYdX WLFI-USD	0.0000%	1h	0.05740	+0.019%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.339%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05745	+0.105%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05742	+0.051%	$314	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0014%	4h	0.05738	−0.017%	$7.5M	$12.6M	50x	as long as short
01 Exchange WLFIUSD	+0.0024%	1h	0.05742	+0.052%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0038%	8h	0.05744	+0.086%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLFI/USDC PERP	+0.0082%	1h	0.05716	−0.401%	$6K	$77K	5.5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	+0.026%	$79K	$31K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05742	+0.049%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05742	+0.051%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05745	+0.106%	$137.5M	$39.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05740	+0.017%	$20.9M	$17.2M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05745	+0.113%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05742	+0.052%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05743	+0.070%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05746	+0.122%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05740	+0.017%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05739	long leg	—	$7.2M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05744	+0.087%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05735	−0.074%	$443K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05730	−0.157%	$277K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.017%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.192%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05744	+0.087%	$135	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05739	+0.006%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05743	+0.077%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05743	+0.070%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0384%	1h	0.05737	−0.035%	$32K	$16K	50x	as long as short