Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.045%

Price spread now: Lighter against Bitget+0.052%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.195%−$19 · spread now +0.052%, 7d avg −0.013%

Together, before fees−0.190%+ Points / potential airdropLighter: Season 3 · farm board−$19 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 0.065% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WLFIUSDT	0.05783	0.0100	pay 0.0050% / 4h	0m 47s	$7.9M	$3.5M	75x
Short	Lighter WLFI	0.05786	0.0096	get 0.0012% / 1h	0m 47s	$1.1M	$469K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$0.84
Price spread: +0.052% → −0.013%: $6.47
Slippage, 4 orders: −$28.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.59
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 3 min ago	1.73 bp	11.1 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	6.05 bp	7.1 bp −$7	18.1 bp −$181	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	−0.0328%	1h	0.05732	−0.882%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.542%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05786	+0.060%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.159%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0073%	1h	0.05780	−0.059%	$11K	$943	5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05786	+0.052%	$1.1M	$469K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05787	+0.076%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05781	−0.030%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05788	+0.078%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05784	+0.022%	$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	0.05788	+0.081%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05791	+0.131%	$139.8M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05783	0.000%	$21.1M	$19.2M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05787	+0.069%	$7.8M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	+0.033%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05788	+0.086%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05789	+0.104%	$13.6M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05786	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTlong	+0.0100%	4h	0.05783	long leg	$7.9M	$3.5M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05787	+0.069%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05788	+0.086%	$235K	$30K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	−0.039%	$452K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05790	+0.121%	$286K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.052%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	+0.294%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05788	+0.086%	$98	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05783	+0.002%	$174K	$1.0M	10x	as long as short
01 Exchange WLFIUSD	+0.0216%	1h	0.05785	+0.035%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05786	+0.045%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05794	+0.190%	$4.9M	$102K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05793	+0.168%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0614%	1h	0.05793	+0.173%	$526	$11K	10x	as long as short