Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.092%

Price spread now: Lighter against BloFin−0.173%60s7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.420% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now −0.173%, 7d avg −0.085%

Together, before fees−0.512%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.087% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.085%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05789	0.0340	pay 0.0170% / 4h	3h 46m	$4.9M	$102K	75x
Short	Lighter WLFI	0.05779	0.0096	get 0.0012% / 1h	46m 11s	$1.1M	$470K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$51.24
Price spread: −0.173% → −0.085%: −$8.75
Slippage, 4 orders: −$29.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$101.94
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.86 bp	13.2 bp −$13	18.3 bp −$183	61.4 bp −$6,144	doesn't fit
Sell Lighter live order book, 4 min ago	6.06 bp	7.5 bp −$7	18.7 bp −$187	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	−0.985%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0392%	1h	0.05785	−0.069%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.432%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05780	−0.150%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.261%	$6K	$77K	5.5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05779	−0.173%	$1.1M	$470K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05781	−0.133%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05781	−0.130%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05783	−0.107%	$1.6M	$529K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05783	−0.107%	$247K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05786	−0.052%	$139.8M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05779	−0.173%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	−0.155%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	−0.071%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	−0.121%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05786	−0.052%	$13.6M	$19.9M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05786	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	−0.138%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05782	−0.121%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05784	−0.086%	$235K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05780	−0.163%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05782	−0.120%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	−0.155%	$34K	$37K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05782	−0.121%	$82K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.017%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	−0.069%	$111	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	−0.172%	$177K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0232%	1h	0.05779	−0.172%	$11K	$943	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05787	−0.035%	$525	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	−0.104%	$7K	—	100x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05789	long leg	$4.9M	$102K	75x
Kraken Futures PF_WLFIUSD	+0.2342%	1h	0.05787	−0.041%	$97K	$90K	20x	as long as short