Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%

Price spread now: Lighter against Bybit0.000%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now 0.000%, 7d avg −0.012%

Together, before fees−0.011%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLFIUSDT	0.05760	0.0100	pay 0.0050% / 4h	3h 09m	$21.0M	$17.4M	75x
Short	Lighter WLFI	0.05760	0	get 0.0000% / 1h	9m 14s	$994K	$400K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → −0.012%: $1.17
Slippage, 4 orders: −$23.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.1
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 61 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 Bybit live order book, 4 min ago	0.87 bp	8.1 bp −$8	33.6 bp −$336	doesn't fit	doesn't fit
Sell Lighter live order book, 61 min ago	7.87 bp	9.3 bp −$9	22.8 bp −$228	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	−0.0109%	1h	0.05766	+0.103%	$73K	$49K	20x	as long as short
Lighter WLFIshort	0.0000%	1h	0.05760	0.000%	$994K	$400K	5x
dYdX WLFI-USD	0.0000%	1h	0.05760	−0.008%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.956%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05768	+0.139%	$524	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05766	+0.099%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.764%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0087%	4h	0.05768	+0.136%	$1.6M	$589K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0090%	8h	0.05763	+0.052%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05763	+0.052%	$80K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05765	+0.080%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05763	+0.045%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05765	+0.094%	$138.1M	$39.5M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05760	long leg	$21.0M	$17.4M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05762	+0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05769	+0.163%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05766	+0.104%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.156%	$14.9M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05769	+0.156%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05767	+0.122%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05762	+0.035%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05764	+0.069%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05758	−0.043%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05763	+0.048%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	0.000%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.174%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05767	+0.122%	$113	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	+0.046%	$133K	$506K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05769	+0.156%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.399%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05764	+0.076%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05767	+0.122%	$4.7M	$79K	75x	as long as short