WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h −0.033%

Price spread now: Lighter against Hyperliquid−0.078%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.078%, 7d avg −0.034%

Together, before fees−0.029%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05774	0.0100	pay 0.0013% / 1h	3m 15s	$10.5M	$1.3M	5x
Short	Lighter WLFI	0.05770	−0.0016	pay 0.0002% / 1h	3m 15s	$1.0M	$445K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$24.36
Price spread: −0.078% → −0.034%: −$4.42
Slippage, 4 orders: −$26.52
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$64.3
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Lighter: live order book, 2 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 Hyperliquid live order book, 9 min ago	1.22 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	6.09 bp	9.7 bp −$10	23.3 bp −$233	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	−0.0048%	1h	0.05737	−0.649%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0032%	4h	0.05777	+0.038%	$1.6M	$575K	20x	as long as short
Lighter WLFIshort	−0.0016%	1h	0.05770	−0.078%	$1.0M	$445K	5x
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.698%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05774	−0.017%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.013%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0090%	8h	0.05772	−0.041%	$2K	$118	5x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05751	−0.398%	$449K	$40K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05775	+0.013%	$82K	$24K	5x	as long as short
Hyperliquid WLFIlong	+0.0100%	1h	0.05774	long leg	$10.5M	$1.3M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05774	0.000%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05772	−0.044%	$139.1M	$41.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05761	−0.234%	$21.2M	$18.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05767	−0.130%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05778	+0.057%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05775	+0.009%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05767	−0.130%	$13.4M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05767	−0.130%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	−0.061%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05771	−0.061%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05762	−0.216%	$240K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05758	−0.286%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−0.597%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.095%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05777	+0.043%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05772	−0.036%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0144%	1h	0.05780	+0.095%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0147%	1h	0.05780	+0.094%	$100K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05774	−0.002%	$3K	—	100x	as long as short
dYdX WLFI-USD	+0.0295%	1h	0.05769	−0.097%	$11K	$970	5x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05782	+0.130%	$4.8M	$87K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05782	+0.130%	$525	$11K	10x	as long as short