Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.034%

Price spread now: Binance against Lighter+0.123%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.123%, 7d avg +0.081%

Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.041% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.081%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% 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	Lighter WLFI	0.05712	−0.0152	get 0.0019% / 1h	28m 30s	$941K	$367K	5x
Short	Binance WLFIUSDT	0.05719	0.0100	get 0.0050% / 4h	2h 28m	$136.8M	$38.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.123%Rate

Funding earned: $52.92
Price spread: +0.123% → +0.081%: $4.14
Slippage, 4 orders: −$24.66
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $22.41
Costs to cover: 0.347%
Break-even: 4.0 days

Slippage from Lighter: live order book, 57 min ago; Binance: live order book, 15 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 Lighter live order book, 57 min ago	7.87 bp	8.5 bp −$8	20.4 bp −$204	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.87 bp	9.7 bp −$10	22.1 bp −$221	100.1 bp −$10.0K	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	−0.0590%	1h	0.05720	+0.133%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0251%	4h	0.05714	+0.035%	$1.6M	$567K	20x	as long as short
Lighter WLFIlong	−0.0152%	1h	0.05712	long leg	$941K	$367K	5x
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.175%	$6K	$64K	5.5x	as long as short
OKX WLFI-USDT-SWAP	−0.0005%	4h	0.05715	+0.053%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05720	+0.147%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.837%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05720	+0.140%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05715	+0.058%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0045%	8h	0.05718	+0.112%	$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
01 Exchange WLFIUSD	+0.0072%	1h	0.05721	+0.158%	$4K	$319	3x	as long as short
Gate WLFI_USDT	+0.0090%	4h	0.05716	+0.070%	$3.4M	$2.8M	75x	as long as short
Variational Omni WLFI	+0.0092%	4h	0.05711	−0.013%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05715	+0.061%	$79K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05714	+0.037%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05715	+0.061%	$243K	$10K	5x	as long as short
Binance WLFIUSDTshort	+0.0100%	4h	0.05719	+0.123%	$136.8M	$38.5M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05713	+0.018%	$20.4M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05721	+0.165%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05719	+0.123%	$15.0M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	+0.070%	$3.2M	$932K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05716	+0.070%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05715	+0.053%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05717	+0.088%	$238K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05726	+0.239%	$276K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	+0.140%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.140%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05720	+0.140%	$115	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05715	+0.050%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05735	+0.403%	$33K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05711	−0.018%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05716	+0.067%	$14K	—	100x	as long as short