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: BingX against Lighter−0.017%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Lighter Short on BingX

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)−0.033%−$3 · spread now −0.017%, 7d avg −0.003%

Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

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	0.05721	−0.0152	get 0.0019% / 1h	26m 21s	$942K	$368K	5x
Short	BingX WLFI-USDC	0.05720	0.0100	get 0.0050% / 4h	2h 26m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $52.92
Price spread: −0.017% → −0.003%: −$1.45
Slippage, 4 orders: −$43.68
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.21
Costs to cover: 0.537%
Break-even: 7.3 days

Slippage from Lighter: live order book, 59 min ago; BingX: 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 Lighter live order book, 59 min ago	7.87 bp	8.5 bp −$8	20.4 bp −$204	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.50 bp	16.0 bp −$16	66.1 bp −$661	471.1 bp −$47.1K	966.9 bp −$483.4K

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	−0.0589%	1h	0.05728	+0.115%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0243%	4h	0.05722	+0.024%	$1.6M	$567K	20x	as long as short
Lighter WLFIlong	−0.0152%	1h	0.05721	long leg	$942K	$368K	5x
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.017%	$6K	$64K	5.5x	as long as short
OKX WLFI-USDT-SWAP	−0.0003%	4h	0.05722	+0.017%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05716	−0.093%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.672%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05731	+0.175%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05724	+0.059%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0047%	8h	0.05725	+0.067%	$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	+0.0080%	1h	0.05727	+0.105%	$4K	$319	3x	as long as short
Variational Omni WLFI	+0.0092%	4h	0.05711	−0.171%	$442K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05722	+0.009%	$79K	$27K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05721	−0.007%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05723	+0.033%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05727	+0.107%	$137.0M	$38.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05723	+0.035%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05728	+0.122%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05724	+0.052%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05726	+0.087%	$15.0M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05725	+0.070%	$3.2M	$933K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	+0.070%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDCshort	+0.0100%	4h	0.05720	−0.017%	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05724	+0.052%	$238K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05726	+0.082%	$276K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.017%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.157%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05726	+0.087%	$117	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05722	+0.015%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05735	+0.245%	$33K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05726	+0.087%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05726	+0.089%	$14K	—	100x	as long as short