Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.082%

Price spread now: BloFin against Lighter+0.104%90s7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$440.442% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.104%, 7d avg +0.083%

Together, before fees+0.228%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.083%. The two prices were read 90 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	Lighter WLFI	0.05778	0.0096	pay 0.0012% / 1h	13m 53s	$1.0M	$459K	5x
Short	BloFin WLFI-USDT	0.05784	0.0340	get 0.0170% / 4h	2h 13m	$4.8M	$87K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $51.24
Price spread: +0.104% → +0.083%: $2.05
Slippage, 4 orders: −$32.21
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $9.08
Costs to cover: 0.442%
Break-even: 5.8 days

Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 5 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, 2 min ago	4.33 bp	9.6 bp −$10	28.0 bp −$280	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.87 bp	15.4 bp −$15	25.3 bp −$253	59.5 bp −$5,950	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	−0.0144%	1h	0.05737	−0.710%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.632%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05779	+0.010%	$316	—	150x	as long as short
dYdX WLFI-USD	+0.0033%	1h	0.05778	+0.008%	$11K	$943	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.073%	$6K	$77K	5.5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05778	long leg	$1.0M	$459K	5x
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05783	+0.086%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05779	+0.009%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05781	+0.052%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05782	+0.068%	$1.6M	$574K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05780	+0.040%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05789	+0.190%	$139.6M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05785	+0.121%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05783	+0.087%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05782	+0.066%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	+0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05787	+0.156%	$13.8M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05781	+0.052%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05780	+0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05782	+0.069%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05782	+0.069%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05774	−0.077%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05779	+0.022%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.035%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.208%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05781	+0.052%	$84	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05782	+0.067%	$176K	$735K	10x	as long as short
01 Exchange WLFIUSD	+0.0200%	1h	0.05783	+0.087%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05776	−0.033%	$7K	—	100x	as long as short
BloFin WLFI-USDTshort	+0.0340%	4h	0.05784	+0.104%	$4.8M	$87K	75x
Kraken Futures PF_WLFIUSD	+0.0379%	1h	0.05782	+0.076%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05785	+0.121%	$525	$11K	10x	as long as short