Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.045%

Price spread now: Bybit against Lighter+0.035%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.073%+$7 · spread now +0.035%, 7d avg +0.023%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05776	0.0096	pay 0.0012% / 1h	20m 01s	$1.0M	$458K	5x
Short	Bybit WLFIUSDT	0.05778	0.0100	get 0.0050% / 4h	2h 20m	$21.1M	$19.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0.84
Price spread: +0.035% → +0.023%: $1.15
Slippage, 4 orders: −$26.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.51
Costs to cover: 0.375%
Break-even: 302.9 days

Slippage from Lighter: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago	6.06 bp	7.7 bp −$8	29.1 bp −$291	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.87 bp	11.3 bp −$11	32.7 bp −$327	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	−0.0144%	1h	0.05737	−0.675%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.670%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05780	+0.069%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.039%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0038%	1h	0.05778	+0.043%	$11K	$943	5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05776	long leg	$1.0M	$458K	5x
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05780	+0.063%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05779	+0.043%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05779	+0.043%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05781	+0.087%	$1.6M	$580K	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	0.05783	+0.119%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05784	+0.145%	$139.5M	$42.8M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05778	+0.035%	$21.1M	$19.4M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05778	+0.035%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05783	+0.130%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05780	+0.069%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05784	+0.139%	$13.8M	$20.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05784	+0.139%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	+0.087%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05782	+0.104%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05782	+0.104%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05778	+0.043%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05787	+0.185%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.069%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.242%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05782	+0.104%	$83	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05777	+0.015%	$176K	$735K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05784	+0.139%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05781	+0.095%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05786	+0.173%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05781	+0.083%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0442%	1h	0.05785	+0.156%	$525	$11K	10x	as long as short