Funding you earn now, next payment 05:00 UTC+0.0213%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.034%
Price spread now: Deribit against Lighter+0.121%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.121% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLFI | 0.05772 | 0.0056 | pay 0.0007% / 1h | 0m 03s | $1.0M | $451K | 5x |
| Short | Deribit WLFI_USDC-PERPETUAL | 0.05779 | 0.0269 | get 0.0034% / 1h | 0m 03s | $525 | $11K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $44.81
- Price spread: +0.121% → 0.000%
- $12.13
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $49.94
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 1 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 6.94 bp | 9.7 bp −$10 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06046 | +4.741% | — | — | — | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05775 | +0.044% | $316 | — | 150x | as long as short |
| dYdX WLFI-USD | +0.0021% | 1h | 0.05769 | −0.044% | $11K | $954 | 5x | as long as short |
| Injective WLFI/USDC PERP | +0.0033% | 1h | 0.05716 | −0.970% | $6K | $77K | 5.5x | as long as short |
| Coinbase International WLFI-PERP-INTX | +0.0048% | 1h | 0.05737 | −0.606% | $32K | $15K | 50x | as long as short |
| Lighter WLFIlong | +0.0056% | 1h | 0.05772 | long leg | $1.0M | $451K | 5x | |
| Paradex WLFI-USD-PERP | +0.0097% | 8h | 0.05770 | −0.041% | $2K | $118 | 5x | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05769 | −0.048% | $82K | $24K | 5x | as long as short |
| Hyperliquid WLFI | +0.0100% | 1h | 0.05777 | +0.087% | $10.5M | $1.3M | 5x | as long as short |
| Aster WLFIUSDT | +0.0100% | 4h | 0.05777 | +0.087% | $1.6M | $583K | 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 | 0.05768 | −0.073% | $246K | $14K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05781 | +0.158% | $139.4M | $42.3M | 75x | as long as short |
| Bybit WLFIUSDT | +0.0100% | 4h | 0.05777 | +0.087% | $21.1M | $19.3M | 75x | as long as short |
| OKX WLFI-USDT-SWAP | +0.0100% | 4h | 0.05775 | +0.052% | $7.7M | $13.5M | 50x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05773 | +0.019% | $7K | $8K | 5x | as long as short |
| Gate WLFI_USDT | +0.0100% | 4h | 0.05780 | +0.139% | $3.5M | $3.1M | 75x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05781 | +0.156% | $13.7M | $20.8M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05780 | +0.139% | $3.3M | $1.1M | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05775 | +0.052% | $7.9M | $3.5M | 75x | as long as short |
| BingX WLFI-USDC | +0.0100% | 4h | 0.05770 | −0.035% | — | $2.3M | — | as long as short |
| Backpack WLFI_USDC_PERP | +0.0100% | 1h | 0.05781 | +0.156% | $240K | $26K | 10x | as long as short |
| Variational Omni WLFI | +0.0100% | 4h | 0.05766 | −0.095% | $450K | $40K | — | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05800 | +0.485% | $282K | $1.8M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05770 | −0.035% | $33K | $38K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05780 | +0.139% | $39K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05777 | +0.087% | $96 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05774 | +0.034% | $133K | $682K | 10x | as long as short |
| 01 Exchange WLFIUSD | +0.0160% | 1h | 0.05775 | +0.052% | $4K | $319 | 3x | as long as short |
| Deribit WLFI_USDC-PERPETUALshort | +0.0269% | 1h | 0.05779 | +0.121% | $525 | $11K | 10x | |
| GMX WLFI/USD [ETH-USDC] | L +0.0298% / S −0.1279% | 1h | 0.05774 | +0.026% | $7K | — | 100x | as long as short |
| Kraken Futures PF_WLFIUSD | +0.0340% | 1h | 0.05779 | +0.125% | $97K | $91K | 20x | as long as short |
| BloFin WLFI-USDT | +0.0340% | 4h | 0.05775 | +0.052% | $4.8M | $87K | 75x | as long as short |
Lighter WLFI
Deribit WLFI_USDC-PERPETUAL
gTrade (Gains Network) WLFI/USD
Injective WLFI/USDC PERP
Coinbase International WLFI-PERP-INTX
Paradex WLFI-USD-PERP
Hyperliquid WLFI
Aster WLFIUSDT
Pacifica WLFI
Binance WLFIUSDT
Bybit WLFIUSDT
OKX WLFI-USDT-SWAP
Gate WLFI_USDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDC
Backpack WLFI_USDC_PERP
Variational Omni WLFI
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
01 Exchange WLFIUSD
GMX WLFI/USD [ETH-USDC]
Kraken Futures PF_WLFIUSD
BloFin WLFI-USDT