Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.037%

Price spread now: Gate against Lighter+0.017%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

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

costs, in and out, $10k−$540.541% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.017%, 7d avg +0.028%

Together, before fees+0.111%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05757	0.0032	pay 0.0004% / 1h	54m 36s	$965K	$386K	5x
Short	Gate WLFI_USDT	0.05758	0.0100	get 0.0050% / 4h	54m 36s	$3.4M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.017%Rate

Funding earned: $14.28
Price spread: +0.017% → +0.028%: −$1.09
Slippage, 4 orders: −$39.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.88
Costs to cover: 0.541%
Break-even: 27.0 days

Slippage from Lighter: live order book, 21 min ago; Gate: live order book, 3 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, 21 min ago	5.24 bp	10.6 bp −$11	23.0 bp −$230	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.47 bp	19.7 bp −$20	38.7 bp −$387	70.2 bp −$7,021	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	−0.0433%	1h	0.05762	+0.094%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0177%	4h	0.05761	+0.072%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	+0.037%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.008%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05761	+0.070%	$315	—	150x	as long as short
Lighter WLFIlong	+0.0032%	1h	0.05757	long leg	$965K	$386K	5x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.712%	$6K	$77K	5.5x	as long as short
OKX WLFI-USDT-SWAP	+0.0049%	4h	0.05754	−0.052%	$7.6M	$12.7M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0055%	8h	0.05758	+0.026%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05761	+0.069%	$4K	$319	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05766	+0.156%	$523	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05759	+0.029%	$79K	$30K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05760	+0.049%	$10.5M	$1.2M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05761	+0.073%	$245K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05758	+0.021%	$137.9M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05753	−0.069%	$21.1M	$17.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05762	+0.094%	$1K	$10	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05758	+0.017%	$3.4M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05764	+0.122%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	+0.104%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05755	−0.035%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05755	−0.035%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05763	+0.104%	$240K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.092%	$445K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05756	−0.024%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.052%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.226%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05763	+0.104%	$133	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05754	−0.053%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05763	+0.113%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05767	+0.174%	$4.7M	$70K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.347%	$32K	$16K	50x	as long as short