WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0324%/8h= +35.5% APRnext payment +$0.40 per $10,000 · paid last 24h +0.021%

Price spread now: Hyperliquid against Lighter+0.047%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.047%, 7d avg −0.005%

Together, before fees+0.005%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.052% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 per $10,000. 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	0.05712	−0.0224	get 0.0028% / 1h	37m 25s	$941K	$367K	5x
Short	Hyperliquid WLFI	0.05715	0.0100	get 0.0013% / 1h	37m 25s	$10.5M	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $68.04
Price spread: +0.047% → −0.005%: $5.19
Slippage, 4 orders: −$26.12
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $38.11
Costs to cover: 0.351%
Break-even: 3.1 days

Slippage from Lighter: live order book, 48 min ago; Hyperliquid: 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, 48 min ago	7.87 bp	8.5 bp −$8	20.4 bp −$204	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.44 bp	7.9 bp −$8	doesn't fit	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
Kraken Futures PF_WLFIUSD	−0.0590%	1h	0.05718	+0.097%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0254%	4h	0.05716	+0.070%	$1.6M	$568K	20x	as long as short
Lighter WLFIlong	−0.0224%	1h	0.05712	long leg	$941K	$367K	5x
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.175%	$6K	$64K	5.5x	as long as short
OKX WLFI-USDT-SWAP	−0.0011%	4h	0.05714	+0.035%	$7.5M	$12.4M	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05720	+0.147%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.838%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05720	+0.140%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05719	+0.131%	$313	—	150x	as long as short
Paradex WLFI-USD-PERP	+0.0039%	8h	0.05720	+0.143%	$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	+0.0040%	1h	0.05721	+0.158%	$4K	$319	3x	as long as short
Gate WLFI_USDT	+0.0070%	4h	0.05716	+0.070%	$3.4M	$2.8M	75x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05709	−0.061%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05714	+0.042%	$79K	$28K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05715	+0.047%	$10.5M	$1.2M	5x
Pacifica WLFI	+0.0100%	1h	0.05716	+0.063%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05720	+0.140%	$136.8M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05711	−0.018%	$20.4M	$16.8M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05722	+0.172%	$1K	$10	5x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05718	+0.105%	$14.3M	$20.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05717	+0.088%	$3.2M	$936K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05720	+0.140%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05717	+0.088%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05718	+0.105%	$238K	$32K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.141%	$276K	$2.0M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	+0.140%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.140%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05718	+0.105%	$116	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05714	+0.031%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05735	+0.403%	$33K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05724	+0.210%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05717	+0.079%	$14K	—	100x	as long as short