Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.038%

Price spread now: KuCoin against Lighter+0.174%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.174%, 7d avg +0.051%

Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.123% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05752	0.0008	pay 0.0001% / 1h	29m 58s	$990K	$397K	5x
Short	KuCoin WLFIUSDTM	0.05762	0.0100	get 0.0050% / 4h	3h 29m	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.174%Rate

Funding earned: $19.32
Price spread: +0.174% → +0.051%: $12.26
Slippage, 4 orders: −$57.17
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.6
Costs to cover: 0.692%
Break-even: 20.6 days

Slippage from Lighter: live order book, 40 min ago; KuCoin: live order book, 2 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, 40 min ago	7.87 bp	8.5 bp −$8	21.8 bp −$218	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.79 bp	27.4 bp −$27	104.9 bp −$1,049	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	−0.0109%	1h	0.05761	+0.157%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05770	+0.305%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.100%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05761	+0.156%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05759	+0.128%	$315	—	150x	as long as short
Lighter WLFIlong	+0.0008%	1h	0.05752	long leg	$990K	$397K	5x
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.626%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0037%	4h	0.05757	+0.084%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0085%	8h	0.05764	+0.209%	$2K	$108	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05761	+0.165%	$80K	$26K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05757	+0.083%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05761	+0.165%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05763	+0.191%	$138.1M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05758	+0.104%	$21.2M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05758	+0.104%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05766	+0.238%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05763	+0.191%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05758	+0.104%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05762	+0.174%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05767	+0.261%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05759	+0.122%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05760	+0.139%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05768	+0.271%	$447K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05747	−0.090%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.139%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.139%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05760	+0.139%	$113	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05757	+0.092%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05760	+0.139%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.261%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	+0.050%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05772	+0.348%	$4.8M	$77K	75x	as long as short