Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.045%

Price spread now: MEXC against Lighter+0.138%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days+0.066%+$7 · spread now +0.138%, 7d avg +0.109%

Together, before fees+0.165%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.030% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05780	0.0096	pay 0.0012% / 1h	58m 01s	$1.0M	$458K	5x
Short	MEXC WLFI_USDT	0.05788	0.0100	get 0.0050% / 4h	1h 58m	$13.8M	$20.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0.84
Price spread: +0.138% → +0.109%: $2.99
Slippage, 4 orders: −$18.06
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.24
Costs to cover: 0.181%
Break-even: 125.7 days

Slippage from Lighter: live order book, 3 min ago; MEXC: live order book, 1 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, 3 min ago	6.93 bp	6.9 bp −$7	26.5 bp −$265	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.86 bp	0.9 bp −$1	5.8 bp −$58	47.7 bp −$4,766	102.9 bp −$51.5K

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	−0.0312%	1h	0.05737	−0.744%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05780	−0.003%	$11K	$943	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.598%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05783	+0.043%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.107%	$6K	$77K	5.5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05780	long leg	$1.0M	$458K	5x
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05782	+0.029%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	+0.043%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05782	+0.036%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05784	+0.073%	$1.6M	$556K	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	0.05782	+0.035%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05789	+0.152%	$139.7M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05780	0.000%	$21.0M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05783	+0.052%	$7.7M	$13.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05788	+0.147%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05785	+0.087%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05788	+0.138%	$13.8M	$20.0M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05782	+0.035%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05782	+0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05784	+0.069%	—	$7.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05774	−0.096%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	+0.001%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	0.000%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.173%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	+0.087%	$85	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05781	+0.014%	$176K	$735K	10x	as long as short
Backpack WLFI_USDC_PERP	+0.0138%	1h	0.05786	+0.104%	$241K	$26K	10x	as long as short
01 Exchange WLFIUSD	+0.0280%	1h	0.05791	+0.190%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05784	+0.066%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05785	+0.094%	$97K	$90K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05790	+0.173%	$4.8M	$86K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0441%	1h	0.05789	+0.156%	$525	$11K	10x	as long as short