Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.039%

Price spread now: OKX against Lighter+0.052%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.052%, 7d avg +0.011%

Together, before fees+0.121%+ Points / potential airdropLighter: Season 3 · farm board+$12 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: OKX is 0.041% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05733	0.0096	pay 0.0012% / 1h	2m 18s	$1.1M	$476K	5x
Short	OKX WLFI-USDT-SWAP	0.05736	0.0100	get 0.0050% / 4h	3h 02m	$7.7M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0.84
Price spread: +0.052% → +0.011%: $4.13
Slippage, 4 orders: −$32.13
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.16
Costs to cover: 0.421%
Break-even: 316.6 days

Slippage from Lighter: live order book, 3 min ago; OKX: 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	7.84 bp	7.8 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.87 bp	9.2 bp −$9	28.3 bp −$283	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
Coinbase International WLFI-PERP-INTX	−0.0536%	1h	0.05732	−0.017%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0096%	1h	0.05745	+0.209%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.452%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05739	+0.113%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.297%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0059%	1h	0.05746	+0.227%	$10K	$4K	5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05733	long leg	$1.1M	$476K	5x
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05741	+0.140%	$521	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05744	+0.195%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05744	+0.201%	$83K	$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	0.05741	+0.140%	$10.5M	$1.2M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05738	+0.085%	$1.6M	$549K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05744	+0.187%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05740	+0.130%	$138.2M	$43.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05736	+0.052%	$21.1M	$19.7M	75x	as long as short
OKX WLFI-USDT-SWAPshort	+0.0100%	4h	0.05736	+0.052%	$7.7M	$14.0M	50x
Arcus WLFI-USD	+0.0100%	1h	0.05744	+0.192%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05737	+0.070%	$3.4M	$3.3M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05738	+0.087%	$13.7M	$20.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05747	+0.244%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05739	+0.105%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05740	+0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05746	+0.227%	$234K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05745	+0.202%	$448K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.288%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.122%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.297%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05739	+0.105%	$110	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05736	+0.052%	$172K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05736	+0.058%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05751	+0.314%	$4.8M	$98K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2357%	1h	0.05751	+0.311%	$97K	$133K	20x	as long as short