Settings8H · net · $10k
Funding arb · Price arb /

WLFI

all WLFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.045%
Price spread now: Pacifica against Lighter+0.083%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$740.736% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.099%+$10 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.083%, 7d avg +0.032%
Together, before fees+0.058%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.051% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter WLFI0.057880.0072pay 0.0009% / 1h8m 21s$1.0M$451K5x
ShortPacifica WLFI0.057930.0100get 0.0013% / 1h8m 21s$247K$14K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$5.88
Price spread: +0.083% → +0.032%
$5.11
Slippage, 4 orders
−$65.65
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$62.66
Costs to cover
0.736%
Break-even
81.6 days
Slippage from Lighter: live order book, 2 min ago; Pacifica: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago6.91 bp9.7 bp −$1024.5 bp −$245doesn't fitdoesn't fit
Sell Pacifica live order book, 45 min ago8.66 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit

WLFI on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya WLFIRUSDPERP0.0000%1h0.06046+4.450%as long as short
gTrade (Gains Network) WLFI/USDL +0.0005% / S −0.0005%1h0.05792+0.062%$317150xas long as short
dYdX WLFI-USD+0.0024%1h0.05793+0.086%$11K$9705xas long as short
Injective WLFI/USDC PERP+0.0033%1h0.05716−1.244%$6K$77K5.5xas long as short
Coinbase International WLFI-PERP-INTX+0.0048%1h0.05737−0.881%$32K$15K50xas long as short
Lighter WLFIlong+0.0072%1h0.05788long leg$1.0M$451K5x
Paradex WLFI-USD-PERP+0.0097%8h0.05790+0.039%$2K$1185xas long as short
Nado WLFI-PERP+0.0100%1h0.05792+0.060%$82K$24K5xas long as short
Hyperliquid WLFI+0.0100%1h0.05790+0.043%$10.6M$1.3M5xas long as short
Aster WLFIUSDT+0.0100%4h0.05791+0.049%$1.6M$579K20xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica WLFIshort+0.0100%1h0.05793+0.083%$247K$14K5x
Binance WLFIUSDT+0.0100%4h0.05796+0.137%$139.8M$42.2M75xas long as short
Bybit WLFIUSDT+0.0100%4h0.05790+0.035%$21.0M$19.2M75xas long as short
OKX WLFI-USDT-SWAP+0.0100%4h0.05791+0.052%$7.7M$13.4M50xas long as short
Arcus WLFI-USD+0.0100%1h0.05791+0.052%$7K$8K5xas long as short
Gate WLFI_USDT+0.0100%4h0.05793+0.086%$3.5M$3.1M75xas long as short
MEXC WLFI_USDT+0.0100%4h0.05794+0.104%$13.5M$20.7M100xas long as short
KuCoin WLFIUSDTM+0.0100%4h0.05793+0.086%$3.3M$1.1M75xas long as short
Bitget WLFIUSDT+0.0100%4h0.05789+0.017%$7.9M$3.5M75xas long as short
BingX WLFI-USDT+0.0100%4h0.05793+0.086%$7.3Mas long as short
Backpack WLFI_USDC_PERP+0.0100%1h0.05795+0.121%$241K$26K10xas long as short
Variational Omni WLFI+0.0100%4h0.05793+0.094%$452K$40Kas long as short
GRVT WLFI_USDT_Perp+0.0100%4h0.05810+0.380%$283K$1.8M10xas long as short
ApeX Omni WLFIUSDT+0.0100%1h0.05800+0.207%$34K$38K50xas long as short
SunX WLFI-USDT+0.0100%4h0.05800+0.207%$38K$1.7M20xas long as short
SoDEX WLFI-USD+0.0100%1h0.05794+0.104%$105$5K5xas long as short
Extended WLFI-USD+0.0104%1h0.05790+0.034%$136K$480K10xas long as short
01 Exchange WLFIUSD+0.0152%1h0.05794+0.104%$4K$3193xas long as short
Deribit WLFI_USDC-PERPETUAL+0.0268%1h0.05796+0.138%$526$11K10xas long as short
GMX WLFI/USD [ETH-USDC]L +0.0298% / S −0.1279%1h0.05793+0.083%$7K100xas long as short
Kraken Futures PF_WLFIUSD+0.0338%1h0.05797+0.163%$97K$91K20xas long as short
BloFin WLFI-USDT+0.0340%4h0.05798+0.173%$4.8M$87K75xas long as short