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 +0.036%

Price spread now: Paradex against Lighter+0.075%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.075% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05730	0.0096	pay 0.0012% / 1h	59m 59s	$1.0M	$476K	5x
Short	Paradex WLFI-USD-PERP	0.05734	0.0100	get 0.0100% / 8h	6h 59m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0.77
Price spread: +0.075% → 0.000%: $7.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $4.3
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

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, 1 min ago	7.85 bp	7.9 bp −$8	24.0 bp −$240	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.035%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0096%	1h	0.05739	+0.157%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.508%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05736	+0.112%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.244%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0057%	1h	0.05740	+0.175%	$10K	$4K	5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05730	long leg	$1.0M	$476K	5x
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05739	+0.157%	$521	$11K	10x	as long as short
Paradex WLFI-USD-PERPshort	+0.0100%	8h	0.05734	+0.075%	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05737	+0.131%	$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	0.05734	+0.063%	$10.5M	$1.2M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05733	+0.053%	$1.6M	$549K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05737	+0.126%	$245K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05737	+0.115%	$138.2M	$43.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05733	+0.052%	$21.1M	$19.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05732	+0.035%	$7.7M	$14.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05738	+0.138%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05735	+0.087%	$3.4M	$3.3M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05739	+0.157%	$13.7M	$20.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05740	+0.175%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05734	+0.070%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05737	+0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.087%	$234K	$33K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05736	+0.112%	$447K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	+0.340%	$288K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.175%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.349%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05738	+0.140%	$107	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05732	+0.033%	$172K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05737	+0.117%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05746	+0.279%	$4.8M	$98K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2364%	1h	0.05734	+0.073%	$96K	$134K	20x	as long as short