Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h —

Price spread now: Reya against Lighter+5.930%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 5.930% dearer against Lighter than usual: you sell high and buy low: +$593 more if the spread 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	0.05707	−0.0176	get 0.0022% / 1h	7m 44s	$941K	$370K	5x
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	7m 44s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +5.930%Rate

Funding earned: $36.96
Price spread: +5.930% → 0.000%: $593.02
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $623.98
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter: live order book, 13 min ago; Reya: 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, 13 min ago	6.99 bp	8.2 bp −$8	24.3 bp −$243	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_WLFIUSD	−0.0591%	1h	0.05713	+0.104%	$73K	$88K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0275%	1h	0.05715	+0.140%	$10K	$624	10x	as long as short
Aster WLFIUSDT	−0.0241%	4h	0.05709	+0.038%	$1.6M	$568K	20x	as long as short
Lighter WLFIlong	−0.0176%	1h	0.05707	long leg	$941K	$370K	5x
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.263%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05712	+0.093%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+5.930%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05714	+0.130%	$312	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0009%	4h	0.05707	0.000%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0037%	8h	0.05710	+0.050%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0064%	1h	0.05713	+0.105%	$4K	$319	3x	as long as short
Hyperliquid WLFI	+0.0081%	1h	0.05708	+0.012%	$10.5M	$1.2M	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05709	+0.035%	$79K	$27K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05709	+0.042%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05713	+0.097%	$136.6M	$38.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05706	−0.018%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	+0.154%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05711	+0.070%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05712	+0.088%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05714	+0.123%	$3.3M	$966K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05708	+0.018%	$7.9M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05714	+0.123%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05713	+0.105%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	+0.138%	$442K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05729	+0.388%	$274K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	+0.053%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.228%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05712	+0.088%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05707	−0.005%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.526%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05715	+0.140%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05714	+0.126%	$14K	—	100x	as long as short