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 +0.045%

Price spread now: SunX against Lighter+0.190%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2192.194% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.254%+$25 · spread now +0.190%, 7d avg +0.151%

Together, before fees+0.353%+ Points / potential airdropLighter: Season 3 · farm board+$35 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: SunX is 0.039% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.151%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05779	0.0096	pay 0.0012% / 1h	46m 07s	$1.1M	$470K	5x
Short	SunX WLFI-USDT	0.05790	0.0100	get 0.0050% / 4h	3h 46m	$39K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0.84
Price spread: +0.190% → +0.151%: $3.91
Slippage, 4 orders: −$211.4
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$214.65
Costs to cover: 2.194%
Break-even: 1795.7 days

Slippage from Lighter: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago	6.06 bp	8.2 bp −$8	24.3 bp −$243	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	34.54 bp	109.8 bp −$110	doesn't fit	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	−0.813%	$21K	$27K	50x	as long as short
01 Exchange WLFIUSD	−0.0392%	1h	0.05785	+0.104%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.613%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05780	+0.022%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.090%	$6K	$77K	5.5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05779	long leg	$1.1M	$470K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05781	+0.040%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05781	+0.043%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05783	+0.065%	$1.6M	$529K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05783	+0.066%	$247K	$14K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLFIUSDT	+0.0100%	4h	0.05786	+0.121%	$139.8M	$43.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05779	0.000%	$21.1M	$19.1M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05780	+0.017%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05785	+0.102%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05782	+0.052%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05786	+0.121%	$13.6M	$19.9M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05786	+0.121%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05781	+0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05782	+0.052%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05784	+0.087%	$235K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05780	+0.009%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05782	+0.053%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05780	+0.017%	$34K	$37K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05782	+0.052%	$82K	$24K	5x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05790	+0.190%	$39K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05785	+0.104%	$111	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05779	0.000%	$177K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0232%	1h	0.05779	0.000%	$11K	$943	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0269%	1h	0.05787	+0.138%	$525	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05783	+0.069%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05789	+0.173%	$4.9M	$102K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.2342%	1h	0.05787	+0.132%	$97K	$90K	20x	as long as short