Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.041%

Price spread now: Variational Omni against Lighter−0.097%7-day average −0.015% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.097%, 7d avg −0.015%

Together, before fees+0.337%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$34 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: Variational Omni is 0.082% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05773	0.0096	pay 0.0012% / 1h	41m 02s	$1.0M	$467K	5x
Short	Variational Omni WLFI	0.05767	0.0100	get 0.0050% / 4h	41m 02s	$450K	$39K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.097%Rate

Funding earned: $0.84
Price spread: −0.097% → −0.015%: −$8.24
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.4
Costs to cover: 0.000%
Break-even: 68.7 days

Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 63 min ago. 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, 5 min ago	8.67 bp	10.8 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 63 min ago	4.34 bp	doesn't fit	26.9 bp −$269	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	−0.0328%	1h	0.05732	−0.710%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.722%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05775	+0.036%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.987%	$6K	$77K	5.5x	as long as short
Lighter WLFIlong	+0.0096%	1h	0.05773	long leg	$1.0M	$467K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05775	+0.036%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05776	+0.061%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05775	+0.036%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05775	+0.033%	$1.6M	$534K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05777	+0.076%	$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	0.05781	+0.143%	$139.6M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05772	−0.017%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05775	+0.035%	$7.8M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05779	+0.104%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05775	+0.035%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05778	+0.087%	$13.7M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05778	+0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05773	0.000%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05774	+0.017%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05776	+0.052%	$234K	$31K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05767	−0.097%	$450K	$39K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05780	+0.114%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−0.052%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05790	+0.294%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05777	+0.069%	$85	$5K	5x	as long as short
BloFin WLFI-USDT	+0.0103%	4h	0.05784	+0.191%	$4.8M	$91K	75x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05775	+0.042%	$174K	$999K	10x	as long as short
dYdX WLFI-USD	+0.0134%	1h	0.05775	+0.042%	$11K	$943	5x	as long as short
01 Exchange WLFIUSD	+0.0296%	1h	0.05782	+0.156%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05774	+0.026%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05792	+0.326%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0615%	1h	0.05783	+0.173%	$525	$11K	10x	as long as short