Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.040%

Price spread now: Lighter against MEXC−0.139%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.139%, 7d avg −0.080%

Together, before fees−0.051%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.059% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLFI_USDT	0.05755	0.0100	pay 0.0050% / 4h	2h 03m	$13.8M	$22.1M	100x
Short	Lighter WLFI	0.05747	−0.0072	pay 0.0009% / 1h	3m 32s	$1.0M	$415K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$36.12
Price spread: −0.139% → −0.080%: −$5.92
Slippage, 4 orders: −$19.38
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.42
Costs to cover: 0.194%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 7 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 MEXC live order book, 5 min ago	0.87 bp	0.9 bp −$1	4.6 bp −$46	60.9 bp −$6,090	124.6 bp −$62.3K
Sell Lighter live order book, 7 min ago	6.09 bp	10.8 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit

WLFI on 31 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	−0.0330%	1h	0.05750	−0.085%	$99K	$85K	20x	as long as short
Lighter WLFIshort	−0.0072%	1h	0.05747	−0.139%	$1.0M	$415K	5x
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.313%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05750	−0.088%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.045%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05751	−0.074%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.678%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0051%	4h	0.05752	−0.049%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05751	−0.074%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05754	−0.017%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05755	0.000%	$522	$11K	10x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05751	−0.073%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05752	−0.054%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05756	+0.017%	$138.2M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05750	−0.087%	$21.1M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05748	−0.122%	$7.7M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05757	+0.030%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05752	−0.052%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDTlong	+0.0100%	4h	0.05755	long leg	$13.8M	$22.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05752	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05749	−0.104%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05748	−0.122%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05753	−0.035%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05745	−0.165%	$449K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.087%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−0.087%	$33K	$39K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05750	−0.087%	$81K	$23K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.087%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05752	−0.052%	$124	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05747	−0.146%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05753	−0.035%	$3K	—	100x	as long as short