Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.023%

Price spread now: Lighter against Paradex−0.074%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter

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 airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.074% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex WLFI-USD-PERP	0.05720	0.0052	pay 0.0052% / 8h	2h 12m	$2K	$108	5x
Short	Lighter WLFI	0.05716	−0.0152	pay 0.0019% / 1h	12m 11s	$942K	$370K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$42.83
Price spread: −0.074% → 0.000%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.21
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 8 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	6.99 bp	7.1 bp −$7	23.4 bp −$234	doesn't fit	doesn't fit

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
Kraken Futures PF_WLFIUSD	−0.0590%	1h	0.05722	+0.029%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0221%	4h	0.05724	+0.066%	$1.6M	$567K	20x	as long as short
Lighter WLFIshort	−0.0152%	1h	0.05716	−0.074%	$942K	$370K	5x
Deribit WLFI_USDC-PERPETUAL	−0.0099%	1h	0.05724	+0.066%	$10K	$624	10x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.031%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05719	−0.023%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.686%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05721	+0.005%	$313	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0015%	4h	0.05719	−0.021%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERPlong	+0.0052%	8h	0.05720	long leg	$2K	$108	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0080%	1h	0.05721	+0.014%	$4K	$319	3x	as long as short
Hyperliquid WLFI	+0.0096%	1h	0.05717	−0.056%	$10.5M	$1.2M	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05715	−0.083%	$79K	$27K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05717	−0.056%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05721	+0.020%	$136.8M	$38.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05715	−0.091%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05723	+0.047%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05719	−0.021%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05720	−0.004%	$14.9M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05724	+0.066%	$3.3M	$966K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05717	−0.056%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05719	−0.021%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05721	+0.014%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05722	+0.035%	$443K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05727	+0.112%	$274K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−0.004%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	−0.004%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05721	+0.014%	$117	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05717	−0.057%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.293%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05722	+0.031%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0383% / S −0.2839%	1h	0.05724	+0.059%	$14K	—	100x	as long as short