Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against HTX+0.226%7-day average −0.471% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$1451.446% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)−0.692%−$69 · spread now +0.226%, 7d avg −0.471%

Together, before fees−0.881%+ Points / potential airdropLighter: Season 3 · farm board−$88 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: Lighter is 0.697% dearer against HTX than usual: you sell high and buy low, +$70 on $10k if it goes back to its 7-day average of −0.471%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2522	0.0100	pay 0.0050% / 4h	3h 22m	$167K	$735K	75x
Short	Lighter WIF	0.2528	0.0096	get 0.0012% / 1h	22m 00s	$145K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.226%Rate

Funding earned: −$0.84
Price spread: +0.226% → −0.471%: $69.67
Slippage, 4 orders: −$132.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$75.77
Costs to cover: 1.446%
Break-even: never at this rate

Slippage from HTX: live order book, 32 min ago; Lighter: live order book, 24 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 HTX live order book, 32 min ago	1.96 bp	43.8 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 24 min ago	4.66 bp	9.0 bp −$9	57.5 bp −$575	doesn't fit	doesn't fit

WIF 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
BloFin WIF-USDT	−0.0195%	4h	0.2530	+0.317%	$1.1M	$901K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2522	−0.018%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2526	+0.172%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+1.308%	$11K	$10K	12x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2528	+0.226%	$145K	$652K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2521	−0.040%	$52K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2524	+0.084%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2523	+0.050%	$78K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2524	+0.081%	$20.1M	$129.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2523	+0.036%	$17.3M	$42.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2522	0.000%	$6.1M	$38.7M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2525	+0.119%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2525	+0.119%	$23.5M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2525	+0.119%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2523	+0.040%	$7.7M	$14.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2524	+0.079%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2525	+0.107%	$77K	$305K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2551	+1.151%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2546	+0.941%	$292K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2561	+1.546%	$47K	$626K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2526	+0.159%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2523	+0.040%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2526	+0.178%	$590	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2522	long leg	$167K	$735K	75x
Extended WIF-USD	+0.0104%	1h	0.2524	+0.072%	$12K	$129K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2525	+0.106%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0113% / S +0.0020%	1h	0.2525	+0.130%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0146%	1h	0.2526	+0.159%	$39K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2528	+0.238%	$348K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0364%	1h	0.2527	+0.194%	$658K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2524	+0.083%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0591%	1h	0.2532	+0.393%	$8.4M	$5.2M	5x	as long as short