Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Hyperliquid−0.065%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.065%, 7d avg −0.035%
=Together, before fees+0.003%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WIF | 0.2477 | 0.0212 | pay 0.0026% / 1h | 20m 30s | $8.0M | $4.7M | 5x |
| Short | Lighter WIF | 0.2475 | 0.0096 | get 0.0012% / 1h | 20m 30s | $139K | $626K | 10x |
Hyperliquid WIF
Lighter WIFFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.32
- Price spread: −0.065% → −0.035%
- −$2.95
- Slippage, 4 orders
- −$42.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.53
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Lighter: live order book, 40 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 Hyperliquid live order book, 2 min ago | 2.42 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 6.36 bp | 10.0 bp −$10 | 68.1 bp −$681 | doesn't fit | doesn't fit |
WIF 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −0.0783% | 1h | 0.2470 | −0.287% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0074% | 1h | 0.2478 | +0.045% | $643K | $2.3M | 50x | as long as short |
| Gate WIF_USDT | −0.0028% | 4h | 0.2473 | −0.166% | $1.2M | $7.5M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2474 | −0.112% | $19K | $589 | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | 0.0000% | 1h | 0.2477 | −0.004% | $49K | $276K | 25x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2477 | +0.010% | $801 | — | 150x | as long as short |
| Backpack WIF_USDC_PERP | +0.0010% | 1h | 0.2473 | −0.145% | $81K | $273K | 10x | as long as short |
| KuCoin WIFUSDTM | +0.0056% | 4h | 0.2475 | −0.085% | $4.5M | $13.1M | 75x | as long as short |
| Lighter WIFshort | +0.0096% | 1h | 0.2475 | −0.065% | $139K | $626K | 10x | |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2474 | −0.125% | $57K | $497K | 20x | as long as short |
Injective WIF/USDC PERP
Kraken Futures PF_WIFUSD
Gate WIF_USDT
dYdX WIF-USD
Deribit WIF_USDC-PERPETUAL
gTrade (Gains Network) WIF/USD
Backpack WIF_USDC_PERP
KuCoin WIFUSDTM
Popdex WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2477 | −0.004% | $5K | $1.3M | 10x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2476 | −0.053% | $35K | $278K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2474 | −0.122% | $77K | $54K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2473 | −0.158% | $18.9M | $112.7M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2471 | −0.246% | $17.0M | $38.3M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2472 | −0.206% | $5.9M | $34.8M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2473 | −0.166% | $22.1M | $11.1M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2473 | −0.166% | $7.5M | $12.5M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2477 | −0.004% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2475 | −0.083% | $75K | $70K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2480 | +0.117% | $280K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2481 | +0.157% | $43K | $628K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2474 | −0.125% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2478 | +0.028% | $566 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2478 | +0.036% | $167K | $732K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2471 | −0.253% | $8K | $158K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2477 | −0.017% | $83K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0171% / S −0.0037% | 1h | 0.2477 | −0.014% | $8K | — | 100x | as long as short |
| Hyperliquid WIFlong | +0.0212% | 1h | 0.2477 | long leg | $8.0M | $4.7M | 5x | |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2478 | +0.036% | $326K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2473 | −0.162% | $0 | — | 15x | as long as short |
Orderly PERP_WIF_USDC
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP