WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.071%

Price spread now: GMX against Lighter−0.350%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.350% cheaper against Lighter than usual: you would sell low and buy high (−$35 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	Lighter WIF	0.2463	0.0096	pay 0.0012% / 1h	2m 19s	$146K	$596K	10x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2455	L +0.0184% / S −0.0046%	get 0.0006% / 1h	2m 19s	$8K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.350%Rate

Funding earned: −$10.5
Price spread: −0.350% → 0.000%: −$34.95
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$57.45
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 63 min ago; GMX: no order-book sample. 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, 63 min ago	5.31 bp	9.1 bp −$9	61.0 bp −$610	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

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
Gate WIF_USDT	−0.0216%	4h	0.2452	−0.455%	$1.2M	$7.3M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0157%	1h	0.2454	−0.373%	$48K	$289K	25x	as long as short
Backpack WIF_USDC_PERP	−0.0132%	1h	0.2459	−0.191%	$76K	$257K	10x	as long as short
KuCoin WIFUSDTM	−0.0072%	4h	0.2451	−0.495%	$4.5M	$12.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2462	−0.066%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2454	−0.356%	$793	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.276%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	+0.0039%	1h	0.2454	−0.386%	$640K	$2.3M	50x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2463	long leg	$146K	$596K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2451	−0.495%	$55K	$496K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2454	−0.373%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2453	−0.408%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2462	−0.058%	$76K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2454	−0.373%	$18.7M	$109.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2453	−0.414%	$16.9M	$37.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2453	−0.414%	$5.9M	$33.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2452	−0.455%	$22.2M	$11.2M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2453	−0.414%	$7.4M	$12.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2450	−0.536%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2475	+0.481%	$73K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2469	+0.227%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2469	+0.235%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2448	−0.617%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	−0.467%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2447	−0.658%	$167K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2452	−0.457%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2454	−0.382%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0178%	1h	0.2454	−0.361%	$7.9M	$4.5M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L +0.0184% / S −0.0046%	1h	0.2455	−0.350%	$8K	—	100x
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2453	−0.414%	$321K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2461	−0.089%	$1.0M	$696K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2452	−0.470%	$0	—	15x	as long as short