WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.023%

Price spread now: Kraken Futures against Lighter+0.202%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.202%, 7d avg +0.022%

Together, before fees−0.216%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.180% dearer against Lighter than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.022%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2500	0.0096	pay 0.0012% / 1h	24m 48s	$143K	$588K	10x
Short	Kraken Futures PF_WIFUSD	0.2505	0.0039	get 0.0005% / 1h	24m 48s	$657K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$12.05
Price spread: +0.202% → +0.022%: $17.95
Slippage, 4 orders: −$59.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$63.49
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Lighter: live order book, 41 min ago; Kraken Futures: live order book, 4 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 Lighter live order book, 41 min ago	5.31 bp	9.1 bp −$9	61.0 bp −$610	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.06 bp	26.4 bp −$26	44.8 bp −$448	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
Backpack WIF_USDC_PERP	−0.0284%	1h	0.2502	+0.104%	$76K	$254K	10x	as long as short
Gate WIF_USDT	−0.0134%	4h	0.2500	+0.016%	$1.3M	$7.2M	50x	as long as short
KuCoin WIFUSDTM	−0.0036%	4h	0.2501	+0.056%	$4.5M	$12.1M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2500	−0.004%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2505	+0.216%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2503	+0.156%	$12K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.184%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0039%	1h	0.2505	+0.202%	$657K	$2.2M	50x
Lighter WIFlong	+0.0096%	1h	0.2500	long leg	$143K	$588K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2502	+0.096%	$57K	$484K	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	+0.0097%	4h	0.2503	+0.136%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2504	+0.177%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2499	−0.017%	$77K	$52K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2499	−0.041%	$19.3M	$107.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2496	−0.136%	$17.3M	$36.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2497	−0.104%	$6.0M	$33.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2498	−0.064%	$22.6M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2503	+0.136%	$7.7M	$12.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2495	−0.184%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2497	−0.100%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2490	−0.385%	$281K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2492	−0.304%	$43K	$631K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2499	−0.024%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2504	+0.172%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2505	+0.216%	$172K	$745K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2500	+0.013%	$10K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2503	+0.142%	$84K	$85	3x	as long as short
Hyperliquid WIF	+0.0185%	1h	0.2505	+0.228%	$8.0M	$4.2M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2504	+0.165%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2506	+0.256%	$337K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2501	+0.056%	$1.0M	$709K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2502	+0.101%	$1	—	15x	as long as short