Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.009%

Price spread now: Lighter against Aster−0.190%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.190%, 7d avg −0.036%

Together, before fees+0.397%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.155% cheaper against Aster than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.224%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLFIUSDT	0.05746	−0.0049	get 0.0025% / 4h	15m 48s	$1.6M	$574K	20x
Short	Lighter WLFI	0.05735	−0.0080	pay 0.0010% / 1h	15m 48s	$1.0M	$441K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$6.49
Price spread: −0.190% → −0.036%: −$15.49
Slippage, 4 orders: −$31.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.3
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 5 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 Aster live order book, 2 min ago	1.74 bp	6.7 bp −$7	29.8 bp −$298	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	6.10 bp	11.4 bp −$11	24.1 bp −$241	doesn't fit	doesn't fit

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
Lighter WLFIshort	−0.0080%	1h	0.05735	−0.190%	$1.0M	$441K	5x
Aster WLFIUSDTlong	−0.0049%	4h	0.05746	long leg	$1.6M	$574K	20x
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−0.156%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.216%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05747	+0.027%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.521%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0068%	4h	0.05742	−0.060%	$448K	$40K	—	as long as short
Paradex WLFI-USD-PERP	+0.0087%	8h	0.05743	−0.048%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05750	+0.071%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05744	−0.025%	$81K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05742	−0.077%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05741	−0.081%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05744	−0.026%	$138.3M	$41.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05738	−0.138%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05739	−0.121%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05746	−0.006%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05743	−0.051%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.053%	$13.7M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05751	+0.088%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05742	−0.069%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05745	−0.016%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	+0.018%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	−0.104%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	−0.277%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.071%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	+0.053%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05744	−0.026%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05748	+0.036%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05750	+0.065%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0186%	1h	0.05734	−0.209%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	−0.020%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05744	−0.034%	$4.8M	$86K	75x	as long as short