Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.044%

Price spread now: Lighter against Binance−0.134%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.134%, 7d avg −0.110%

Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.025% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.110%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLFIUSDT	0.05720	0.0100	pay 0.0050% / 4h	39m 53s	$137.7M	$40.7M	75x
Short	Lighter WLFI	0.05712	−0.0064	pay 0.0008% / 1h	39m 53s	$1.0M	$437K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$34.44
Price spread: −0.134% → −0.110%: −$2.47
Slippage, 4 orders: −$27.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$74.5
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 11 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 Binance live order book, 3 min ago	0.88 bp	10.3 bp −$10	19.6 bp −$196	125.9 bp −$12.6K	doesn't fit
Sell Lighter live order book, 11 min ago	7.01 bp	9.5 bp −$10	25.5 bp −$255	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	−0.0064%	1h	0.05712	−0.134%	$1.0M	$437K	5x
Aster WLFIUSDT	−0.0055%	4h	0.05716	−0.071%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.303%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05721	+0.022%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.697%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05720	+0.005%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.064%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0084%	8h	0.05719	−0.009%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0099%	1h	0.05725	+0.093%	$520	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05720	+0.014%	$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	0.05716	−0.070%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05721	+0.025%	$245K	$13K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05720	long leg	$137.7M	$40.7M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05713	−0.117%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05716	−0.064%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05727	+0.123%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05718	−0.030%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05718	−0.030%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05718	−0.030%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05715	−0.082%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05716	−0.064%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05721	+0.023%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05710	−0.162%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05713	−0.112%	$274K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.169%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.180%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05721	+0.023%	$107	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05714	−0.099%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05724	+0.075%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05723	+0.055%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05722	+0.049%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05723	+0.058%	$4.8M	$84K	75x	as long as short