Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.082%

Price spread now: Lighter against BloFin−0.156%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.156%, 7d avg −0.086%

Together, before fees−0.172%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.070% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLFI-USDT	0.05768	0.0340	pay 0.0170% / 4h	1h 41m	$4.8M	$85K	75x
Short	Lighter WLFI	0.05759	0.0096	get 0.0012% / 1h	41m 07s	$1.0M	$459K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$51.24
Price spread: −0.156% → −0.086%: −$7.04
Slippage, 4 orders: −$34.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.93
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Lighter: 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 BloFin live order book, 2 min ago	1.74 bp	14.7 bp −$15	26.9 bp −$269	86.9 bp −$8,689	doesn't fit
Sell Lighter live order book, 4 min ago	6.08 bp	9.3 bp −$9	27.0 bp −$270	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
Coinbase International WLFI-PERP-INTX	−0.0312%	1h	0.05737	−0.537%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.809%	—	—	—	as long as short
dYdX WLFI-USD	+0.0004%	1h	0.05765	−0.044%	$11K	$943	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05762	−0.096%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.902%	$6K	$77K	5.5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05759	−0.156%	$1.0M	$459K	5x
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05761	−0.116%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05757	−0.191%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05762	−0.101%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05762	−0.111%	$1.6M	$535K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05762	−0.109%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05769	+0.009%	$139.2M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05757	−0.191%	$21.0M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05762	−0.104%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	−0.052%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05763	−0.087%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05768	0.000%	$13.7M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05763	−0.087%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05761	−0.121%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05761	−0.121%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05766	−0.035%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05753	−0.252%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05763	−0.087%	$275K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.139%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.052%	$82	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05761	−0.117%	$173K	$737K	10x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05768	0.000%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05764	−0.071%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0307%	1h	0.05766	−0.032%	$97K	$90K	20x	as long as short
BloFin WLFI-USDTlong	+0.0340%	4h	0.05768	long leg	$4.8M	$85K	75x
Deribit WLFI_USDC-PERPETUAL	+0.0444%	1h	0.05769	+0.017%	$524	$11K	10x	as long as short