Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.045%

Price spread now: Lighter against Gate−0.069%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.109%−$11 · spread now −0.069%, 7d avg −0.039%

Together, before fees−0.175%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.031% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLFI_USDT	0.05771	0.0100	pay 0.0050% / 4h	11m 19s	$3.5M	$3.1M	75x
Short	Lighter WLFI	0.05767	0.0096	get 0.0012% / 1h	11m 19s	$1.0M	$467K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.84
Price spread: −0.069% → −0.039%: −$3.08
Slippage, 4 orders: −$42.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$61.83
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 9 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 Gate live order book, 2 min ago	2.60 bp	17.1 bp −$17	30.8 bp −$308	67.0 bp −$6,700	doesn't fit
Sell Lighter live order book, 9 min ago	5.22 bp	6.3 bp −$6	20.8 bp −$208	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	−0.0328%	1h	0.05732	−0.676%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.759%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05770	−0.016%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.953%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0068%	1h	0.05770	−0.015%	$11K	$943	5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05767	−0.069%	$1.0M	$467K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05770	−0.018%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05770	−0.009%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	−0.016%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05772	+0.012%	$1.6M	$533K	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	0.05772	+0.010%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05776	+0.087%	$139.4M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05768	−0.052%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05770	−0.017%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05774	+0.049%	$7K	$8K	5x	as long as short
Gate WLFI_USDTlong	+0.0100%	4h	0.05771	long leg	$3.5M	$3.1M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05776	+0.087%	$13.5M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05774	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05769	−0.035%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05773	+0.035%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05775	+0.069%	$234K	$30K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05758	−0.232%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05768	−0.054%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.191%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.156%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05773	+0.035%	$97	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05769	−0.033%	$174K	$1.0M	10x	as long as short
BloFin WLFI-USDT	+0.0122%	4h	0.05777	+0.104%	$4.8M	$91K	75x	as long as short
01 Exchange WLFIUSD	+0.0248%	1h	0.05774	+0.052%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05772	+0.019%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05788	+0.286%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0616%	1h	0.05778	+0.121%	$524	$11K	10x	as long as short