WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h −0.021%

Price spread now: Lighter against Hyperliquid−0.025%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.025%, 7d avg +0.005%

Together, before fees−0.028%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLFI	0.05701	0.0067	pay 0.0008% / 1h	4m 30s	$10.5M	$1.2M	5x
Short	Lighter WLFI	0.05700	−0.0192	pay 0.0024% / 1h	4m 30s	$940K	$370K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$54.37
Price spread: −0.025% → +0.005%: −$2.92
Slippage, 4 orders: −$26.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$92.67
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Lighter: live order book, 16 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 Hyperliquid live order book, 8 min ago	0.87 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 16 min ago	6.99 bp	7.1 bp −$7	23.4 bp −$234	doesn't fit	doesn't fit

WLFI on 31 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
Kraken Futures PF_WLFIUSD	−0.0591%	1h	0.05709	+0.133%	$73K	$88K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0275%	1h	0.05713	+0.203%	$10K	$624	10x	as long as short
Aster WLFIUSDT	−0.0269%	4h	0.05708	+0.116%	$1.6M	$568K	20x	as long as short
Lighter WLFIshort	−0.0192%	1h	0.05700	−0.025%	$940K	$370K	5x
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.361%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05712	+0.192%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+6.034%	—	—	—	as long as short
OKX WLFI-USDT-SWAP	+0.0002%	4h	0.05704	+0.046%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0018%	8h	0.05706	+0.076%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0056%	1h	0.05708	+0.116%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIlong	+0.0067%	1h	0.05701	long leg	$10.5M	$1.2M	5x
Variational Omni WLFI	+0.0100%	4h	0.05703	+0.032%	$441K	$30K	—	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05704	+0.037%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05705	+0.060%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05708	+0.116%	$136.5M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05702	+0.011%	$20.4M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05710	+0.154%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05705	+0.063%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05705	+0.063%	$14.8M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05708	+0.116%	$3.2M	$973K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05705	+0.063%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05705	+0.063%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05706	+0.081%	$237K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.325%	$273K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	+0.151%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05710	+0.151%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05709	+0.133%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05703	+0.026%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.624%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05707	+0.098%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05712	+0.186%	$4.7M	$74K	75x	as long as short