Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0061%/8hnext payment +$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: gTrade (Gains Network) against Lighter+0.184%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.184% dearer against Lighter than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05728	−0.0056	get 0.0007% / 1h	23m 38s	$944K	$356K	5x
Short	gTrade (Gains Network) WLFI/USD	0.05739	L +0.0005% / S −0.0005%	get 0.0001% / 1h	23m 38s	$314	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.184%Rate

Funding earned: $12.74
Price spread: +0.184% → 0.000%: $18.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $21.14
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Lighter live order book, 6 min ago	5.26 bp	8.1 bp −$8	24.0 bp −$240	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster WLFIUSDT	−0.0448%	4h	0.05736	+0.138%	$1.6M	$566K	20x	as long as short
Kraken Futures PF_WLFIUSD	−0.0367%	1h	0.05737	+0.159%	$72K	$95K	20x	as long as short
OKX WLFI-USDT-SWAP	−0.0076%	4h	0.05726	−0.035%	$7.5M	$12.3M	50x	as long as short
Lighter WLFIlong	−0.0056%	1h	0.05728	long leg	$944K	$356K	5x
Paradex WLFI-USD-PERP	−0.0008%	8h	0.05734	+0.107%	$2K	$108	5x	as long as short
Variational Omni WLFI	−0.0008%	4h	0.05716	−0.201%	$447K	$25K	—	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05740	+0.218%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.540%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05737	+0.157%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USDshort	L +0.0005% / S −0.0005%	1h	0.05739	+0.184%	$314	—	150x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLFI/USDC PERP	+0.0033%	1h	0.05685	−0.751%	$6K	$37K	5.5x	as long as short
Hyperliquid WLFI	+0.0063%	1h	0.05728	0.000%	$10.5M	$1.2M	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05741	+0.227%	$4K	$319	3x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05730	+0.035%	$243K	$9K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05734	+0.109%	$137.2M	$38.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05729	+0.017%	$20.6M	$16.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05743	+0.262%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05735	+0.122%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05733	+0.087%	$14.0M	$20.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05738	+0.175%	$3.2M	$953K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05729	+0.017%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05733	+0.087%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05737	+0.157%	$241K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05711	−0.305%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.314%	$33K	$44K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05738	+0.172%	$80K	$29K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.209%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05737	+0.157%	$125	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05729	+0.017%	$132K	$490K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05740	+0.209%	$4.8M	$70K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0342% / S −0.0695%	1h	0.05737	+0.150%	$3K	—	100x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0456%	1h	0.05697	−0.541%	$32K	$16K	50x	as long as short