Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0311%/8hnext payment −$0.39 per $10,000 · paid last 24h −0.087%

Price spread now: Kraken Futures against Lighter+0.210%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

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

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

The price spread pays, funding is against you. Kraken Futures is 0.210% dearer against Lighter than usual: you sell high and buy low (spread +0.210% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.139% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Lighter WLFI	0.05720	−0.0056	get 0.0007% / 1h	22m 31s	$942K	$356K	5x
Short	Kraken Futures PF_WLFIUSD	0.05732	−0.0367	pay 0.0046% / 1h	22m 31s	$72K	$95K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.210%Rate

Funding earned: −$65.31
Price spread: +0.210% → 0.000%: $21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$54.31
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Kraken Futures: 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, 7 min ago	5.26 bp	8.1 bp −$8	24.0 bp −$240	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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	0.05728	+0.140%	$1.6M	$566K	20x	as long as short
Kraken Futures PF_WLFIUSDshort	−0.0367%	1h	0.05732	+0.210%	$72K	$95K	20x
OKX WLFI-USDT-SWAP	−0.0073%	4h	0.05722	+0.035%	$7.5M	$12.3M	50x	as long as short
Lighter WLFIlong	−0.0056%	1h	0.05720	long leg	$942K	$356K	5x
Variational Omni WLFI	−0.0008%	4h	0.05716	−0.062%	$447K	$25K	—	as long as short
Paradex WLFI-USD-PERP	−0.0007%	8h	0.05730	+0.175%	$2K	$108	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05732	+0.210%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.689%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05732	+0.210%	$10K	$624	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05731	+0.187%	$313	—	150x	as long as short

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	−0.612%	$6K	$37K	5.5x	as long as short
Hyperliquid WLFI	+0.0059%	1h	0.05723	+0.045%	$10.5M	$1.2M	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05728	+0.140%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05727	+0.118%	$79K	$29K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05725	+0.086%	$242K	$9K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05728	+0.140%	$137.1M	$38.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05722	+0.035%	$20.6M	$16.4M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05731	+0.187%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05726	+0.105%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05726	+0.105%	$13.9M	$20.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05729	+0.157%	$3.2M	$953K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	+0.087%	$8.0M	$3.0M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05731	+0.192%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	+0.210%	$241K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.345%	$279K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.350%	$33K	$44K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	+0.175%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05731	+0.192%	$121	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05723	+0.044%	$132K	$490K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05733	+0.227%	$4.8M	$70K	75x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0342% / S −0.0695%	1h	0.05728	+0.142%	$3K	—	100x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0456%	1h	0.05697	−0.402%	$32K	$16K	50x	as long as short