Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.044%

Price spread now: MEXC against Lighter+0.140%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.140%, 7d avg +0.108%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.032% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05711	−0.0064	get 0.0008% / 1h	37m 38s	$1.0M	$437K	5x
Short	MEXC WLFI_USDT	0.05719	0.0100	get 0.0050% / 4h	37m 38s	$13.7M	$21.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.140%Rate

Funding earned: $34.44
Price spread: +0.140% → +0.108%: $3.19
Slippage, 4 orders: −$17.5
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $20.13
Costs to cover: 0.175%
Break-even: 2.9 days

Slippage from Lighter: live order book, 3 min ago; MEXC: live order book, 1 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 Lighter live order book, 3 min ago	7.88 bp	7.9 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.87 bp	0.9 bp −$1	4.5 bp −$45	35.3 bp −$3,526	109.8 bp −$54.9K

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
Lighter WLFIlong	−0.0064%	1h	0.05711	long leg	$1.0M	$437K	5x
Aster WLFIUSDT	−0.0059%	4h	0.05713	+0.037%	$1.6M	$575K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	+0.455%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05721	+0.174%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.858%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05717	+0.098%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.088%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0081%	8h	0.05713	+0.033%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0100%	1h	0.05721	+0.175%	$519	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05712	+0.025%	$81K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05715	+0.061%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05715	+0.075%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05719	+0.140%	$137.7M	$40.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05709	−0.035%	$20.8M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05714	+0.053%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05719	+0.137%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05713	+0.035%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDTshort	+0.0100%	4h	0.05719	+0.140%	$13.7M	$21.1M	100x
KuCoin WLFIUSDTM	+0.0100%	4h	0.05716	+0.088%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05714	+0.053%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05714	+0.053%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05717	+0.105%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05710	−0.010%	$446K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05722	+0.192%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.018%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.158%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05719	+0.140%	$108	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05712	+0.019%	$133K	$486K	10x	as long as short
01 Exchange WLFIUSD	+0.0120%	1h	0.05716	+0.088%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05721	+0.183%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	+0.068%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05718	+0.123%	$4.8M	$84K	75x	as long as short