Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0457%/8h= +50.1% APRpaid last 24h +0.028%

Price spread now: Paradex against Lighter+0.109%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Paradex is 0.109% dearer against Lighter than usual: you sell high and buy low: +$11 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	0.05715	−0.0376	get 0.0047% / 1h	58m 35s	$988K	$401K	5x
Short	Paradex WLFI-USD-PERP	0.05721	0.0081	get 0.0081% / 8h	6h 58m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.109%Rate

Funding earned: $96.06
Price spread: +0.109% → 0.000%: $10.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $102.95
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Paradex: 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	6.95 bp	7.8 bp −$8	26.2 bp −$262	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Lighter WLFIlong	−0.0376%	1h	0.05715	long leg	$988K	$401K	5x
Kraken Futures PF_WLFIUSD	−0.0330%	1h	0.05736	+0.361%	$73K	$48K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.385%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05725	+0.183%	$11K	$970	5x	as long as short
01 Exchange WLFIUSD	0.0000%	1h	0.05731	+0.280%	$4K	$319	3x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.784%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05737	+0.385%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05736	+0.359%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	+0.017%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0054%	4h	0.05725	+0.177%	$1.6M	$588K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack WLFI_USDC_PERP	+0.0075%	1h	0.05735	+0.350%	$239K	$27K	10x	as long as short
Paradex WLFI-USD-PERPshort	+0.0081%	8h	0.05721	+0.109%	$2K	$118	5x
Hyperliquid WLFI	+0.0084%	1h	0.05723	+0.145%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05720	+0.089%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05728	+0.230%	$137.2M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05719	+0.070%	$20.9M	$17.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05718	+0.052%	$7.6M	$12.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05729	+0.240%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05724	+0.157%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05716	+0.017%	$15.0M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05731	+0.280%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05724	+0.157%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05734	+0.332%	—	$2.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05735	+0.359%	$445K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	+0.584%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.787%	$33K	$40K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05728	+0.227%	$79K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.437%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	+0.350%	$119	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05719	+0.078%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05734	+0.336%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05735	+0.350%	$4.7M	$77K	75x	as long as short