Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.041%

Price spread now: Lighter against Variational Omni+0.163%7-day average +0.015% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.163%, 7d avg +0.015%

Together, before fees−0.403%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.148% dearer against Variational Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLFI	0.05758	0.0100	pay 0.0050% / 4h	11m 20s	$450K	$39K	—
Short	Lighter WLFI	0.05767	0.0096	get 0.0012% / 1h	11m 20s	$1.0M	$467K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$0.84
Price spread: +0.163% → +0.015%: $14.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.97
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; Lighter: live order book, 9 min ago. 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 Variational Omni RFQ quote, 28 min ago	4.34 bp	doesn't fit	39.0 bp −$390	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	5.22 bp	6.3 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit

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
Coinbase International WLFI-PERP-INTX	−0.0328%	1h	0.05732	−0.445%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.003%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05770	+0.216%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.723%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0068%	1h	0.05770	+0.217%	$11K	$943	5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05767	+0.163%	$1.0M	$467K	5x
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05770	+0.215%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05770	+0.224%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	+0.217%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05772	+0.245%	$1.6M	$533K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05772	+0.243%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05776	+0.319%	$139.4M	$42.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05768	+0.180%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05770	+0.215%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05774	+0.281%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	+0.233%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05776	+0.319%	$13.5M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05774	+0.285%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05769	+0.198%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05773	+0.267%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05775	+0.302%	$234K	$30K	10x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05758	long leg	$450K	$39K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05768	+0.179%	$284K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	+0.042%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.389%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05773	+0.267%	$97	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05769	+0.200%	$174K	$1.0M	10x	as long as short
BloFin WLFI-USDT	+0.0122%	4h	0.05777	+0.337%	$4.8M	$91K	75x	as long as short
01 Exchange WLFIUSD	+0.0248%	1h	0.05774	+0.285%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05772	+0.252%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05788	+0.519%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0616%	1h	0.05778	+0.354%	$524	$11K	10x	as long as short