Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.018%

Price spread now: Lighter against BloFin+0.306%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$38 on $10k

Price spread, last 4 days (all we have)−0.369%−$37 · spread now +0.306%, 7d avg +0.042%

Together, before fees−0.744%+ Points / potential airdropLighter: Season 3 · farm board−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.264% dearer against BloFin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.375%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2481	−0.0140	get 0.0070% / 4h	1h 12m	$982K	$938K	75x
Short	Lighter WIF	0.2489	0.0096	get 0.0012% / 1h	12m 43s	$143K	$702K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.306%Rate

Funding earned: $49.56
Price spread: +0.306% → +0.042%: $26.39
Slippage, 4 orders: −$46.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $17.61
Costs to cover: 0.583%
Break-even: 4.5 days

Slippage from BloFin: live order book, 9 min ago; Lighter: live order book, 23 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 BloFin live order book, 9 min ago	6.05 bp	15.4 bp −$15	17.4 bp −$174	48.5 bp −$4,849	doesn't fit
Sell Lighter live order book, 23 min ago	11.46 bp	11.9 bp −$12	54.7 bp −$547	doesn't fit	doesn't fit

WIF 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
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.766%	$10K	$11K	12x	as long as short
BloFin WIF-USDTlong	−0.0140%	4h	0.2481	long leg	$982K	$938K	75x
Backpack WIF_USDC_PERP	−0.0020%	1h	0.2481	+0.004%	$74K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2478	−0.140%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2481	−0.014%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0023% / S +0.0190%	1h	0.2481	+0.010%	$16K	—	100x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2489	+0.306%	$143K	$702K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2481	0.000%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2486	+0.202%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2485	+0.172%	$30K	$352K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2488	+0.266%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2488	+0.294%	$19.0M	$144.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2491	+0.399%	$16.8M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2492	+0.443%	$5.5M	$42.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2481	0.000%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2491	+0.403%	$22.5M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2486	+0.202%	$4.5M	$16.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2492	+0.443%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2479	−0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.118%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2478	−0.121%	$274K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2480	−0.040%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2481	0.000%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2476	−0.202%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2482	+0.020%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2476	−0.202%	$147K	$921K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	+0.031%	$13K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2482	+0.053%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0153%	1h	0.2483	+0.081%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2484	+0.105%	$644K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2482	+0.040%	$328K	$3.2M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2480	−0.037%	$0	—	15x	as long as short