WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.044%

Price spread now: Lighter against Coinbase International−0.032%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now −0.032%, 7d avg −0.117%

Together, before fees−0.475%+ Points / potential airdropLighter: Season 3 · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.085% dearer against Coinbase International than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.117%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2522	0.0352	pay 0.0044% / 1h	15m 44s	$334K	$3.4M	50x
Short	Lighter WIF	0.2521	0.0096	get 0.0012% / 1h	15m 44s	$144K	$711K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$53.76
Price spread: −0.032% → −0.117%: $8.54
Slippage, 4 orders: −$41.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$96.54
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Lighter: live order book, 15 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 Coinbase International live order book, 3 min ago	5.97 bp	14.9 bp −$15	26.9 bp −$269	doesn't fit	doesn't fit
Sell Lighter live order book, 15 min ago	2.98 bp	6.6 bp −$7	59.6 bp −$596	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0176% / S +0.0275%	1h	0.2519	−0.138%	$20K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	−2.379%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2516	−0.238%	$1.0M	$953K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2517	−0.179%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2520	−0.079%	$33K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2519	−0.103%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0018%	1h	0.2517	−0.190%	$76K	$310K	10x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2521	−0.032%	$144K	$711K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2519	−0.119%	$54K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2530	+0.305%	$8.8M	$6.9M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2527	+0.206%	$30K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2517	−0.192%	$78K	$74K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2528	+0.236%	$19.4M	$149.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2528	+0.238%	$16.9M	$49.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2528	+0.238%	$5.7M	$44.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2527	+0.198%	$1.2M	$9.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2528	+0.238%	$22.7M	$12.5M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2526	+0.159%	$4.2M	$17.1M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2528	+0.238%	$7.7M	$16.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2527	+0.198%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2517	−0.194%	$74K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2508	−0.557%	$283K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2513	−0.357%	$45K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2520	−0.079%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2515	−0.278%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2519	−0.119%	$581	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2513	−0.357%	$159K	$912K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2526	+0.155%	$10K	$181K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2518	−0.153%	$84K	$85	3x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0352%	1h	0.2522	long leg	$334K	$3.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2517	−0.204%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0804%	1h	0.2520	−0.067%	$656K	$2.7M	50x	as long as short