WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.113%

Price spread now: Lighter against Deribit+0.211%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs+$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.722%+$72 on $10k

Price spread, last 3 days (all we have)−0.271%−$27 · spread now +0.211%, 7d avg +0.032%

Together, before fees+0.450%+ Points / potential airdropLighter: Season 3 · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.179% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2468	0	get 0.0000% / 1h	52m 48s	$46K	$261K	25x
Short	Lighter WIF	0.2473	0.0096	get 0.0012% / 1h	52m 48s	$140K	$627K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.211%Rate

Funding earned: $20.16
Price spread: +0.211% → +0.032%: $17.86
Slippage, 4 orders: −$39.84
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.82
Costs to cover: 0.468%
Break-even: 10.1 days

Slippage from Deribit: live order book, 11 min ago; Lighter: live order book, 3 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 Deribit live order book, 11 min ago	2.02 bp	5.5 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	5.05 bp	20.5 bp −$20	87.3 bp −$873	doesn't fit	doesn't fit

WIF on 31 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
Backpack WIF_USDC_PERP	−0.0356%	1h	0.2464	−0.154%	$78K	$274K	10x	as long as short
ApeX Omni WIFUSDT	−0.0291%	1h	0.2459	−0.365%	$42K	$629K	25x	as long as short
Gate WIF_USDT	−0.0002%	4h	0.2470	+0.081%	$1.3M	$7.5M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2458	−0.425%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	0.0000%	1h	0.2468	long leg	$46K	$261K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2466	−0.065%	$797	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.081%	$11K	$10K	12x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2473	+0.211%	$140K	$627K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2461	−0.284%	$56K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2468	0.000%	$5K	$1.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2469	+0.039%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2458	−0.411%	$76K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2473	+0.200%	$18.9M	$113.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2471	+0.122%	$17.1M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2471	+0.122%	$5.9M	$34.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	+0.041%	$22.0M	$10.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2469	+0.041%	$4.5M	$13.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2473	+0.203%	$7.5M	$12.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2472	+0.162%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2487	+0.773%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2468	0.000%	$277K	$2.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2464	−0.162%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2468	0.000%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2463	−0.203%	$166K	$688K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2467	−0.025%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2468	−0.012%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2469	+0.060%	$646K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0162% / S −0.0031%	1h	0.2466	−0.081%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0245%	1h	0.2474	+0.247%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2463	−0.203%	$361K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2462	−0.230%	$0	—	15x	as long as short