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: Coinbase International against Lighter−0.033%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Lighter Short on Coinbase International

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)+0.258%+$26 · spread now −0.033%, 7d avg +0.117%

Together, before fees+0.540%+ Points / potential airdropLighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.150% cheaper against Lighter than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.117%). If the spread goes back, that is −$15 on $10k: about 47 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2447	0.0096	pay 0.0012% / 1h	8m 02s	$141K	$744K	10x
Short	Coinbase International WIF-PERP-INTX	0.2446	0.0352	get 0.0044% / 1h	8m 02s	$321K	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.033%Rate

Funding earned: $53.76
Price spread: −0.033% → +0.117%: −$14.98
Slippage, 4 orders: −$56.15
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$27.37
Costs to cover: 0.661%
Break-even: 10.6 days

Slippage from Lighter: live order book, 22 min ago; Coinbase International: live order book, 1 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 Lighter live order book, 22 min ago	2.98 bp	14.8 bp −$15	59.8 bp −$598	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	8.17 bp	27.5 bp −$27	doesn't fit	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 −0.0218% / S +0.0284%	1h	0.2446	−0.039%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	+0.621%	$10K	$11K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0159%	1h	0.2444	−0.114%	$32K	$275K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2447	+0.008%	$994K	$930K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0015%	1h	0.2445	−0.065%	$72K	$312K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2447	+0.008%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2447	−0.011%	$4K	—	150x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2447	long leg	$141K	$744K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2450	+0.131%	$52K	$577K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2445	−0.061%	$9.1M	$7.6M	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	0.2445	−0.074%	$29K	$353K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2446	−0.016%	$77K	$77K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2445	−0.058%	$19.4M	$152.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2447	+0.008%	$16.7M	$50.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2442	−0.196%	$5.7M	$43.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2445	−0.074%	$1.2M	$9.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2445	−0.074%	$23.9M	$13.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2446	−0.033%	$4.0M	$17.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2443	−0.155%	$7.4M	$16.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2445	−0.074%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2481	+1.406%	$91K	$211K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+1.456%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2482	+1.439%	$45K	$640K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2444	−0.114%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2439	−0.319%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2444	−0.114%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2445	−0.074%	$154K	$917K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2442	−0.199%	$9K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2442	−0.176%	$81K	—	3x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0352%	1h	0.2446	−0.033%	$321K	$3.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2449	+0.098%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0828%	1h	0.2448	+0.039%	$646K	$2.7M	50x	as long as short