WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0407%/8h= −44.6% APRnext payment −$0.51 per $10,000 · paid last 24h −0.062%

Price spread now: GMX against Lighter−0.129%69s7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and GMX is 0.129% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2495	0.0096	pay 0.0012% / 1h	40m 52s	$147K	$811K	10x
Short	GMX WIF/USD [WBTC.b-USDC]	0.2492	L −0.0353% / S +0.0311%	pay 0.0039% / 1h	40m 52s	$19K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$85.45
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$110.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 50 min ago; GMX: no order-book sample. 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 Lighter live order book, 50 min ago	2.98 bp	14.8 bp −$15	59.8 bp −$598	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate WIF_USDT	−0.0562%	4h	0.2491	−0.156%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]short	L −0.0353% / S +0.0311%	1h	0.2492	−0.129%	$19K	—	100x
BloFin WIF-USDT	−0.0140%	4h	0.2499	+0.164%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	+0.067%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2494	−0.036%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2492	−0.100%	$4K	—	150x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2495	long leg	$147K	$811K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2495	+0.004%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2495	+0.004%	$6K	$1.1M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2493	−0.092%	$10.0M	$9.1M	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	0.2494	−0.020%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2496	+0.036%	$77K	$87K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2494	−0.020%	$19.8M	$165.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2494	−0.036%	$17.4M	$55.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	−0.076%	$5.8M	$48.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2494	−0.036%	$24.4M	$15.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2493	−0.076%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2492	−0.116%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2498	+0.124%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2492	−0.112%	$84K	$333K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2496	+0.048%	$74K	$364K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2494	−0.036%	$281K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2499	+0.164%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2491	−0.156%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2493	−0.076%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2490	−0.196%	$154K	$944K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2492	−0.122%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	−0.032%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2501	+0.244%	$334K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.565%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2494	−0.052%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0742%	1h	0.2495	−0.014%	$641K	$3.0M	50x	as long as short