Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Lighter−0.090%7-day average +0.471% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1451.446% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.557%+$56 · spread now −0.090%, 7d avg +0.471%

Together, before fees+0.746%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.561% cheaper against Lighter than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +0.471%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2544	0.0096	pay 0.0012% / 1h	18m 01s	$146K	$652K	10x
Short	HTX WIF-USDT	0.2542	0.0100	get 0.0050% / 4h	3h 18m	$167K	$736K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0.84
Price spread: −0.090% → +0.471%: −$56.1
Slippage, 4 orders: −$132.59
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$199.86
Costs to cover: 1.446%
Break-even: 1672.5 days

Slippage from Lighter: live order book, 27 min ago; HTX: live order book, 36 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, 27 min ago	4.66 bp	11.2 bp −$11	71.8 bp −$718	doesn't fit	doesn't fit
Sell HTX live order book, 36 min ago	1.96 bp	80.7 bp −$81	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
BloFin WIF-USDT	−0.0192%	4h	0.2537	−0.287%	$1.1M	$905K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2533	−0.425%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2543	−0.051%	$39K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2541	−0.116%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.421%	$11K	$10K	12x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2544	long leg	$146K	$652K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2535	−0.366%	$52K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2542	−0.074%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2535	−0.361%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2545	+0.028%	$20.1M	$129.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2544	−0.028%	$17.5M	$43.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2543	−0.051%	$6.1M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2540	−0.169%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2543	−0.051%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2542	−0.090%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2543	−0.051%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2542	−0.090%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2542	−0.086%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−0.363%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.444%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2541	−0.130%	$47K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2543	−0.051%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2533	−0.444%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2541	−0.110%	$594	$5K	5x	as long as short
HTX WIF-USDTshort	+0.0100%	4h	0.2542	−0.090%	$167K	$736K	75x
Extended WIF-USD	+0.0104%	1h	0.2542	−0.098%	$12K	$114K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2543	−0.069%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2542	−0.103%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2543	−0.051%	$337K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2543	−0.060%	$664K	$2.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2538	−0.264%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0635%	1h	0.2549	+0.202%	$8.5M	$5.2M	5x	as long as short