After costs, if the gap returns to its 7d average, $10k−$45
spread now+0.099%7d average+0.026%fees + slippage, in and out−$52spread needed0.522%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WIF | 0.2428 | 0.0096 | pay 0.0012% / 1h | 4m 11s | $140K | $211K | 10x |
| Short | Hyperliquid WIF | 0.2431 | 0.0110 | get 0.0014% / 1h | 4m 11s | $7.0M | $3.1M | 5x |
Lighter WIF
Hyperliquid WIFPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.88
- Funding while held
- $0.42
- Slippage, 4 orders
- −$43.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$41.89
- Spread needed to break even
- 0.522%
Slippage from Lighter: live order book, 33 min ago; Hyperliquid: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0014%
- Per $10,000 a day
- +$0.42
- Average in range /8h
- —
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, 33 min ago | 2.77 bp | 8.6 bp −$9 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.21 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
WIF price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2329cheapestApeX Omni0.2418+3.821%Bybit0.2421+3.959%Variational Omni0.2422+3.995%Backpack0.2423+4.053%Binance0.2424+4.066%SunX0.2424+4.079%Extended0.2425+4.116%OKX0.2425+4.122%Bitget0.2425+4.122%Orderly0.2425+4.122%SoDEX0.2425+4.122%Gate0.2426+4.165%MEXC0.2426+4.165%KuCoin0.2426+4.165%BingX0.2426+4.165%Deribit0.2426+4.165%Reya0.2426+4.170%Aevo0.2427+4.186%Popdex0.2427+4.208%gTrade (Gains Network)0.2427+4.222%GMX0.2428+4.231%
Injective
ApeX Omni
Bybit
Variational Omni
Backpack
Binance
SunX
Extended
OKX
Bitget
Orderly
SoDEX
Gate
MEXC
KuCoin
BingX
Deribit
Reya
Aevo
Popdex
gTrade (Gains Network)
GMXLighter0.2428+4.259%
Aster0.2429+4.281%Kraken Futures0.2429+4.295%Pacifica0.2430+4.352%dYdX0.2431+4.361%
Aster
Kraken Futures
Pacifica
dYdXHyperliquid0.2431+4.362%
Coinbase International0.2431+4.380%BloFin0.2432+4.422%HTX0.2436+4.594%
Coinbase International
BloFin
HTXWIF on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective WIF/USDC PERP | −4.085% | −0.0468% | 1h | $11K | $97K | 12x | as long as short |
| ApeX Omni WIFUSDT | −0.420% | +0.0049% | 1h | $51K | $586K | 25x | as long as short |
| Bybit WIFUSDT | −0.288% | −0.0116% | 4h | $16.8M | $24.8M | 50x | as long as short |
| Variational Omni WIF | −0.253% | −0.0341% | 4h | $69K | $47K | — | as long as short |
| Backpack WIF_USDC_PERP | −0.198% | −0.0690% | 1h | $82K | $193K | 10x | as long as short |
| Binance WIFUSDT | −0.186% | −0.0021% | 4h | $17.8M | $54.8M | 75x | as long as short |
| SunX WIF-USDT | −0.173% | +0.0100% | 4h | $2K | $2.0M | 50x | as long as short |
| Extended WIF-USD | −0.138% | −0.0024% | 1h | $12K | $150K | 25x | as long as short |
| OKX WIF-USDT-SWAP | −0.132% | +0.0100% | 4h | $6.3M | $18.2M | 50x | as long as short |
| Bitget WIFUSDT | −0.132% | +0.0100% | 4h | $7.3M | $4.7M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_WIF_USDC | −0.132% | +0.0029% | 4h | $5K | $1.3M | 10x | as long as short |
| SoDEX WIF-USD | −0.132% | −0.0044% | 1h | $545 | $5K | 5x | as long as short |
| Gate WIF_USDT | −0.091% | +0.0078% | 4h | $1.1M | $4.1M | 50x | as long as short |
| MEXC WIF_USDT | −0.091% | −0.0020% | 4h | $22.6M | $7.6M | 50x | as long as short |
| KuCoin WIFUSDTM | −0.091% | +0.0100% | 4h | $3.7M | $7.6M | 75x | as long as short |
| BingX WIF-USDC | −0.091% | +0.0100% | 4h | — | $2.3M | — | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.091% | −0.0162% | 1h | $76K | $231K | 25x | as long as short |
| Reya WIFRUSDPERP | −0.086% | +0.0558% | 1h | $0 | — | 15x | as long as short |
| Aevo WIF-PERP | −0.070% | +0.0072% | 1h | $81K | $85 | 3x | as long as short |
| Popdex WIFUSDT | −0.049% | +0.0096% | 1h | $54K | $416K | 20x | as long as short |
| gTrade (Gains Network) WIF/USD | −0.035% | L +0.0002% / S −0.0002% | 1h | $19K | — | 150x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | −0.027% | L −29.4933% / S +0.0808% | 1h | $6K | — | 100x | as long as short |
| Lighter WIFlong | 0.000% | +0.0096% | 1h | $140K | $211K | 10x | |
| Aster WIFUSDT | +0.021% | −0.0065% | 4h | $17K | $103K | 10x | as long as short |
| Kraken Futures PF_WIFUSD | +0.034% | −0.0373% | 1h | $626K | $1.1M | 50x | as long as short |
| Pacifica WIF | +0.089% | +0.0100% | 1h | $75K | $24K | 5x | as long as short |
| dYdX WIF-USD | +0.097% | 0.0000% | 1h | $18K | $582 | 10x | as long as short |
| Hyperliquid WIFshort | +0.099% | +0.0110% | 1h | $7.0M | $3.1M | 5x | |
| Coinbase International WIF-PERP-INTX | +0.115% | +0.0104% | 1h | $318K | $1.4M | 50x | as long as short |
| BloFin WIF-USDT | +0.156% | +0.0218% | 4h | $1.0M | $541K | 75x | as long as short |
| HTX WIF-USDT | +0.321% | +0.0100% | 4h | $229K | $486K | 75x | as long as short |