WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.6% APRnext payment +$0.28 per $10,000 · paid last 24h −0.031%

Price spread now: Kraken Futures against Lighter−0.019%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.019%, 7d avg +0.022%

Together, before fees+0.017%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.041% cheaper against Lighter than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.022%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2437	0.0096	pay 0.0012% / 1h	41m 05s	$136K	$568K	10x
Short	Kraken Futures PF_WIFUSD	0.2437	0.0320	get 0.0040% / 1h	41m 05s	$636K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: $47.12
Price spread: −0.019% → +0.022%: −$4.07
Slippage, 4 orders: −$52.37
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.32
Costs to cover: 0.624%
Break-even: 9.9 days

Slippage from Lighter: live order book, 29 min ago; Kraken Futures: live order book, 2 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, 29 min ago	3.30 bp	13.2 bp −$13	56.2 bp −$562	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	8.20 bp	20.9 bp −$21	40.5 bp −$405	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
Backpack WIF_USDC_PERP	−0.0401%	1h	0.2435	−0.078%	$73K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2433	−0.182%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2435	−0.082%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2433	−0.181%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.723%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0036%	4h	0.2435	−0.082%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2435	−0.082%	$5K	$1.3M	10x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2437	long leg	$136K	$568K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2432	−0.205%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2440	+0.140%	$7.6M	$4.0M	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	0.2436	−0.029%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2432	−0.204%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2437	+0.007%	$18.2M	$103.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2436	−0.033%	$16.7M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2437	0.000%	$6.0M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2437	0.000%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2437	0.000%	$22.1M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2438	+0.041%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2434	−0.123%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2452	+0.623%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	−0.082%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	+0.451%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2429	−0.328%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2434	−0.103%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2430	−0.287%	$168K	$739K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2434	−0.121%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2435	−0.092%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2433	−0.162%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2437	0.000%	$322K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0320%	1h	0.2437	−0.019%	$636K	$2.2M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2431	−0.246%	$991K	$724K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2432	−0.197%	$0	—	15x	as long as short