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 +0.051%

Price spread now: Lighter against Variational Omni−0.266%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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 airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.266% cheaper against Variational Omni than usual: you would sell low and buy high, −$27 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2573	0.0100	pay 0.0050% / 4h	3h 27m	$97K	$136K	—
Short	Lighter WIF	0.2566	0.0096	get 0.0012% / 1h	27m 57s	$147K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$0.84
Price spread: −0.266% → 0.000%: −$26.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.46
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 11 min ago; Lighter: live order book, 18 min ago. 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 Variational Omni RFQ quote, 11 min ago	7.84 bp	doesn't fit	27.4 bp −$274	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	4.66 bp	9.0 bp −$9	57.5 bp −$575	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	−0.0194%	4h	0.2570	−0.119%	$1.1M	$912K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2569	−0.138%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2564	−0.341%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.701%	$11K	$10K	12x	as long as short
Lighter WIFshort	+0.0096%	1h	0.2566	−0.266%	$147K	$652K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2564	−0.352%	$52K	$562K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2565	−0.314%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2570	−0.101%	$79K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2564	−0.340%	$20.5M	$127.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2562	−0.429%	$17.5M	$42.6M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2563	−0.391%	$6.2M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2563	−0.391%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2564	−0.352%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2563	−0.391%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2564	−0.352%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2565	−0.313%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2562	−0.433%	$79K	$304K	10x	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2573	long leg	$97K	$136K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2578	+0.176%	$296K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2578	+0.192%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2565	−0.313%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2559	−0.546%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2565	−0.313%	$600	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2563	−0.391%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2563	−0.390%	$12K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2565	−0.298%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0115% / S +0.0003%	1h	0.2564	−0.353%	$9K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0140%	1h	0.2565	−0.313%	$40K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2566	−0.274%	$348K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0358%	1h	0.2566	−0.284%	$670K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0542%	1h	0.2569	−0.146%	$8.5M	$5.2M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2562	−0.448%	$1	—	15x	as long as short