Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.045%

Price spread now: Lighter against Bybit−0.017%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.105%−$10 · spread now −0.017%, 7d avg −0.023%

Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLFIUSDT	0.05767	0.0100	pay 0.0050% / 4h	3h 48m	$21.1M	$18.8M	75x
Short	Lighter WLFI	0.05766	0.0096	get 0.0012% / 1h	48m 05s	$1.0M	$446K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.84
Price spread: −0.017% → −0.023%: $0.6
Slippage, 4 orders: −$32.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.36
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Lighter: 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 Bybit live order book, 1 min ago	0.87 bp	12.3 bp −$12	44.8 bp −$448	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	7.80 bp	10.3 bp −$10	22.2 bp −$222	doesn't fit	doesn't fit

WLFI 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
dYdX WLFI-USD	0.0000%	1h	0.05771	+0.077%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.832%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05772	+0.079%	$316	—	150x	as long as short
Aster WLFIUSDT	+0.0011%	4h	0.05771	+0.062%	$1.6M	$577K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.884%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0048%	1h	0.05737	−0.520%	$32K	$15K	50x	as long as short
Paradex WLFI-USD-PERP	+0.0093%	8h	0.05766	−0.012%	$2K	$118	5x	as long as short
Lighter WLFIshort	+0.0096%	1h	0.05766	−0.017%	$1.0M	$446K	5x
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05775	+0.139%	$524	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05769	+0.043%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05770	+0.055%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05770	+0.052%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05779	+0.210%	$139.3M	$41.2M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05767	long leg	$21.1M	$18.8M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	+0.035%	$7.6M	$13.0M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05773	+0.106%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05771	+0.069%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05770	+0.052%	$13.7M	$20.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05771	+0.069%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05768	+0.017%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05773	+0.104%	—	$7.3M	—	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05771	+0.078%	$450K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05772	+0.088%	$282K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	+0.052%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.225%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05773	+0.104%	$96	$5K	5x	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05774	+0.121%	$240K	$26K	10x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	+0.016%	$133K	$482K	10x	as long as short
01 Exchange WLFIUSD	+0.0160%	1h	0.05775	+0.139%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05773	+0.104%	$3K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0340%	1h	0.05775	+0.143%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05772	+0.087%	$4.8M	$87K	75x	as long as short