WLFI

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.176%

7d average—if it closes, per $10,000$18funding while held, a day−$10.80

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WLFI_USDC-PERPETUAL	0.05666	0	get 0.0000% / 1h	4m 19s	$9K	$624	10x
Short	Lighter WLFI	0.05656	−0.0360	pay 0.0045% / 1h	4m 19s	$932K	$323K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DeribitbpFee LighterbpOrdersClose when spread is

Spread captured: −$17.65
Funding while held: −$10.8
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.45
Spread needed to break even: 0.070%

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 33 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0360%
Per $10,000 a day: −$10.80
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 Deribit no order-book sample	—	—	—	—	—
Sell Lighter live order book, 33 min ago	5.28 bp	5.3 bp −$5	19.3 bp −$193	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLFI on 31 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit WLFIUSDT	−0.194%	+0.0004%	4h	$20.2M	$15.9M	75x	as long as short
Extended WLFI-USD	−0.185%	+0.0104%	1h	$131K	$490K	10x	as long as short
Lighter WLFIshort	−0.176%	−0.0360%	1h	$932K	$323K	5x
Bitget WLFIUSDT	−0.176%	+0.0100%	4h	$7.9M	$3.0M	75x	as long as short
BingX WLFI-USDC	−0.176%	+0.0100%	4h	—	$2.3M	—	as long as short
Nado WLFI-PERP	−0.176%	+0.0100%	1h	$78K	$28K	5x	as long as short
Variational Omni WLFI	−0.159%	−0.0043%	4h	$443K	$25K	—	as long as short
OKX WLFI-USDT-SWAP	−0.159%	−0.0084%	4h	$7.4M	$11.8M	50x	as long as short
Gate WLFI_USDT	−0.141%	+0.0046%	4h	$3.4M	$2.7M	75x	as long as short
Hyperliquid WLFI	−0.139%	−0.0091%	1h	$10.3M	$1.1M	5x	as long as short

Show all 31 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica WLFI	−0.131%	+0.0100%	1h	$241K	$8K	5x	as long as short
KuCoin WLFIUSDTM	−0.106%	+0.0100%	4h	$3.1M	$909K	75x	as long as short
ApeX Omni WLFIUSDT	−0.106%	+0.0030%	1h	$33K	$44K	50x	as long as short
Paradex WLFI-USD-PERP	−0.100%	−0.0114%	8h	$2K	$108	5x	as long as short
MEXC WLFI_USDT	−0.088%	+0.0100%	4h	$13.4M	$19.9M	100x	as long as short
Backpack WLFI_USDC_PERP	−0.088%	+0.0100%	1h	$234K	$28K	10x	as long as short
gTrade (Gains Network) WLFI/USD	−0.076%	L +0.0005% / S −0.0007%	1h	$1K	—	150x	as long as short
Kraken Futures PF_WLFIUSD	−0.051%	−0.0545%	1h	$68K	$91K	20x	as long as short
Arcus WLFI-USD	−0.049%	+0.0100%	1h	$1K	$10	5x	as long as short
Binance WLFIUSDT	−0.035%	+0.0100%	4h	$135.2M	$36.9M	75x	as long as short
01 Exchange WLFIUSD	−0.035%	+0.0024%	1h	$4K	$232	3x	as long as short
SoDEX WLFI-USD	−0.035%	+0.0100%	1h	$123	$5K	5x	as long as short
Aster WLFIUSDT	−0.031%	−0.0459%	4h	$1.6M	$560K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	−0.028%	L +0.0272% / S −0.2502%	1h	$217	—	100x	as long as short
dYdX WLFI-USD	−0.018%	0.0000%	1h	$11K	$970	5x	as long as short
Deribit WLFI_USDC-PERPETUALlong	0.000%	0.0000%	1h	$9K	$624	10x
BloFin WLFI-USDT	+0.035%	+0.0112%	4h	$4.8M	$66K	75x	as long as short
SunX WLFI-USDT	+0.071%	+0.0100%	4h	$38K	$1.7M	20x	as long as short
Coinbase International WLFI-PERP-INTX	+0.600%	+0.0496%	1h	$32K	$17K	50x	as long as short
Injective WLFI/USDC PERP	+2.524%	+0.0033%	1h	$6K	$40K	5.5x	as long as short
Reya WLFIRUSDPERP	+6.697%	0.0000%	1h	—	—	—	as long as short