Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.040%

Price spread now: Bitget against Lighter+0.087%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.087%, 7d avg +0.006%

Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.081% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05744	−0.0224	get 0.0028% / 1h	44m 16s	$996K	$405K	5x
Short	Bitget WLFIUSDT	0.05749	0.0100	get 0.0050% / 4h	2h 44m	$8.0M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.087%Rate

Funding earned: $68.04
Price spread: +0.087% → +0.006%: $8.06
Slippage, 4 orders: −$28.31
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $35.79
Costs to cover: 0.403%
Break-even: 3.3 days

Slippage from Lighter: live order book, 21 min ago; Bitget: live order book, 4 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, 21 min ago	6.95 bp	7.8 bp −$8	26.2 bp −$262	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.74 bp	13.9 bp −$14	26.4 bp −$264	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
Kraken Futures PF_WLFIUSD	−0.0330%	1h	0.05752	+0.135%	$73K	$48K	20x	as long as short
Lighter WLFIlong	−0.0224%	1h	0.05744	long leg	$996K	$405K	5x
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.122%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05744	+0.001%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.251%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05751	+0.122%	$522	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05746	+0.026%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.487%	$6K	$77K	5.5x	as long as short
01 Exchange WLFIUSD	+0.0040%	1h	0.05739	−0.087%	$4K	$319	3x	as long as short
Aster WLFIUSDT	+0.0042%	4h	0.05743	−0.017%	$1.6M	$590K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERP	+0.0074%	8h	0.05740	−0.070%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05749	+0.080%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05743	−0.016%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05749	+0.081%	$137.8M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05745	+0.017%	$21.0M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05746	+0.035%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05747	+0.047%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05752	+0.139%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05750	+0.104%	$14.9M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05749	+0.087%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDTshort	+0.0100%	4h	0.05749	+0.087%	$8.0M	$3.2M	75x
BingX WLFI-USDT	+0.0100%	4h	0.05750	+0.104%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05751	+0.122%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05739	−0.094%	$444K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05760	+0.283%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.104%	$33K	$43K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05740	−0.061%	$79K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.104%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05752	+0.139%	$122	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05746	+0.036%	$133K	$489K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	+0.014%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.348%	$4.8M	$79K	75x	as long as short