WLFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.030%

Price spread now: Hyperliquid against Lighter+0.017%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.017%, 7d avg −0.001%

Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05748	−0.0080	get 0.0010% / 1h	4m 37s	$1.0M	$415K	5x
Short	Hyperliquid WLFI	0.05749	0.0100	get 0.0013% / 1h	4m 37s	$10.5M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.017%Rate

Funding earned: $37.8
Price spread: +0.017% → −0.001%: $1.88
Slippage, 4 orders: −$30.16
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $0.52
Costs to cover: 0.392%
Break-even: 6.9 days

Slippage from Lighter: live order book, 6 min ago; Hyperliquid: live order book, 8 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, 6 min ago	6.09 bp	6.9 bp −$7	23.0 bp −$230	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.04 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

WLFI on 31 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	0.05749	+0.017%	$99K	$85K	20x	as long as short
Lighter WLFIlong	−0.0080%	1h	0.05748	long leg	$1.0M	$415K	5x
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−0.191%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05750	+0.033%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.174%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05748	−0.006%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.557%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0047%	4h	0.05750	+0.035%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0082%	8h	0.05750	+0.040%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05757	+0.157%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05751	+0.052%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05743	−0.078%	$81K	$23K	5x	as long as short
Hyperliquid WLFIshort	+0.0100%	1h	0.05749	+0.017%	$10.5M	$1.3M	5x
Pacifica WLFI	+0.0100%	1h	0.05752	+0.068%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05755	+0.130%	$138.2M	$40.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05749	+0.017%	$21.0M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05750	+0.035%	$7.7M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05758	+0.169%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05752	+0.070%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05755	+0.122%	$13.8M	$22.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05751	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05751	+0.052%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05751	+0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05747	−0.017%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05745	−0.044%	$449K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05755	+0.115%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.035%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.035%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	+0.017%	$121	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05750	+0.029%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	−0.057%	$3K	—	100x	as long as short