Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.042%

Price spread now: KuCoin against Lighter+0.157%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$680.675% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.157%, 7d avg +0.052%

Together, before fees−0.007%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.105% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05728	−0.0024	get 0.0003% / 1h	51m 48s	$1.0M	$420K	5x
Short	KuCoin WLFIUSDTM	0.05737	0.0100	get 0.0050% / 4h	1h 51m	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.157%Rate

Funding earned: $26.04
Price spread: +0.157% → +0.052%: $10.5
Slippage, 4 orders: −$55.55
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.01
Costs to cover: 0.675%
Break-even: 15.3 days

Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 6 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, 4 min ago	7.86 bp	7.9 bp −$8	25.4 bp −$254	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	6.98 bp	28.3 bp −$28	95.0 bp −$950	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
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	+0.157%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05735	+0.116%	$99K	$85K	20x	as long as short
ApeX Omni WLFIUSDT	−0.0133%	1h	0.05730	+0.035%	$33K	$39K	50x	as long as short
Lighter WLFIlong	−0.0024%	1h	0.05728	long leg	$1.0M	$420K	5x
dYdX WLFI-USD	0.0000%	1h	0.05735	+0.130%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.544%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05736	+0.140%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05730	+0.041%	$313	—	150x	as long as short
Aster WLFIUSDT	+0.0020%	4h	0.05735	+0.120%	$1.6M	$581K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.209%	$6K	$77K	5.5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05731	+0.049%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05735	+0.122%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05733	+0.087%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05732	+0.066%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05733	+0.082%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05736	+0.138%	$137.7M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05727	−0.017%	$20.8M	$18.0M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05733	+0.087%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05738	+0.178%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05733	+0.087%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05732	+0.070%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05737	+0.157%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05734	+0.105%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05736	+0.140%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05733	+0.087%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05742	+0.237%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05736	+0.134%	$275K	$1.8M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.209%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	+0.122%	$119	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05730	+0.043%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.096%	$3K	—	100x	as long as short