Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: Variational Omni against Lighter+0.342%7-day average −0.017% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.342%, 7d avg −0.017%

Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.358% dearer against Lighter than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLFI	0.05722	0	get 0.0000% / 1h	53m 32s	$999K	$420K	5x
Short	Variational Omni WLFI	0.05742	0.0100	get 0.0050% / 4h	1h 53m	$447K	$41K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.342%Rate

Funding earned: $21
Price spread: +0.342% → −0.017%: $35.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $56.84
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 2 min ago; Variational Omni: RFQ quote, 10 min ago. Net counts fees only.

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, 2 min ago	7.86 bp	7.9 bp −$8	25.4 bp −$254	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	4.35 bp	doesn't fit	28.7 bp −$287	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	+0.262%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05737	+0.259%	$99K	$85K	20x	as long as short
ApeX Omni WLFIUSDT	−0.0133%	1h	0.05730	+0.140%	$33K	$39K	50x	as long as short
Lighter WLFIlong	0.0000%	1h	0.05722	long leg	$999K	$420K	5x
dYdX WLFI-USD	0.0000%	1h	0.05730	+0.139%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.652%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05736	+0.245%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05731	+0.159%	$313	—	150x	as long as short
Aster WLFIUSDT	+0.0025%	4h	0.05731	+0.161%	$1.6M	$581K	20x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.105%	$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	+0.0079%	8h	0.05723	+0.012%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05728	+0.105%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05724	+0.026%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05727	+0.080%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05726	+0.077%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05729	+0.122%	$137.5M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05720	−0.035%	$20.8M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05725	+0.052%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05731	+0.156%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05727	+0.087%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05726	+0.070%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05729	+0.122%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	+0.052%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05725	+0.052%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	+0.175%	$238K	$27K	10x	as long as short
Variational Omni WLFIshort	+0.0100%	4h	0.05742	+0.342%	$447K	$41K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05736	+0.239%	$275K	$1.8M	10x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.315%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	+0.227%	$123	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05724	+0.032%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.196%	$3K	—	100x	as long as short