Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.030%

Price spread now: Lighter against Variational Omni−0.022%7-day average +0.015% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.022%, 7d avg +0.015%

Together, before fees−0.013%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Lighter is 0.036% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.6% 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	Variational Omni WLFI	0.05709	0.0100	pay 0.0050% / 4h	1h 59m	$441K	$30K	—
Short	Lighter WLFI	0.05708	−0.0184	pay 0.0023% / 1h	59m 28s	$942K	$371K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$59.64
Price spread: −0.022% → +0.015%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$63.27
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 25 min ago; Lighter: live order book, 21 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 Variational Omni RFQ quote, 25 min ago	4.37 bp	doesn't fit	34.1 bp −$341	doesn't fit	doesn't fit
Sell Lighter live order book, 21 min ago	6.99 bp	7.1 bp −$7	23.4 bp −$234	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	−0.0591%	1h	0.05716	+0.116%	$73K	$88K	20x	as long as short
Aster WLFIUSDT	−0.0268%	4h	0.05713	+0.066%	$1.6M	$568K	20x	as long as short
Lighter WLFIshort	−0.0184%	1h	0.05708	−0.022%	$942K	$371K	5x
Deribit WLFI_USDC-PERPETUAL	−0.0100%	1h	0.05717	+0.136%	$10K	$624	10x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.223%	$6K	$64K	5.5x	as long as short
Hyperliquid WLFI	−0.0014%	1h	0.05711	+0.034%	$10.5M	$1.2M	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05712	+0.054%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+5.890%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05714	+0.076%	$312	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0023%	4h	0.05712	+0.048%	$7.5M	$12.4M	50x	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	+0.0027%	8h	0.05715	+0.098%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0064%	1h	0.05716	+0.118%	$4K	$319	3x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05709	long leg	$441K	$30K	—
Nado WLFI-PERP	+0.0100%	1h	0.05711	+0.040%	$79K	$31K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05713	+0.061%	$243K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05716	+0.118%	$136.7M	$38.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05711	+0.031%	$20.5M	$17.0M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05717	+0.132%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05714	+0.083%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05715	+0.101%	$14.9M	$21.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05713	+0.066%	$3.2M	$1.0M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05713	+0.066%	$7.9M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05714	+0.083%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05716	+0.118%	$238K	$31K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05719	+0.167%	$273K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	+0.013%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05720	+0.188%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05715	+0.101%	$115	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05711	+0.026%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.486%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05715	+0.108%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05717	+0.136%	$4.7M	$74K	75x	as long as short