Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1468%/8h= +160.7% APRpaid last 24h +0.050%

Price spread now: Lighter against Binance+0.106%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$330.331% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days+0.039%+$4 · spread now +0.106%, 7d avg +0.098%

Together, before fees+0.203%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: +$44 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% 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	Binance WLDUSDT	0.4631	0.0100	pay 0.0100% / 8h	54m 53s	$87.8M	$298.4M	75x
Short	Lighter WLD	0.4636	0.1568	get 0.0196% / 1h	54m 53s	$5.3M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.106%Rate

Funding earned: $308.28
Price spread: +0.106% → +0.098%: $0.83
Slippage, 4 orders: −$23.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $276.05
Costs to cover: 0.331%
Break-even: 0.7 days

Slippage from Binance: live order book, 4 min ago; Lighter: 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 Binance live order book, 4 min ago	1.08 bp	6.3 bp −$6	13.7 bp −$137	52.2 bp −$5,221	206.0 bp −$103.0K
Sell Lighter live order book, 8 min ago	2.17 bp	7.4 bp −$7	32.2 bp −$322	doesn't fit	doesn't fit

WLD on 38 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
Kalshi KXWLDPERP	−0.0250%	8h	0.4617	−0.306%	$50K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	−0.127%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4626	−0.112%	$110K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4625	−0.129%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0010%	8h	0.4624	−0.155%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4631	−0.004%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4626	−0.112%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4632	+0.015%	$196K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4625	−0.133%	$53K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4631	long leg	$87.8M	$298.4M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4630	−0.025%	$66.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4631	−0.004%	$34.6M	$143.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4631	−0.004%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4632	+0.018%	$49.9M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4631	−0.004%	$30.6M	$25.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4629	−0.047%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4628	−0.060%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4623	−0.179%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4618	−0.287%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4625	−0.134%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4624	−0.155%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4628	−0.060%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	−0.047%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4624	−0.155%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4617	−0.306%	$871K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4625	−0.133%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4632	+0.010%	$237K	$860K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4626	−0.112%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4617	−0.315%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4624	−0.157%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4625	−0.133%	$4.9M	$824K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4624	−0.154%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4631	−0.015%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.414%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4618	−0.285%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0630%	1h	0.4634	+0.072%	$50.4M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4629	−0.048%	$923K	$2.6M	50x	as long as short
Lighter WLDshort	+0.1568%	1h	0.4636	+0.106%	$5.3M	$2.0M	10x