Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.013%
Price spread now: Lighter against BloFin+0.068%60s7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.385% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.089%−$9 on $10k
Price spread, last 3 days (all we have)−0.185%−$18 · spread now +0.068%, 7d avg +0.099%
Together, before fees−0.274%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.031% cheaper against BloFin than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.099%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin WLD-USDT0.45850.0220pay 0.0220% / 8h1h 34m$4.9M$815K75x
ShortLighter WLD0.45880.0904get 0.0113% / 1h34m 01s$5.2M$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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

Funding earned
$143.64
Price spread: +0.068% → +0.099%
−$3.13
Slippage, 4 orders
−$26.53
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$101.98
Costs to cover
0.385%
Break-even
2.0 days
Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago3.26 bp9.3 bp −$914.5 bp −$14537.1 bp −$3,706119.2 bp −$59.6K
Sell Lighter live order book, 4 min ago5.33 bp12.6 bp −$1337.3 bp −$373doesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0369%8h0.4577−0.174%$46K$3.8M1.7xas long as short
Injective WLD/USDC PERP−0.0079%1h0.4623+0.829%$6K$185K5.5xas long as short
KuCoin WLDUSDTM−0.0004%8h0.4581−0.087%$7.0M$10.7M50xas long as short
Orderly PERP_WLD_USDC−0.0003%8h0.4575−0.218%$28K$914K10xas long as short
dYdX WLD-USD0.0000%1h0.4576−0.186%$163K$13K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4578−0.153%$108K$894K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4576−0.189%$57K150xas long as short
Variational Omni WLD+0.0056%8h0.4588+0.065%$2.1M$1.6Mas long as short
Nado WLD-PERP+0.0070%1h0.4569−0.349%$275K$169K5xas long as short
Aster WLDUSDT+0.0100%8h0.4578−0.153%$203K$988K50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica WLD+0.0100%1h0.4578−0.147%$51K$480K5xas long as short
Binance WLDUSDT+0.0100%8h0.4582−0.065%$86.9M$296.4M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4580−0.109%$65.8M$81.4M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4580−0.109%$34.2M$141.1M50xas long as short
Gate WLD_USDT+0.0100%8h0.4576−0.196%$7.5M$35.1M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4582−0.065%$48.8M$51.5M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4581−0.087%$30.2M$25.4M75xas long as short
BingX WLD-USDT+0.0100%8h0.4580−0.109%$67.9Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4579−0.135%$127K$269K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4589+0.085%$27K$315K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4590+0.117%$626K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4625+0.872%$56K$226K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4569−0.345%$47K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4583−0.044%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4577−0.174%$203$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4579−0.131%$864K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4574−0.240%$1.8M$3.8M50xas long as short
Extended WLD-USD+0.0104%1h0.4581−0.095%$239K$855K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4577−0.175%$31K$5K3xas long as short
Phoenix WLD+0.0124%1h0.4603+0.401%$5K$53K10xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4566−0.404%20xas long as short
Kraken Futures PF_WLDUSD+0.0186%1h0.4582−0.056%$912K$2.6M50xas long as short
BloFin WLD-USDTlong+0.0220%8h0.4585long leg$4.9M$815K75x
01 Exchange WLDUSD+0.0256%1h0.4571−0.305%$327$775xas long as short
GMX WLD/USD [ETH-USDC]L +0.0260% / S −0.2221%1h0.4575−0.224%$9K100xas long as short
Coinbase International WLD-PERP-INTX+0.0424%1h0.4579−0.131%$270K$1.6M50xas long as short
Lighter WLDshort+0.0904%1h0.4588+0.068%$5.2M$2.1M10x
Hyperliquid WLD+0.0992%1h0.4584−0.013%$49.9M$43.1M10xas long as short