Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Coinbase International+0.069%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.069%, 7d avg +0.068%
=Together, before fees+0.032%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$6 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 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. 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 | Coinbase International WLD-PERP-INTX | 0.4525 | 0.0560 | pay 0.0070% / 1h | 11m 26s | $263K | $1.6M | 50x |
| Short | Lighter WLD | 0.4528 | 0.0752 | get 0.0094% / 1h | 11m 26s | $4.9M | $2.9M | 10x |
Coinbase International WLD-PERP-INTX
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $40.32
- Price spread: +0.069% → +0.068%
- $0.06
- Slippage, 4 orders
- −$44.24
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.86
- Costs to cover
- 0.542%
- Break-even
- 9.4 days
Slippage from Coinbase International: live order book, 2 min ago; Lighter: 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 Coinbase International live order book, 2 min ago | 5.52 bp | 22.9 bp −$23 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.17 bp | 7.3 bp −$7 | 42.5 bp −$425 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0028% | 1h | 0.4520 | −0.110% | $240K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4523 | −0.040% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4520 | −0.110% | $65K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4520 | −0.110% | $119K | $988K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4520 | −0.118% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0032% | 8h | 0.4517 | −0.177% | $6.8M | $11.8M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4519 | −0.133% | $28K | $868K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4522 | −0.066% | $211K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4524 | −0.022% | $50K | $526K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4519 | −0.133% | $86.1M | $331.8M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4518 | −0.155% | $64.2M | $90.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4519 | −0.133% | $34.1M | $151.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4519 | −0.133% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4518 | −0.155% | $40.1M | $55.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4517 | −0.177% | $29.8M | $30.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4519 | −0.133% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4521 | −0.093% | $134K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4533 | +0.170% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4527 | +0.045% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4527 | +0.044% | $600K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4529 | +0.088% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4518 | −0.155% | $50K | $2.2M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4528 | +0.066% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4519 | −0.133% | $210 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.155% | $826K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4520 | −0.110% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4516 | −0.195% | $214K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4520 | −0.102% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4518 | −0.160% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4538 | +0.287% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4532 | +0.164% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4524 | −0.022% | $4.8M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4520 | −0.117% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4521 | −0.084% | $323 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0323% | 1h | 0.4524 | −0.022% | $49.3M | $43.7M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0526% | 1h | 0.4517 | −0.170% | $867K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0560% | 1h | 0.4525 | long leg | $263K | $1.6M | 50x | |
| Lighter WLDshort | +0.0752% | 1h | 0.4528 | +0.069% | $4.9M | $2.9M | 10x |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD