Funding you earn now, next payment 05:00 UTC+0.0672%/8h= +73.6% APRnext payment +$0.84 per $10,000 · paid last 24h +0.115%
Price spread now: Lighter against Deribit+0.055%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.055%, 7d avg +0.094%
=Together, before fees+0.057%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.094%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.269% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 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 | Deribit WLD_USDC-PERPETUAL | 0.4510 | 0 | get 0.0000% / 1h | 8m 09s | $119K | $988K | 25x |
| Short | Lighter WLD | 0.4512 | 0.0672 | get 0.0084% / 1h | 8m 09s | $4.9M | $2.9M | 10x |
Deribit WLD_USDC-PERPETUAL
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $141.12
- Price spread: +0.055% → +0.094%
- −$3.86
- Slippage, 4 orders
- −$29.93
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $100.32
- Costs to cover
- 0.369%
- Break-even
- 2.0 days
Slippage from Deribit: live order book, 46 min ago; Lighter: live order book, 5 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 Deribit live order book, 46 min ago | 7.59 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.98 bp | 3.1 bp −$3 | 22.5 bp −$225 | 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 | −0.0027% | 1h | 0.4504 | −0.133% | $239K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4510 | −0.006% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4508 | −0.044% | $65K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | 0.0000% | 1h | 0.4510 | long leg | $119K | $988K | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4510 | −0.002% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0033% | 8h | 0.4505 | −0.111% | $6.8M | $11.8M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4507 | −0.067% | $28K | $868K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4509 | −0.022% | $221K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4510 | −0.001% | $50K | $526K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4507 | −0.067% | $85.8M | $332.5M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
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 | 0.4506 | −0.089% | $63.9M | $90.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4505 | −0.111% | $33.9M | $150.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4506 | −0.089% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4507 | −0.067% | $39.7M | $55.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4504 | −0.133% | $29.7M | $30.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4506 | −0.089% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4508 | −0.051% | $134K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4516 | +0.126% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4527 | +0.378% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4527 | +0.377% | $600K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4529 | +0.421% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4507 | −0.067% | $49K | $2.2M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4514 | +0.089% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4507 | −0.067% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | +0.022% | $824K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4508 | −0.044% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4506 | −0.082% | $214K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4509 | −0.012% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4508 | −0.051% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4538 | +0.621% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4525 | +0.324% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4504 | −0.133% | $4.8M | $874K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4510 | 0.000% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0240% | 1h | 0.4508 | −0.053% | $322 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0296% | 1h | 0.4511 | +0.031% | $49.2M | $43.6M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0527% | 1h | 0.4509 | −0.024% | $865K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4512 | +0.044% | $262K | $1.6M | 50x | as long as short |
| Lighter WLDshort | +0.0672% | 1h | 0.4512 | +0.055% | $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
Coinbase International WLD-PERP-INTX