Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1356%/8h= +148.5% APRpaid last 24h +0.068%

Price spread now: Lighter against Gate+0.199%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.199%, 7d avg +0.109%

Together, before fees+0.129%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Lighter is 0.090% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.109%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.0% 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	Gate WLD_USDT	0.4582	0.0100	pay 0.0100% / 8h	30m 46s	$7.4M	$35.6M	75x
Short	Lighter WLD	0.4591	0.1456	get 0.0182% / 1h	30m 46s	$5.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.199%Rate

Funding earned: $284.76
Price spread: +0.199% → +0.109%: $8.97
Slippage, 4 orders: −$33.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $245.38
Costs to cover: 0.484%
Break-even: 1.0 days

Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 7 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 Gate live order book, 3 min ago	2.18 bp	15.7 bp −$16	33.9 bp −$339	74.9 bp −$7,491	doesn't fit
Sell Lighter live order book, 7 min ago	4.14 bp	7.6 bp −$8	29.9 bp −$299	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	−0.0206%	8h	0.4583	+0.022%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.040%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4587	+0.109%	$113K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	+0.115%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4581	−0.022%	$7.0M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0027%	8h	0.4585	+0.065%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4585	+0.065%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4584	+0.034%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4586	+0.090%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4581	−0.017%	$86.4M	$301.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4582	0.000%	$65.6M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.065%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4582	long leg	$7.4M	$35.6M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4582	0.000%	$45.8M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4580	−0.044%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4583	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	+0.083%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.087%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	−0.077%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	−0.039%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.022%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	+0.164%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.306%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4585	+0.065%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.087%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4582	−0.006%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	+0.109%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	−0.015%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	+0.086%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4589	+0.153%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4586	+0.097%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4591	+0.203%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.218%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4590	+0.175%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0505%	1h	0.4587	+0.116%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4588	+0.137%	$907K	$2.7M	50x	as long as short
Lighter WLDshort	+0.1456%	1h	0.4591	+0.199%	$5.2M	$2.0M	10x