Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.089%
Price spread now: Lighter against GRVT−0.160%78s7-day average +0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.160%, 7d avg +0.091%
=Together, before fees+0.186%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.250% cheaper against GRVT than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.091%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT WLD_USDT_Perp | 0.4499 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $594K | $2.2M | 10x |
| Short | Lighter WLD | 0.4492 | 0.0096 | get 0.0012% / 1h | 58m 08s | $4.9M | $3.0M | 10x |
GRVT WLD_USDT_Perp
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- −$0.84
- Price spread: −0.160% → +0.091%
- −$25.04
- Slippage, 4 orders
- −$32.05
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$66.94
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Lighter: live order book, 3 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 GRVT live order book, 3 min ago | 5.57 bp | 12.2 bp −$12 | 33.5 bp −$335 | 2033.8 bp −$203.4K | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.11 bp | 3.4 bp −$3 | 25.8 bp −$258 | doesn't fit | doesn't fit |
WLD on 38 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_WLDUSD | −0.0192% | 1h | 0.4488 | −0.245% | $876K | $2.6M | 50x | as long as short |
| Polymarket Perps WLD-USD | −0.0148% | 1h | 0.4479 | −0.444% | $49K | $2.6M | 10x | as long as short |
| Bybit WLDUSDT | −0.0083% | 8h | 0.4484 | −0.342% | $63.9M | $85.0M | 50x | as long as short |
| Nado WLD-PERP | −0.0065% | 1h | 0.4485 | −0.309% | $235K | $159K | 5x | as long as short |
| Gate WLD_USDT | −0.0062% | 8h | 0.4487 | −0.275% | $7.0M | $30.9M | 75x | as long as short |
| 01 Exchange WLDUSD | −0.0016% | 1h | 0.4486 | −0.307% | $321 | $55 | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4488 | −0.253% | $51K | $4.2M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4489 | −0.231% | $102K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4488 | −0.263% | $65K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | −0.498% | $6K | $185K | 5.5x | as long as short |
Kraken Futures PF_WLDUSD
Polymarket Perps WLD-USD
Bybit WLDUSDT
Nado WLD-PERP
Gate WLD_USDT
01 Exchange WLDUSD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERPShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WLDUSDTM | +0.0077% | 8h | 0.4484 | −0.342% | $6.6M | $10.4M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0091% | 8h | 0.4488 | −0.253% | $27K | $351K | 10x | as long as short |
| Lighter WLDshort | +0.0096% | 1h | 0.4492 | −0.160% | $4.9M | $3.0M | 10x | |
| Hyperliquid WLD | +0.0100% | 1h | 0.4491 | −0.195% | $49.6M | $30.0M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4490 | −0.211% | $211K | $884K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4488 | −0.255% | $58K | $498K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4486 | −0.298% | $85.2M | $312.5M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4485 | −0.320% | $34.2M | $141.2M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4487 | −0.275% | $42.8M | $54.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4485 | −0.320% | $29.7M | $28.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4485 | −0.320% | — | $55.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4487 | −0.267% | $128K | $271K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4481 | −0.399% | $2.1M | $1.4M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4484 | −0.338% | $27K | $323K | 20x | as long as short |
| GRVT WLD_USDT_Perplong | +0.0100% | 8h | 0.4499 | long leg | $594K | $2.2M | 10x | |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4485 | −0.320% | $59K | $242K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4492 | −0.164% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4486 | −0.298% | $231 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4483 | −0.364% | $822K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4489 | −0.231% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4484 | −0.342% | $212K | $659K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4487 | −0.275% | $30K | $500 | 3x | as long as short |
| Phoenix WLD | +0.0123% | 1h | 0.4487 | −0.269% | $4K | $40K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4482 | −0.389% | — | — | 20x | as long as short |
| dYdX WLD-USD | +0.0136% | 1h | 0.4491 | −0.176% | $153K | $31K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4489 | −0.225% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4489 | −0.231% | $4.8M | $912K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4489 | −0.231% | $273K | $978K | 50x | as long as short |
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
dYdX WLD-USD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX