Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.086%

Price spread now: Lighter against HTX+0.261%7-day average +0.290% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.261%, 7d avg +0.290%

Together, before fees+0.171%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.029% cheaper against HTX than usual: you would sell low and buy high (spread +0.261% now, against its 7-day average of +0.290%). If the spread goes back, that is −$3 on $10k: about 3.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.140% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4518	0.0100	pay 0.0100% / 8h	1h 39m	$826K	$1.7M	50x
Short	Lighter WLD	0.4530	0.0128	get 0.0016% / 1h	39m 03s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.261%Rate

Funding earned: $5.88
Price spread: +0.261% → +0.290%: −$2.87
Slippage, 4 orders: −$84.24
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$93.23
Costs to cover: 0.962%
Break-even: 118.0 days

Slippage from HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 5 min ago	11.01 bp	46.9 bp −$47	159.4 bp −$1,594	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	6.83 bp	8.2 bp −$8	29.7 bp −$297	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
dYdX WLD-USD	0.0000%	1h	0.4521	+0.069%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4527	+0.199%	$55K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4524	+0.133%	$150K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4521	+0.064%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0018%	1h	0.4521	+0.077%	$238K	$170K	5x	as long as short
KuCoin WLDUSDTM	+0.0080%	8h	0.4521	+0.066%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4521	+0.066%	$27K	$787K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4523	+0.111%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.018%	$50K	$541K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	+0.111%	$86.3M	$340.3M	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	0.4520	+0.044%	$64.6M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	+0.066%	$34.2M	$154.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4520	+0.044%	$7.1M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4522	+0.089%	$40.0M	$56.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4521	+0.066%	$29.8M	$31.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4521	+0.066%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4522	+0.089%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	+0.326%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4537	+0.413%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4534	+0.363%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4539	+0.465%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4522	+0.082%	$56K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.221%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.111%	$213	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4518	long leg	$826K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4526	+0.177%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4521	+0.064%	$208K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.122%	$31K	$500	3x	as long as short
Lighter WLDshort	+0.0128%	1h	0.4530	+0.261%	$4.9M	$2.9M	10x
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.394%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4521	+0.062%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4524	+0.126%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4535	+0.365%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.100%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4521	+0.066%	$4.8M	$933K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4541	+0.509%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0659%	1h	0.4526	+0.184%	$49.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1046%	1h	0.4525	+0.156%	$869K	$2.9M	50x	as long as short