Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.144%

Price spread now: Lighter against Kalshi+0.215%7-day average +0.228% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Kalshi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$40 on $10k

Price spread, last 7 days−0.201%−$20 · spread now +0.215%, 7d avg +0.228%

Together, before fees+0.194%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.228%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4520	0	get 0.0000% / 8h	6h 52m	$72K	$4.8M	1.7x
Short	Lighter WLD	0.4530	0.0144	get 0.0018% / 1h	52m 07s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kalshi. 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 KalshibpFee LighterbpOrdersPrice spread, now +0.215%Rate

Funding earned: $30.24
Price spread: +0.215% → +0.228%: −$1.36
Slippage, 4 orders: −$29.45
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.57
Costs to cover: 0.395%
Break-even: 9.4 days

Slippage from Kalshi: live order book, 1 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 Kalshi live order book, 1 min ago	6.64 bp	13.1 bp −$13	20.6 bp −$206	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.00 bp	6.3 bp −$6	33.9 bp −$339	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	−0.0040%	1h	0.4522	+0.055%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	+0.049%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4520	long leg	$72K	$4.8M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4525	+0.111%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.064%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0036%	8h	0.4524	+0.088%	$6.8M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0070%	1h	0.4521	+0.027%	$47K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4527	+0.162%	$324	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4524	+0.088%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4521	+0.011%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4524	+0.087%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	+0.066%	$86.0M	$336.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4522	+0.044%	$64.2M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4523	+0.066%	$34.2M	$153.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4523	+0.066%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	+0.066%	$38.9M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4521	+0.022%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4524	+0.088%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4524	+0.095%	$134K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	+0.060%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.158%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4524	+0.097%	$600K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.265%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4525	+0.111%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	0.000%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	+0.111%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4523	+0.073%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.128%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4522	+0.050%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	−0.670%	$5K	$52K	10x	as long as short
Lighter WLDshort	+0.0144%	1h	0.4530	+0.215%	$4.9M	$2.9M	10x
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.022%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	+0.055%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4515	−0.111%	$4.8M	$927K	75x	as long as short
ApeX Omni WLDUSDT	+0.0243%	1h	0.4518	−0.044%	$48K	$240K	50x	as long as short
Hyperliquid WLD	+0.0333%	1h	0.4529	+0.201%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4527	+0.152%	$867K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4527	+0.155%	$266K	$1.7M	50x	as long as short