Funding you earn now, next payment 01:00 UTC+0.0697%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.076%
Price spread now: Lighter against Kraken Futures+0.169%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.169%, 7d avg +0.083%
=Together, before fees−0.189%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.085% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.083%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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 | Kraken Futures PF_WLDUSD | 0.4731 | 0.0319 | pay 0.0040% / 1h | 7m 56s | $943K | $2.7M | 50x |
| Short | Lighter WLD | 0.4739 | 0.1016 | get 0.0127% / 1h | 7m 56s | $5.4M | $2.0M | 10x |
Kraken Futures PF_WLDUSD
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $146.46
- Price spread: +0.169% → +0.083%
- $8.53
- Slippage, 4 orders
- −$64.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $80.23
- Costs to cover
- 0.748%
- Break-even
- 3.2 days
Slippage from Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago | 9.47 bp | 25.1 bp −$25 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 5.36 bp | 12.7 bp −$13 | 37.1 bp −$371 | 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 | −0.0160% | 8h | 0.4726 | −0.100% | $24K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0026% | 1h | 0.4726 | −0.110% | $274K | $178K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0012% | 8h | 0.4724 | −0.142% | $7.1M | $11.2M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4726 | −0.095% | $169K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4724 | −0.142% | $135K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4726 | −0.100% | $56K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | +0.281% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0050% | 8h | 0.4723 | −0.163% | $29K | $900K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4726 | −0.092% | $208K | $995K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4728 | −0.068% | $56K | $485K | 5x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4724 | −0.142% | $90.4M | $311.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4724 | −0.142% | $68.4M | $83.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4726 | −0.100% | $35.9M | $150.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4727 | −0.079% | $7.5M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4729 | −0.037% | $49.2M | $55.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4729 | −0.037% | $31.7M | $27.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4725 | −0.121% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4728 | −0.068% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | −0.296% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4724 | −0.143% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4749 | +0.394% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4723 | −0.163% | $57K | $232K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4731 | +0.004% | $44K | $1.8M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4731 | +0.006% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4723 | −0.163% | $222 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4721 | −0.206% | $898K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4722 | −0.184% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4726 | −0.091% | $218K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4727 | −0.079% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4724 | −0.136% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4726 | −0.100% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4725 | −0.121% | $5.1M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4724 | −0.141% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4733 | +0.054% | $339 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0319% | 1h | 0.4731 | long leg | $943K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4733 | +0.048% | $277K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0877% | 1h | 0.4733 | +0.059% | $53.1M | $44.0M | 10x | as long as short |
| Lighter WLDshort | +0.1016% | 1h | 0.4739 | +0.169% | $5.4M | $2.0M | 10x |
Binance WLDUSDT
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
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD