Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.109%

Price spread now: Lighter against KuCoin+0.186%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.186%, 7d avg +0.121%

Together, before fees+0.074%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.065% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4455	0.0005	pay 0.0005% / 8h	4h 50m	$6.7M	$10.1M	50x
Short	Lighter WLD	0.4463	0.0096	get 0.0012% / 1h	50m 06s	$4.8M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.186%Rate

Funding earned: $19.11
Price spread: +0.186% → +0.121%: $6.52
Slippage, 4 orders: −$43.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30
Costs to cover: 0.556%
Break-even: 18.0 days

Slippage from KuCoin: 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 KuCoin live order book, 1 min ago	1.12 bp	22.6 bp −$23	47.9 bp −$479	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.23 bp	4.4 bp −$4	26.8 bp −$268	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
Polymarket Perps WLD-USD	−0.0263%	1h	0.4473	+0.395%	$37K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSD	−0.0187%	1h	0.4463	+0.177%	$836K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0135%	8h	0.4457	+0.045%	$63.6M	$84.7M	50x	as long as short
Nado WLD-PERP	−0.0105%	1h	0.4470	+0.348%	$233K	$157K	5x	as long as short
Gate WLD_USDT	−0.0102%	8h	0.4458	+0.067%	$7.0M	$30.8M	75x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4462	+0.153%	$152K	$31K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4464	+0.202%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4468	+0.292%	$102K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4472	+0.392%	$65K	—	150x	as long as short
KuCoin WLDUSDTMlong	+0.0005%	8h	0.4455	long leg	$6.7M	$10.1M	50x

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni WLD	+0.0006%	8h	0.4457	+0.052%	$2.0M	$1.4M	—	as long as short
01 Exchange WLDUSD	+0.0024%	1h	0.4472	+0.375%	$320	$55	5x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	+0.494%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0036%	1h	0.4472	+0.382%	$4K	$41K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0079%	8h	0.4465	+0.224%	$27K	$209K	10x	as long as short
Lighter WLDshort	+0.0096%	1h	0.4463	+0.186%	$4.8M	$3.0M	10x
Aster WLDUSDT	+0.0100%	8h	0.4458	+0.067%	$219K	$905K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4462	+0.163%	$64K	$514K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4458	+0.067%	$84.5M	$312.9M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4457	+0.045%	$34.3M	$141.2M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4457	+0.045%	$41.0M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4457	+0.045%	$29.2M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4457	+0.045%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4459	+0.085%	$127K	$277K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4471	+0.349%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4472	+0.382%	$598K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4472	+0.382%	$47K	$249K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4472	+0.382%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4466	+0.247%	$229	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4455	0.000%	$817K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4456	+0.022%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4463	+0.190%	$211K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4466	+0.242%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4469	+0.321%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4473	+0.411%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4459	+0.090%	$4.7M	$891K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0264%	1h	0.4469	+0.314%	$271K	$974K	50x	as long as short
Hyperliquid WLD	+0.0629%	1h	0.4465	+0.220%	$51.1M	$28.7M	10x	as long as short