Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.101%

Price spread now: Binance against Lighter−0.165%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days+0.193%+$19 · spread now −0.165%, 7d avg −0.101%

Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4527	0.0272	pay 0.0034% / 1h	1m 56s	$4.9M	$2.9M	10x
Short	Binance WLDUSDT	0.4520	0.0100	get 0.0100% / 8h	1m 56s	$86.7M	$333.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.165%Rate

Funding earned: −$36.12
Price spread: −0.165% → −0.101%: −$6.41
Slippage, 4 orders: −$15.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.13
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 12 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 Lighter live order book, 6 min ago	2.65 bp	5.7 bp −$6	29.4 bp −$294	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.11 bp	7.7 bp −$8	14.9 bp −$149	54.2 bp −$5,422	180.8 bp −$90.4K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.422%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4519	−0.182%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4517	−0.223%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4521	−0.135%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.155%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0004%	1h	0.4517	−0.223%	$234K	$175K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4519	−0.179%	$27K	$645K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4519	−0.186%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	−0.188%	$54K	$543K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4520	−0.165%	$86.7M	$333.2M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4517	−0.223%	$63.9M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4519	−0.179%	$34.1M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4518	−0.201%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4519	−0.179%	$41.9M	$57.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	−0.201%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4519	−0.179%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4518	−0.201%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	−0.141%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.402%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	−0.275%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	−0.201%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.267%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4521	−0.146%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	−0.091%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4521	−0.135%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4515	−0.267%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	−0.157%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.236%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4521	−0.146%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4518	−0.192%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4519	−0.175%	$4K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4519	−0.178%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4515	−0.267%	$4.8M	$896K	75x	as long as short
01 Exchange WLDUSD	+0.0224%	1h	0.4523	−0.088%	$324	$55	5x	as long as short
Lighter WLDlong	+0.0272%	1h	0.4527	long leg	$4.9M	$2.9M	10x
Hyperliquid WLD	+0.0403%	1h	0.4524	−0.071%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4523	−0.091%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4522	−0.107%	$869K	$2.8M	50x	as long as short