Funding you earn now, next payment 22:00 UTC−0.0972%/8h= −106.4% APRpaid last 24h −0.027%
Price spread now: BingX against Lighter−0.163%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.163%, 7d avg −0.117%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and BingX is 0.045% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.117%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment. 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 | Lighter WLD | 0.4547 | 0.1072 | pay 0.0134% / 1h | 35m 29s | $5.1M | $2.0M | 10x |
| Short | BingX WLD-USDT | 0.4540 | 0.0100 | get 0.0100% / 8h | 2h 35m | — | $67.9M | — |
Lighter WLD
BingX WLD-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$204.12
- Price spread: −0.163% → −0.117%
- −$4.53
- Slippage, 4 orders
- −$26.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$244.91
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; BingX: live order book, 8 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, 2 min ago | 4.83 bp | 9.2 bp −$9 | 32.0 bp −$320 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 2.20 bp | 9.0 bp −$9 | 13.7 bp −$137 | 35.3 bp −$3,527 | 112.0 bp −$56.0K |
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 | −0.0557% | 8h | 0.4532 | −0.339% | $44K | $3.8M | 1.7x | as long as short |
| Variational Omni WLD | −0.0037% | 8h | 0.4543 | −0.107% | $2.1M | $1.6M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0026% | 8h | 0.4534 | −0.295% | $28K | $918K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4540 | −0.167% | $155K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4535 | −0.273% | $129K | $896K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4534 | −0.304% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0015% | 8h | 0.4536 | −0.251% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0046% | 1h | 0.4541 | −0.152% | $271K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4536 | −0.257% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0061% | 8h | 0.4540 | −0.163% | $34.0M | $137.5M | 50x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0098% | 8h | 0.4541 | −0.141% | $65.1M | $80.1M | 50x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4539 | −0.191% | $47.0M | $40.7M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4539 | −0.185% | $215K | $981K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4540 | −0.166% | $50K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4541 | −0.146% | $85.8M | $291.6M | 75x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4538 | −0.207% | $7.4M | $34.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4539 | −0.185% | $52.6M | $47.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4540 | −0.163% | $30.0M | $25.1M | 75x | as long as short |
| BingX WLD-USDTshort | +0.0100% | 8h | 0.4540 | −0.163% | — | $67.9M | — | |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4531 | −0.361% | $128K | $274K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4544 | −0.066% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4540 | −0.162% | $613K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4543 | −0.097% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4541 | −0.130% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4537 | −0.229% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4528 | −0.427% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.185% | $856K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4529 | −0.405% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4538 | −0.196% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4534 | −0.298% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4539 | −0.188% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4535 | −0.262% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4545 | −0.053% | $4.9M | $802K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.640% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4533 | −0.317% | $280K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0464% | 1h | 0.4546 | −0.029% | $325 | $77 | 5x | as long as short |
| Lighter WLDlong | +0.1072% | 1h | 0.4547 | long leg | $5.1M | $2.0M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1101% | 1h | 0.4530 | −0.383% | $919K | $2.6M | 50x | as long as short |
Bybit WLDUSDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
Backpack WLD_USDC_PERP
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
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD