Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0780%/8h= −85.4% APRpaid last 24h −0.019%

Price spread now: Bitget against Lighter−0.279%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.279%, 7d avg −0.134%

Together, before fees+0.004%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.144% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.134%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% 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	0.4629	0.0880	pay 0.0110% / 1h	55m 08s	$5.1M	$1.9M	10x
Short	Bitget WLDUSDT	0.4616	0.0100	get 0.0100% / 8h	2h 55m	$30.5M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$163.8
Price spread: −0.279% → −0.134%: −$14.43
Slippage, 4 orders: −$32.35
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$222.58
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	5.28 bp	8.7 bp −$9	29.0 bp −$290	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.16 bp	9.8 bp −$10	23.2 bp −$232	104.9 bp −$10.5K	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	−0.0340%	8h	0.4618	−0.235%	$31K	$3.7M	1.7x	as long as short
Phoenix WLD	−0.0091%	1h	0.4637	+0.184%	$5K	$52K	10x	as long as short
Variational Omni WLD	−0.0069%	8h	0.4630	+0.034%	$2.1M	$1.7M	—	as long as short
Orderly PERP_WLD_USDC	−0.0029%	8h	0.4619	−0.214%	$28K	$921K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	−0.085%	$158K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4621	−0.171%	$156K	$781K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4618	−0.225%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4615	−0.300%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0033%	8h	0.4614	−0.322%	$34.9M	$138.0M	50x	as long as short
Bybit WLDUSDT	+0.0055%	8h	0.4618	−0.235%	$67.9M	$78.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	+0.0076%	1h	0.4619	−0.203%	$357K	$127K	5x	as long as short
MEXC WLD_USDT	+0.0084%	8h	0.4618	−0.235%	$54.5M	$46.0M	300x	as long as short
Binance WLDUSDT	+0.0087%	8h	0.4619	−0.214%	$88.4M	$288.4M	75x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4617	−0.254%	$211K	$977K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4624	−0.110%	$55K	$475K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4617	−0.257%	$7.6M	$33.8M	75x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4616	−0.279%	$30.5M	$24.9M	75x
BingX WLD-USDT	+0.0100%	8h	0.4616	−0.279%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4619	−0.223%	$131K	$282K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.007%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4633	+0.096%	$627K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4632	+0.067%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4617	−0.268%	$57K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4621	−0.171%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4620	−0.192%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4618	−0.235%	$869K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4620	−0.192%	$1.9M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4619	−0.225%	$135K	$744K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4621	−0.171%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4615	−0.299%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0207%	8h	0.4616	−0.279%	$5.0M	$884K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1831%	1h	0.4618	−0.230%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4628	−0.011%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	−0.149%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4628	−0.019%	$280K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0409%	1h	0.4620	−0.186%	$48.0M	$40.5M	10x	as long as short
Lighter WLDlong	+0.0880%	1h	0.4629	long leg	$5.1M	$1.9M	10x
Kraken Futures PF_WLDUSD	+0.1079%	1h	0.4622	−0.147%	$927K	$2.5M	50x	as long as short