Funding you earn now, next payment 22:00 UTC−0.0528%/8h= −57.8% APRnext payment −$0.66 per $10,000 · paid last 24h +0.006%
Price spread now: Coinbase International against Lighter−0.198%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.198%, 7d avg −0.068%
=Together, before fees+0.111%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.130% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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 | Lighter WLD | 0.4595 | 0.0952 | pay 0.0119% / 1h | 21m 27s | $5.2M | $2.1M | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4586 | 0.0424 | get 0.0053% / 1h | 21m 27s | $270K | $1.6M | 50x |
Lighter WLD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$110.88
- Price spread: −0.198% → −0.068%
- −$13.01
- Slippage, 4 orders
- −$51.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$185.12
- Costs to cover
- 0.612%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Coinbase International: live order book, 2 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 | 4.46 bp | 6.3 bp −$6 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.55 bp | 16.5 bp −$16 | 21.5 bp −$215 | 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 | −0.0319% | 8h | 0.4573 | −0.481% | $61K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4623 | +0.607% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4584 | −0.234% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4582 | −0.285% | $108K | $900K | 25x | as long as short |
| Orderly PERP_WLD_USDC | +0.0001% | 8h | 0.4579 | −0.350% | $28K | $913K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4580 | −0.325% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0004% | 8h | 0.4582 | −0.285% | $7.0M | $10.8M | 50x | as long as short |
| Nado WLD-PERP | +0.0050% | 1h | 0.4581 | −0.307% | $276K | $169K | 5x | as long as short |
| Variational Omni WLD | +0.0074% | 8h | 0.4588 | −0.156% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4583 | −0.258% | $201K | $986K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Orderly PERP_WLD_USDC
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4584 | −0.247% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4582 | −0.287% | $86.7M | $297.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4580 | −0.329% | $65.6M | $82.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4578 | −0.372% | $34.3M | $141.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4582 | −0.285% | $7.5M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4583 | −0.263% | $49.0M | $52.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4581 | −0.307% | $30.2M | $25.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4582 | −0.285% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4585 | −0.224% | $129K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4585 | −0.227% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4592 | −0.072% | $617K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | −0.155% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4581 | −0.309% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4582 | −0.285% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4581 | −0.307% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.394% | $864K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4580 | −0.329% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4580 | −0.326% | $240K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4581 | −0.298% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4587 | −0.172% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4578 | −0.374% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4586 | −0.205% | $908K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4572 | −0.503% | $4.9M | $813K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4586 | −0.200% | $328 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4579 | −0.354% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0424% | 1h | 0.4586 | −0.198% | $270K | $1.6M | 50x | |
| Hyperliquid WLD | +0.0776% | 1h | 0.4584 | −0.233% | $49.8M | $43.1M | 10x | as long as short |
| Lighter WLDlong | +0.0952% | 1h | 0.4595 | long leg | $5.2M | $2.1M | 10x |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD