Funding you earn now, next payment 02:00 UTC−0.0800%/8h= −87.6% APRnext payment −$1.00 per $10,000 · paid last 24h −0.112%
Price spread now: Deribit against Lighter−0.668%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 3 days (all we have)+0.749%+$75 · spread now −0.668%, 7d avg −0.091%
=Together, before fees+0.483%+ Points / potential airdropLighter: Season 3 · farm board+$48 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Deribit is 0.577% cheaper against Lighter than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | 0.4732 | 0.0800 | pay 0.0100% / 1h | 50m 40s | $5.4M | $2.1M | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4700 | 0 | get 0.0000% / 1h | 50m 40s | $132K | $909K | 25x |
Lighter WLD
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$168
- Price spread: −0.668% → −0.091%
- −$57.72
- Slippage, 4 orders
- −$43.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$276.09
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Deribit: live order book, 18 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, 12 min ago | 3.93 bp | 12.9 bp −$13 | 43.6 bp −$436 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 18 min ago | 5.29 bp | 8.8 bp −$9 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni WLDUSDT | −0.0349% | 1h | 0.4701 | −0.647% | $51K | $243K | 50x | as long as short |
| Injective WLD/USDC PERP | −0.0235% | 1h | 0.4675 | −1.196% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0156% | 8h | 0.4697 | −0.731% | $29K | $4.2M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0025% | 8h | 0.4715 | −0.351% | $7.0M | $11.4M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4719 | −0.260% | $161K | $19K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | 0.0000% | 1h | 0.4700 | −0.668% | $132K | $909K | 25x | |
| Nado WLD-PERP | +0.0001% | 1h | 0.4705 | −0.567% | $273K | $178K | 5x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4700 | −0.669% | $67K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0053% | 8h | 0.4700 | −0.668% | $29K | $899K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4715 | −0.353% | $5K | $54K | 10x | as long as short |
ApeX Omni WLDUSDT
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Nado WLD-PERP
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Phoenix WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4712 | −0.407% | $182K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4719 | −0.260% | $55K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4721 | −0.227% | $90.3M | $318.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4723 | −0.182% | $68.0M | $85.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4721 | −0.224% | $35.6M | $152.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4709 | −0.478% | $7.5M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4722 | −0.203% | $48.2M | $54.6M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4725 | −0.139% | $31.6M | $28.4M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4723 | −0.182% | — | $67.5M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4703 | −0.607% | $140K | $285K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4706 | −0.546% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4688 | −0.912% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4708 | −0.506% | $623K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4708 | −0.505% | $69K | $1.9M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4714 | −0.372% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4703 | −0.604% | $226 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4702 | −0.626% | $890K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4702 | −0.626% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4707 | −0.526% | $216K | $879K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4702 | −0.636% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4705 | −0.562% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4696 | −0.752% | $5.0M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4702 | −0.634% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4713 | −0.383% | $337 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4706 | −0.541% | $277K | $1.7M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0636% | 1h | 0.4706 | −0.533% | $934K | $2.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0726% | 1h | 0.4723 | −0.178% | $52.9M | $44.5M | 10x | as long as short |
| Lighter WLDlong | +0.0800% | 1h | 0.4732 | long leg | $5.4M | $2.1M | 10x |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD
Hyperliquid WLD