Funding you earn now, next payment 01:00 UTC−0.0928%/8h= −101.6% APRnext payment −$1.16 per $10,000 · paid last 24h −0.061%
Price spread now: Extended against Lighter−0.307%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.307%, 7d avg −0.189%
=Together, before fees+0.311%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Extended is 0.118% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.189%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.16 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 | 0.4776 | 0.1032 | pay 0.0129% / 1h | 14m 00s | $5.4M | $2.0M | 10x |
| Short | Extended WLD-USD | 0.4761 | 0.0104 | get 0.0013% / 1h | 14m 00s | $220K | $894K | 10x |
Lighter WLD
Extended WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$194.88
- Price spread: −0.307% → −0.189%
- −$11.78
- Slippage, 4 orders
- −$29.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$241.61
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 59 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, 4 min ago | 6.31 bp | 16.9 bp −$17 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 2.18 bp | 4.7 bp −$5 | 11.9 bp −$119 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex WLDUSDT | −0.0188% | 8h | 0.4764 | −0.243% | $1.9M | $3.7M | 50x | as long as short |
| Kalshi KXWLDPERP | −0.0162% | 8h | 0.4763 | −0.264% | $30K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0032% | 1h | 0.4762 | −0.285% | $276K | $178K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0013% | 8h | 0.4761 | −0.306% | $7.1M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4770 | −0.113% | $170K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4766 | −0.201% | $137K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4767 | −0.181% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | −0.662% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0049% | 8h | 0.4764 | −0.243% | $29K | $901K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4766 | −0.197% | $213K | $979K | 50x | as long as short |
Phemex WLDUSDT
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4771 | −0.097% | $56K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4756 | −0.413% | $91.0M | $309.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4750 | −0.536% | $68.8M | $83.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4741 | −0.725% | $36.3M | $150.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4760 | −0.327% | $7.7M | $36.4M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4762 | −0.285% | $49.9M | $54.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4759 | −0.348% | $31.9M | $27.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4760 | −0.327% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4762 | −0.287% | $141K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4758 | −0.374% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4742 | −0.694% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4751 | −0.515% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4743 | −0.683% | $57K | $232K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4769 | −0.130% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4772 | −0.075% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4764 | −0.243% | $235 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4767 | −0.180% | $884K | $1.8M | 50x | as long as short |
| Extended WLD-USDshort | +0.0104% | 1h | 0.4761 | −0.307% | $220K | $894K | 10x | |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4764 | −0.243% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4766 | −0.206% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4760 | −0.320% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4768 | −0.159% | $5.0M | $885K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1538% | 1h | 0.4767 | −0.180% | $7K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4774 | −0.027% | $342 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0316% | 1h | 0.4766 | −0.207% | $944K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4771 | −0.096% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0879% | 1h | 0.4770 | −0.126% | $53.5M | $44.0M | 10x | as long as short |
| Lighter WLDlong | +0.1032% | 1h | 0.4776 | long leg | $5.4M | $2.0M | 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
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD