Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.092%

Price spread now: Gate against Lighter−0.190%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days+0.171%+$17 · spread now −0.190%, 7d avg −0.108%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.082% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4570	0.0096	pay 0.0012% / 1h	3m 43s	$4.9M	$2.4M	10x
Short	Gate WLD_USDT	0.4561	0.0100	get 0.0100% / 8h	4h 03m	$7.2M	$37.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.190%Rate

Funding earned: $0.84
Price spread: −0.190% → −0.108%: −$8.2
Slippage, 4 orders: −$31.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.19
Costs to cover: 0.468%
Break-even: 458.6 days

Slippage from Lighter: live order book, 4 min ago; Gate: live order book, 5 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	1.53 bp	8.0 bp −$8	38.1 bp −$381	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.10 bp	18.7 bp −$19	40.0 bp −$400	58.6 bp −$5,856	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
Nado WLD-PERP	−0.0046%	1h	0.4555	−0.333%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4564	−0.133%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4556	−0.300%	$53K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	−0.212%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4561	−0.190%	$6.9M	$11.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.291%	$6K	$185K	5.5x	as long as short
Lighter WLDlong	+0.0096%	1h	0.4570	long leg	$4.9M	$2.4M	10x
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4561	−0.190%	$28K	$885K	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4555	−0.324%	$46K	$2.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4564	−0.134%	$211K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4553	−0.365%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4564	−0.125%	$86.5M	$328.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4562	−0.169%	$65.0M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4563	−0.147%	$34.3M	$149.9M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4561	−0.190%	$7.2M	$37.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4562	−0.169%	$43.4M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.169%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4561	−0.190%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4564	−0.129%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	−0.306%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4562	−0.177%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	−0.190%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4563	−0.147%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4560	−0.212%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4563	−0.147%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.344%	$832K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4568	−0.037%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−0.230%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4562	−0.169%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4555	−0.315%	$326	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.272%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4568	−0.039%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0189%	1h	0.4562	−0.169%	$124K	$963K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4550	−0.431%	$4.9M	$827K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4561	−0.196%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0334%	1h	0.4569	−0.013%	$50.2M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4566	−0.088%	$881K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4561	−0.190%	$267K	$1.6M	50x	as long as short