Funding you earn now, next payment 03:00 UTC+0.0948%/8h= +103.8% APRnext payment +$1.19 per $10,000 · paid last 24h +0.226%
Price spread now: GMX against Lighter−0.230%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. GMX is 0.230% cheaper against Lighter than usual: you would sell low and buy high (spread −0.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 19 hours of funding at the current rate (+$28 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4625 | 0.0320 | pay 0.0040% / 1h | 39m 27s | $5.0M | $2.3M | 10x |
| Short | GMX WLD/USD [ETH-USDC] | 0.4615 | L +0.0230% / S −0.1268% | get 0.0159% / 1h | 39m 27s | $5K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $199.1
- Price spread: −0.230% → 0.000%
- −$23
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $164.1
- Costs to cover
- 0.120%
- Break-even
- 1.2 days
Slippage unknown: Lighter: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.
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, 8 min ago | 3.58 bp | 11.5 bp −$11 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0139% | 8h | 0.4633 | +0.169% | $58K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0039% | 8h | 0.4617 | −0.177% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4621 | −0.100% | $165K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4616 | −0.203% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0054% | 1h | 0.4622 | −0.080% | $267K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0072% | 8h | 0.4634 | +0.190% | $28K | $893K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4627 | +0.040% | $176K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4622 | −0.072% | $48K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4619 | −0.128% | $87.7M | $324.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4619 | −0.134% | $66.0M | $87.9M | 50x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4621 | −0.091% | $34.9M | $148.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4619 | −0.134% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4616 | −0.199% | $45.4M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4620 | −0.112% | $30.6M | $29.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4616 | −0.199% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4634 | +0.192% | $138K | $288K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4632 | +0.138% | $2.1M | $1.8M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4631 | +0.120% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4659 | +0.722% | $617K | $1.8M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4646 | +0.450% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4619 | −0.130% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4637 | +0.255% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4631 | +0.125% | $294 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4634 | +0.190% | $846K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4634 | +0.190% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4617 | −0.172% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4632 | +0.158% | $31K | $600 | 3x | as long as short |
| 01 Exchange WLDUSD | +0.0120% | 1h | 0.4619 | −0.132% | $330 | $80 | 5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4619 | −0.140% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4639 | +0.307% | $5K | $57K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0182% | 1h | 0.4635 | +0.212% | $120K | $923K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4627 | +0.039% | $5.0M | $803K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC]short | L +0.0230% / S −0.1268% | 1h | 0.4615 | −0.230% | $5K | — | 100x | |
| Lighter WLDlong | +0.0320% | 1h | 0.4625 | long leg | $5.0M | $2.3M | 10x | |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4640 | +0.320% | $276K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0516% | 1h | 0.4627 | +0.045% | $51.5M | $42.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4650 | +0.536% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0894% | 1h | 0.4634 | +0.181% | $902K | $2.9M | 50x | as long as short |
Lighter WLD
GMX WLD/USD [ETH-USDC]
Kalshi KXWLDPERP
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Aster WLDUSDT
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
Phemex WLDUSDT
Extended WLD-USD
01 Exchange WLDUSD
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD