Funding you earn now, next payment 22:00 UTC−0.0836%/8h= −91.5% APRpaid last 24h −0.043%
Price spread now: GRVT against Lighter−0.251%78s7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)+0.424%+$42 · spread now −0.251%, 7d avg −0.122%
=Together, before fees+0.381%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and GRVT is 0.129% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.122%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. 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 | 0.4522 | 0.0936 | pay 0.0117% / 1h | 2m 22s | $5.1M | $2.1M | 10x |
| Short | GRVT WLD_USDT_Perp | 0.4510 | 0.0100 | get 0.0100% / 8h | 2h 02m | $605K | $1.9M | 10x |
Lighter WLD
GRVT WLD_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$175.56
- Price spread: −0.251% → −0.122%
- −$12.92
- Slippage, 4 orders
- −$46.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$244
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; GRVT: live order book, 1 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 | 1.76 bp | 12.7 bp −$13 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.11 bp | 13.5 bp −$13 | 32.4 bp −$324 | 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 | −0.0489% | 8h | 0.4519 | −0.058% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0015% | 8h | 0.4513 | −0.190% | $27K | $916K | 10x | as long as short |
| KuCoin WLDUSDTM | −0.0003% | 8h | 0.4512 | −0.212% | $7.0M | $10.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4522 | +0.003% | $154K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4513 | −0.190% | $122K | $911K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4515 | −0.156% | $56K | — | 150x | as long as short |
| Variational Omni WLD | +0.0018% | 8h | 0.4512 | −0.206% | $2.1M | $1.7M | — | as long as short |
| Nado WLD-PERP | +0.0042% | 1h | 0.4515 | −0.157% | $271K | $169K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4522 | 0.000% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0094% | 8h | 0.4513 | −0.190% | $33.7M | $137.6M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0098% | 8h | 0.4513 | −0.190% | $49.3M | $48.7M | 300x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4519 | −0.064% | $46.4M | $41.4M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4518 | −0.090% | $212K | $976K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4521 | −0.007% | $51K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4514 | −0.175% | $84.7M | $293.1M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4512 | −0.212% | $64.3M | $80.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4514 | −0.168% | $7.3M | $34.9M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4510 | −0.257% | $29.9M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4514 | −0.168% | — | $68.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4524 | +0.060% | $128K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4509 | −0.277% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perpshort | +0.0100% | 8h | 0.4510 | −0.251% | $605K | $1.9M | 10x | |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4509 | −0.279% | $54K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4518 | −0.077% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.080% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4512 | −0.212% | $199 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4516 | −0.124% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4513 | −0.190% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4510 | −0.256% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4513 | −0.180% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4512 | −0.206% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0219% | 8h | 0.4518 | −0.080% | $4.8M | $808K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1996% | 1h | 0.4514 | −0.176% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0304% | 1h | 0.4522 | +0.004% | $324 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.451% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4521 | −0.013% | $277K | $1.6M | 50x | as long as short |
| Lighter WLDlong | +0.0936% | 1h | 0.4522 | long leg | $5.1M | $2.1M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1105% | 1h | 0.4515 | −0.152% | $918K | $2.6M | 50x | as long as short |
MEXC WLD_USDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
ApeX Omni WLDUSDT
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
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD