Funding you earn now, next payment 22:00 UTC−0.0860%/8h= −94.2% APRnext payment −$1.08 per $10,000 · paid last 24h −0.006%
Price spread now: Hyperliquid against Lighter−0.159%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.159%, 7d avg −0.033%
=Together, before fees−0.002%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Hyperliquid is 0.126% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.08 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 | 0.4526 | 0.0960 | pay 0.0120% / 1h | 12m 38s | $5.1M | $2.1M | 10x |
| Short | Hyperliquid WLD | 0.4519 | 0.0100 | get 0.0013% / 1h | 12m 38s | $46.3M | $41.2M | 10x |
Lighter WLD
Hyperliquid WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$180.6
- Price spread: −0.159% → −0.033%
- −$12.63
- Slippage, 4 orders
- −$28.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$230.28
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Hyperliquid: live order book, 11 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, 5 min ago | 2.75 bp | 8.6 bp −$9 | 38.3 bp −$383 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.10 bp | 11.7 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0482% | 8h | 0.4519 | −0.152% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0019% | 8h | 0.4516 | −0.219% | $27K | $916K | 10x | as long as short |
| KuCoin WLDUSDTM | −0.0002% | 8h | 0.4513 | −0.285% | $7.0M | $10.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4516 | −0.227% | $154K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4518 | −0.175% | $122K | $911K | 25x | as long as short |
| Variational Omni WLD | +0.0001% | 8h | 0.4531 | +0.119% | $2.1M | $1.6M | — | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4518 | −0.185% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0036% | 1h | 0.4515 | −0.241% | $269K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4542 | +0.354% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0080% | 8h | 0.4514 | −0.263% | $33.7M | $137.3M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Variational Omni WLD
gTrade (Gains Network) WLD/USD
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 | +0.0088% | 8h | 0.4515 | −0.241% | $52.3M | $48.0M | 300x | as long as short |
| Binance WLDUSDT | +0.0088% | 8h | 0.4516 | −0.222% | $84.8M | $293.0M | 75x | as long as short |
| Hyperliquid WLDshort | +0.0100% | 1h | 0.4519 | −0.159% | $46.3M | $41.2M | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4517 | −0.192% | $214K | $982K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4516 | −0.222% | $51K | $482K | 5x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4514 | −0.263% | $64.4M | $80.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4512 | −0.307% | $7.3M | $34.8M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4514 | −0.263% | $29.9M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4515 | −0.241% | — | $68.0M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4517 | −0.201% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4531 | +0.111% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4539 | +0.289% | $609K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4533 | +0.157% | $54K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4517 | −0.194% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4522 | −0.086% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4514 | −0.263% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4516 | −0.219% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4515 | −0.241% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4513 | −0.282% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4516 | −0.215% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4515 | −0.234% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0209% | 8h | 0.4518 | −0.175% | $4.9M | $808K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0216% / S −0.1712% | 1h | 0.4516 | −0.208% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4519 | −0.146% | $323 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.356% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4533 | +0.157% | $278K | $1.6M | 50x | as long as short |
| Lighter WLDlong | +0.0960% | 1h | 0.4526 | long leg | $5.1M | $2.1M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1104% | 1h | 0.4518 | −0.165% | $920K | $2.6M | 50x | as long as short |
MEXC WLD_USDT
Binance WLDUSDT
Aster WLDUSDT
Pacifica WLD
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
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