Funding you earn now, next payment 23:00 UTC−0.1031%/8h= −112.9% APRnext payment −$1.29 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against Lighter+0.671%66s7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)−0.546%−$55 · spread now +0.671%, 7d avg +0.065%
=Together, before fees−0.657%+ Points / potential airdropLighter: Season 3 · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.606% dearer against Lighter than usual: you sell high and buy low (spread +0.671% now, against its 7-day average of +0.065%): +$61 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.111% in total) that is about 38 days. The two prices were read 66 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 -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 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 | 0.4592 | 0.0952 | pay 0.0119% / 1h | 22m 02s | $5.2M | $2.1M | 10x |
| Short | Injective WLD/USDC PERP | 0.4623 | −0.0079 | pay 0.0010% / 1h | 22m 02s | $6K | $185K | 5.5x |
Lighter WLD
Injective WLD/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$216.45
- Price spread: +0.671% → +0.065%
- $60.59
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$155.88
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 6 min ago; Injective: live order book, 27 min ago. 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, 6 min ago | 4.46 bp | 6.3 bp −$6 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Injective live order book, 27 min ago | 81.43 bp | doesn't fit | 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 | −0.0319% | 8h | 0.4573 | −0.418% | $61K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERPshort | −0.0079% | 1h | 0.4623 | +0.671% | $6K | $185K | 5.5x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4576 | −0.350% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4582 | −0.222% | $108K | $900K | 25x | as long as short |
| Orderly PERP_WLD_USDC | +0.0001% | 8h | 0.4579 | −0.287% | $28K | $913K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4580 | −0.262% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0004% | 8h | 0.4578 | −0.309% | $7.0M | $10.8M | 50x | as long as short |
| Nado WLD-PERP | +0.0054% | 1h | 0.4577 | −0.331% | $276K | $169K | 5x | as long as short |
| Variational Omni WLD | +0.0074% | 8h | 0.4588 | −0.093% | $2.1M | $1.6M | — | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4580 | −0.264% | $201K | $986K | 50x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Orderly PERP_WLD_USDC
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4577 | −0.322% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4583 | −0.192% | $86.7M | $297.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4584 | −0.179% | $65.7M | $82.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4583 | −0.200% | $34.3M | $141.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4580 | −0.266% | $7.4M | $35.3M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4580 | −0.266% | $49.0M | $51.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4582 | −0.222% | $30.2M | $25.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4581 | −0.244% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4585 | −0.161% | $129K | $270K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4585 | −0.164% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4592 | −0.009% | $617K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | −0.091% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4579 | −0.294% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4582 | −0.222% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4581 | −0.244% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.331% | $864K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4580 | −0.266% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4579 | −0.285% | $240K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4581 | −0.235% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4587 | −0.109% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4576 | −0.355% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4586 | −0.142% | $908K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4572 | −0.440% | $4.9M | $813K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4582 | −0.226% | $328 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4579 | −0.291% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4586 | −0.135% | $270K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0785% | 1h | 0.4587 | −0.109% | $49.9M | $43.1M | 10x | as long as short |
| Lighter WLDlong | +0.0952% | 1h | 0.4592 | long leg | $5.2M | $2.1M | 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
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
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Hyperliquid WLD