WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0702%/8h= +76.8% APRnext payment +$0.88 per $10,000 · paid last 24h −0.074%

Price spread now: Kraken Futures against Lighter−0.098%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.599%+$60 · spread now −0.098%, 7d avg −0.085%

Together, before fees+0.548%+ Points / potential airdropLighter: Season 3 · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 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	0.4638	0.0192	pay 0.0024% / 1h	31m 53s	$5.0M	$2.3M	10x
Short	Kraken Futures PF_WLDUSD	0.4634	0.0894	get 0.0112% / 1h	31m 53s	$900K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.098%Rate

Funding earned: $147.34
Price spread: −0.098% → −0.085%: −$1.3
Slippage, 4 orders: −$52.19
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $83.86
Costs to cover: 0.622%
Break-even: 3.0 days

Slippage from Lighter: live order book, 6 min ago; Kraken Futures: live order book, 2 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	2.16 bp	9.1 bp −$9	35.5 bp −$355	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.47 bp	19.8 bp −$20	29.3 bp −$293	1100.1 bp −$110.0K	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	−0.0134%	8h	0.4634	−0.093%	$57K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4636	−0.050%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	−0.080%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	−0.114%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4634	−0.093%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0022%	1h	0.4636	−0.060%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0073%	8h	0.4632	−0.136%	$28K	$893K	10x	as long as short
01 Exchange WLDUSD	+0.0088%	1h	0.4635	−0.080%	$332	$80	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4635	−0.080%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	−0.056%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4636	−0.050%	$88.0M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4636	−0.050%	$66.2M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4637	−0.028%	$35.0M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4635	−0.071%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4636	−0.050%	$45.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4638	−0.006%	$30.7M	$29.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4636	−0.050%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4633	−0.116%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4633	−0.123%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4635	−0.066%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4634	−0.093%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4643	+0.101%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4635	−0.080%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4640	+0.037%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	−0.157%	$290	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4635	−0.071%	$846K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4631	−0.157%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4635	−0.067%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4633	−0.114%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4633	−0.110%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4625	−0.295%	$5K	$57K	10x	as long as short
Lighter WLDlong	+0.0192%	1h	0.4638	long leg	$5.0M	$2.3M	10x
BloFin WLD-USDT	+0.0220%	8h	0.4638	−0.006%	$5.0M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4633	−0.118%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4624	−0.308%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0486%	1h	0.4640	+0.032%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.481%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0894%	1h	0.4634	−0.098%	$900K	$2.9M	50x