Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.107%

Price spread now: KuCoin against Lighter−0.088%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 7 days+0.164%+$16 · spread now −0.088%, 7d avg −0.113%

Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.024% dearer against Lighter than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.113%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4528	0.0152	pay 0.0019% / 1h	52m 30s	$4.9M	$2.9M	10x
Short	KuCoin WLDUSDTM	0.4524	0.0036	get 0.0036% / 8h	2h 52m	$6.8M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$24.36
Price spread: −0.088% → −0.113%: $2.42
Slippage, 4 orders: −$47.6
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.54
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; KuCoin: 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	2.00 bp	7.0 bp −$7	26.2 bp −$262	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	1.12 bp	19.8 bp −$20	43.0 bp −$430	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
Nado WLD-PERP	−0.0040%	1h	0.4522	−0.121%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	−0.127%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4513	−0.331%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4518	−0.221%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4516	−0.265%	$65K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0036%	8h	0.4524	−0.088%	$6.8M	$11.9M	50x
Polymarket Perps WLD-USD	+0.0053%	1h	0.4512	−0.351%	$47K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4527	−0.015%	$324	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4517	−0.243%	$28K	$854K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4522	−0.128%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4524	−0.090%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4523	−0.110%	$86.0M	$336.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4524	−0.088%	$64.2M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4523	−0.110%	$34.2M	$153.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4523	−0.110%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4525	−0.066%	$39.0M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4525	−0.066%	$29.8M	$30.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4524	−0.088%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4519	−0.208%	$134K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	−0.117%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.334%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4524	−0.080%	$600K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4518	−0.221%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	−0.243%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.375%	$825K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4521	−0.155%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4524	−0.093%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4518	−0.226%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4514	−0.303%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	−0.846%	$5K	$52K	10x	as long as short
Lighter WLDlong	+0.0152%	1h	0.4528	long leg	$4.9M	$2.9M	10x
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.199%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4516	−0.271%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4515	−0.287%	$4.8M	$927K	75x	as long as short
ApeX Omni WLDUSDT	+0.0243%	1h	0.4518	−0.221%	$48K	$240K	50x	as long as short
Hyperliquid WLD	+0.0322%	1h	0.4527	−0.029%	$49.1M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4518	−0.212%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4521	−0.155%	$266K	$1.7M	50x	as long as short