Funding you earn now, next payment 06:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.119%
Price spread now: Nado against Lighter−0.029%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Funding, last 3 days (all we have)−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.029%, 7d avg −0.151%
=Together, before fees−0.248%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.123% dearer against Lighter than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.151%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4546 | 0.0104 | pay 0.0013% / 1h | 16m 51s | $4.9M | $2.9M | 10x |
| Short | Nado WLD-PERP | 0.4545 | −0.0054 | pay 0.0007% / 1h | 16m 51s | $244K | $207K | 5x |
Lighter WLD
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$33.25
- Price spread: −0.029% → −0.151%
- $12.29
- Slippage, 4 orders
- −$28.69
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$56.65
- Costs to cover
- 0.357%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 31 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 | 8.44 bp | 11.8 bp −$12 | 36.1 bp −$361 | doesn't fit | doesn't fit |
| Sell Nado live order book, 31 min ago | 2.11 bp | 5.6 bp −$6 | 27.3 bp −$273 | 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-PERPshort | −0.0054% | 1h | 0.4545 | −0.029% | $244K | $207K | 5x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4540 | −0.137% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4539 | −0.161% | $53K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4542 | −0.097% | $66K | — | 150x | as long as short |
| 01 Exchange WLDUSD | +0.0048% | 1h | 0.4545 | −0.033% | $325 | $55 | 5x | as long as short |
| KuCoin WLDUSDTM | +0.0052% | 8h | 0.4538 | −0.183% | $6.7M | $11.9M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0069% | 1h | 0.4541 | −0.110% | $40K | $2.4M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4542 | −0.095% | $28K | $796K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4539 | −0.152% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4545 | −0.033% | $51K | $539K | 5x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
01 Exchange WLDUSD
KuCoin WLDUSDTM
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4542 | −0.096% | $86.5M | $338.4M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4541 | −0.117% | $64.7M | $91.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4543 | −0.073% | $34.3M | $154.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4540 | −0.139% | $7.2M | $37.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4540 | −0.139% | $39.3M | $56.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4543 | −0.073% | $30.0M | $31.0M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4540 | −0.139% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4543 | −0.066% | $135K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4510 | −0.805% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4512 | −0.754% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4535 | −0.249% | $605K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4536 | −0.227% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4548 | +0.037% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4542 | −0.095% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4540 | −0.139% | $831K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4541 | −0.117% | $1.8M | $3.7M | 50x | as long as short |
| Lighter WLDlong | +0.0104% | 1h | 0.4546 | long leg | $4.9M | $2.9M | 10x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4539 | −0.171% | $222K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4540 | −0.132% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4540 | −0.132% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4534 | −0.275% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4513 | −0.732% | $6K | $185K | 5.5x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0190% | 1h | 0.4543 | −0.073% | $145K | $1.0M | 25x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4541 | −0.127% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4545 | −0.029% | $4.8M | $923K | 75x | as long as short |
| Hyperliquid WLD | +0.0278% | 1h | 0.4549 | +0.064% | $49.3M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0499% | 1h | 0.4545 | −0.028% | $865K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4548 | +0.037% | $277K | $1.7M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
Deribit WLD_USDC-PERPETUAL
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX