Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.093%

Price spread now: OKX against Lighter−0.099%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.099%, 7d avg −0.128%

Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.029% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4567	0.0096	pay 0.0012% / 1h	46m 42s	$4.9M	$2.4M	10x
Short	OKX WLD-USDT-SWAP	0.4563	0.0100	get 0.0100% / 8h	4h 46m	$34.2M	$148.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0.84
Price spread: −0.099% → −0.128%: $2.9
Slippage, 4 orders: −$18.85
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.1
Costs to cover: 0.288%
Break-even: 216.2 days

Slippage from Lighter: live order book, 6 min ago; OKX: 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	3.93 bp	4.1 bp −$4	31.1 bp −$311	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.10 bp	8.2 bp −$8	21.7 bp −$217	185.1 bp −$18.5K	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	−0.0107%	8h	0.4565	−0.055%	$62K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0079%	1h	0.4565	−0.049%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0036%	8h	0.4560	−0.164%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4562	−0.117%	$156K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4563	−0.099%	$115K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4565	−0.049%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0008%	1h	0.4572	+0.107%	$327	$80	5x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.208%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0083%	8h	0.4560	−0.164%	$28K	$888K	10x	as long as short
Lighter WLDlong	+0.0096%	1h	0.4567	long leg	$4.9M	$2.4M	10x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4563	−0.106%	$189K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4565	−0.065%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4565	−0.055%	$86.6M	$327.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4564	−0.077%	$65.0M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4563	−0.099%	$34.2M	$148.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4563	−0.099%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4565	−0.055%	$44.4M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4564	−0.077%	$30.1M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4565	−0.055%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4565	−0.055%	$135K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4575	+0.158%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4559	−0.186%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4561	−0.142%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4559	−0.186%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4570	+0.044%	$41K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4577	+0.208%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4561	−0.142%	$171	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4567	−0.011%	$836K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4564	−0.077%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	−0.103%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	−0.136%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4565	−0.049%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4563	−0.092%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0167%	1h	0.4565	−0.063%	$50.1M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.077%	$4.9M	$845K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4566	−0.041%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4563	−0.105%	$883K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4571	+0.077%	$268K	$1.7M	50x	as long as short