Funding you earn now, next payment 23:00 UTC−0.0780%/8h= −85.4% APRnext payment −$0.97 per $10,000 · paid last 24h −0.033%
Price spread now: Polymarket Perps against Lighter+0.054%45s7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now +0.054%, 7d avg −0.111%
=Together, before fees−0.098%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.165% dearer against Lighter than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.111%): +$17 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.114% in total) that is about 10 days. The two prices were read 45 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 -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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 | 0.4598 | 0.0880 | pay 0.0110% / 1h | 37m 41s | $5.2M | $2.1M | 10x |
| Short | Polymarket Perps WLD-USD | 0.4601 | 0.0100 | get 0.0013% / 1h | 37m 41s | $47K | $1.7M | 10x |
Lighter WLD
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$163.8
- Price spread: +0.054% → −0.111%
- $16.54
- Slippage, 4 orders
- −$35.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$190.94
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Polymarket Perps: live order book, 1 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 | 2.71 bp | 15.6 bp −$16 | 38.8 bp −$388 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.37 bp | 7.4 bp −$7 | 8.6 bp −$86 | 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 | −0.0384% | 8h | 0.4600 | +0.033% | $34K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4522 | −1.664% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | −0.0005% | 8h | 0.4604 | +0.120% | $28K | $914K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4591 | −0.158% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4604 | +0.120% | $108K | $890K | 25x | as long as short |
| KuCoin WLDUSDTM | +0.0001% | 8h | 0.4588 | −0.228% | $7.0M | $10.7M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4605 | +0.145% | $57K | — | 150x | as long as short |
| Variational Omni WLD | +0.0046% | 8h | 0.4597 | −0.033% | $2.1M | $1.6M | — | as long as short |
| Nado WLD-PERP | +0.0064% | 1h | 0.4599 | +0.022% | $277K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4597 | −0.024% | $216K | $988K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4589 | −0.199% | $51K | $480K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4589 | −0.207% | $87.0M | $295.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4588 | −0.228% | $66.0M | $81.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4586 | −0.272% | $34.4M | $141.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4589 | −0.207% | $7.5M | $35.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4588 | −0.228% | $49.3M | $51.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4586 | −0.272% | $30.2M | $25.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4589 | −0.207% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4597 | −0.022% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4598 | −0.008% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4598 | −0.011% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4597 | −0.033% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4601 | +0.054% | $47K | $1.7M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4611 | +0.272% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4598 | −0.011% | $205 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | −0.054% | $867K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4597 | −0.033% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4586 | −0.267% | $241K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4597 | −0.033% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4595 | −0.074% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4599 | +0.021% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0185% | 1h | 0.4601 | +0.060% | $923K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4616 | +0.381% | $4.9M | $821K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4604 | +0.111% | $329 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4606 | +0.158% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4604 | +0.120% | $274K | $1.6M | 50x | as long as short |
| Lighter WLDlong | +0.0880% | 1h | 0.4598 | long leg | $5.2M | $2.1M | 10x | |
| Hyperliquid WLD | +0.1082% | 1h | 0.4596 | −0.059% | $50.1M | $43.0M | 10x | as long as short |
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
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