Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h —

Price spread now: Reya against Lighter−0.103%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Reya is 0.103% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4489	0.0552	pay 0.0069% / 1h	0m 47s	$4.9M	$2.9M	10x
Short	Reya WLDRUSDPERP	0.4484	0.0134	get 0.0017% / 1h	0m 47s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.103%Rate

Funding earned: −$87.81
Price spread: −0.103% → 0.000%: −$10.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$104.13
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

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, 7 min ago	2.77 bp	9.4 bp −$9	33.6 bp −$336	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0035%	1h	0.4484	−0.098%	$238K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4480	−0.204%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4480	−0.198%	$75K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	−0.087%	$130K	$999K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4484	−0.112%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0030%	8h	0.4485	−0.087%	$6.7M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4482	−0.149%	$73K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4483	−0.131%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	−0.070%	$219K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	−0.198%	$50K	$526K	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	0.4486	−0.064%	$85.1M	$335.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4485	−0.087%	$63.9M	$91.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4484	−0.109%	$33.7M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4485	−0.087%	$7.1M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4486	−0.065%	$39.3M	$56.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4483	−0.131%	$29.5M	$30.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4485	−0.087%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	−0.022%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.182%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4487	−0.047%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.114%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4486	−0.065%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4489	+0.002%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.109%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4478	−0.243%	$818K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4484	−0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4485	−0.092%	$223K	$995K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.112%	$30K	$600	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4484	−0.103%	—	—	20x
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+1.094%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4486	−0.076%	$5K	$52K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4484	−0.120%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.155%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4481	−0.176%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4489	+0.004%	$48.7M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0529%	1h	0.4485	−0.080%	$858K	$2.9M	50x	as long as short
Lighter WLDlong	+0.0552%	1h	0.4489	long leg	$4.9M	$2.9M	10x
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4489	+0.002%	$264K	$1.6M	50x	as long as short