Funding you earn now, next payment 23:00 UTC+0.0834%/8h= +91.4% APRnext payment +$1.04 per $10,000 · paid last 24h +0.073%
Price spread now: Lighter against Nado+0.418%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 3 days (all we have)+0.171%+$17 on $10k
+Price spread, last 3 days (all we have)−0.385%−$38 · spread now +0.418%, 7d avg +0.144%
=Together, before fees−0.214%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.274% dearer against Nado than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.144%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.171% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 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 | Nado WLD-PERP | 0.4569 | 0.0070 | pay 0.0009% / 1h | 34m 14s | $275K | $169K | 5x |
| Short | Lighter WLD | 0.4588 | 0.0904 | get 0.0113% / 1h | 34m 14s | $5.2M | $2.1M | 10x |
Nado WLD-PERP
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $175.2
- Price spread: +0.418% → +0.144%
- $27.4
- Slippage, 4 orders
- −$35.54
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $160.06
- Costs to cover
- 0.425%
- Break-even
- 0.6 days
Slippage from Nado: live order book, 48 min ago; Lighter: live order book, 4 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 Nado live order book, 48 min ago | 2.53 bp | 15.3 bp −$15 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.33 bp | 12.6 bp −$13 | 37.3 bp −$373 | 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 | −0.0369% | 8h | 0.4584 | +0.328% | $44K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4623 | +1.182% | $6K | $185K | 5.5x | as long as short |
| KuCoin WLDUSDTM | −0.0004% | 8h | 0.4568 | −0.022% | $7.0M | $10.7M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.0003% | 8h | 0.4575 | +0.131% | $28K | $914K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4576 | +0.163% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4578 | +0.197% | $108K | $894K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4576 | +0.161% | $57K | — | 150x | as long as short |
| Variational Omni WLD | +0.0056% | 8h | 0.4588 | +0.415% | $2.1M | $1.6M | — | as long as short |
| Nado WLD-PERPlong | +0.0070% | 1h | 0.4569 | long leg | $275K | $169K | 5x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4572 | +0.066% | $215K | $988K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4578 | +0.203% | $51K | $480K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4573 | +0.088% | $86.7M | $296.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4575 | +0.131% | $65.7M | $81.4M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4574 | +0.109% | $34.2M | $140.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4572 | +0.066% | $7.5M | $35.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4568 | −0.022% | $48.8M | $51.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4577 | +0.175% | $30.2M | $25.4M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4576 | +0.153% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4587 | +0.387% | $127K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4589 | +0.435% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4590 | +0.468% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4625 | +1.226% | $56K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4569 | +0.004% | $47K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4583 | +0.306% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4577 | +0.175% | $203 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4579 | +0.219% | $864K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4574 | +0.109% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4575 | +0.135% | $239K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4577 | +0.175% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4603 | +0.753% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4566 | −0.055% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0186% | 1h | 0.4582 | +0.294% | $912K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4585 | +0.350% | $4.9M | $815K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4571 | +0.044% | $327 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4575 | +0.125% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4579 | +0.219% | $270K | $1.6M | 50x | as long as short |
| Lighter WLDshort | +0.0904% | 1h | 0.4588 | +0.418% | $5.2M | $2.1M | 10x | |
| Hyperliquid WLD | +0.0994% | 1h | 0.4574 | +0.101% | $49.8M | $43.1M | 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-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
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