Funding you earn now, next payment 02:00 UTC+0.0748%/8h= +81.9% APRpaid last 24h +0.072%
Price spread now: Lighter against Phemex+0.193%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1261.261% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−0.204%−$20 · spread now +0.193%, 7d avg +0.120%
=Together, before fees−0.132%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.073% dearer against Phemex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment. 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 | Phemex WLDUSDT | 0.4709 | 0.0100 | pay 0.0100% / 8h | 6h 26m | $1.9M | $3.7M | 50x |
| Short | Lighter WLD | 0.4718 | 0.0848 | get 0.0106% / 1h | 26m 08s | $5.4M | $2.1M | 10x |
Phemex WLDUSDT
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $157.08
- Price spread: +0.193% → +0.120%
- $7.34
- Slippage, 4 orders
- −$114.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $38.28
- Costs to cover
- 1.261%
- Break-even
- 5.3 days
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 7 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 Phemex live order book, 3 min ago | 10.69 bp | 51.5 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 3.43 bp | 11.9 bp −$12 | 35.3 bp −$353 | doesn't fit | doesn't fit |
WLD on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective WLD/USDC PERP | −0.0235% | 1h | 0.4615 | −1.996% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0152% | 8h | 0.4713 | +0.085% | $44K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0048% | 8h | 0.4707 | −0.042% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0012% | 1h | 0.4714 | +0.117% | $274K | $189K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4710 | +0.025% | $161K | $19K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4708 | −0.021% | $130K | $895K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4706 | −0.069% | $57K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0046% | 8h | 0.4711 | +0.042% | $7.4M | $37.6M | 75x | as long as short |
| ApeX Omni WLDUSDT | +0.0057% | 1h | 0.4659 | −1.062% | $51K | $237K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0058% | 8h | 0.4707 | −0.042% | $29K | $897K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
ApeX Omni WLDUSDT
Orderly PERP_WLD_USDCShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix WLD | +0.0068% | 1h | 0.4648 | −1.298% | $5K | $54K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4716 | +0.149% | $181K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4713 | +0.074% | $57K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4711 | +0.046% | $89.5M | $324.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4710 | +0.021% | $67.7M | $87.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4709 | 0.000% | $35.4M | $153.9M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4710 | +0.021% | $46.7M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4709 | 0.000% | $31.3M | $29.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4709 | 0.000% | — | $67.6M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4711 | +0.034% | $139K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | −0.091% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4659 | −1.068% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −0.998% | $619K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4719 | +0.208% | $57K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4715 | +0.127% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4708 | −0.021% | $222 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4712 | +0.064% | $892K | $1.8M | 50x | as long as short |
| Phemex WLDUSDTlong | +0.0100% | 8h | 0.4709 | long leg | $1.9M | $3.7M | 50x | |
| Extended WLD-USD | +0.0104% | 1h | 0.4706 | −0.070% | $217K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4709 | −0.010% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4717 | +0.175% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4705 | −0.091% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4719 | +0.214% | $338 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4716 | +0.149% | $282K | $1.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0587% | 1h | 0.4719 | +0.223% | $52.5M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0635% | 1h | 0.4713 | +0.081% | $920K | $2.9M | 50x | as long as short |
| Lighter WLDshort | +0.0848% | 1h | 0.4718 | +0.193% | $5.4M | $2.1M | 10x |
Phoenix WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD