Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.093%

Price spread now: Lighter against BingX+0.163%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.194%−$19 · spread now +0.163%, 7d avg +0.114%

Together, before fees−0.091%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.050% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLD-USDC	0.4473	0.0100	pay 0.0100% / 8h	7h 26m	—	$1.3M	—
Short	Lighter WLD	0.4480	0.0160	get 0.0020% / 1h	26m 35s	$4.9M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.163%Rate

Funding earned: $12.6
Price spread: +0.163% → +0.114%: $4.97
Slippage, 4 orders: −$32.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.81
Costs to cover: 0.424%
Break-even: 20.8 days

Slippage from BingX: live order book, 4 min ago; Lighter: live order book, 6 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 BingX live order book, 4 min ago	2.23 bp	13.6 bp −$14	63.2 bp −$632	504.9 bp −$50.5K	809.9 bp −$405.0K
Sell Lighter live order book, 6 min ago	3.34 bp	3.6 bp −$4	18.4 bp −$184	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
Nado WLD-PERP	−0.0009%	1h	0.4477	+0.095%	$232K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4479	+0.134%	$49K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4478	+0.112%	$115K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4472	−0.024%	$65K	—	150x	as long as short
Bybit WLDUSDT	+0.0018%	8h	0.4473	0.000%	$63.3M	$89.2M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4477	+0.089%	$27K	$577K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4477	+0.095%	$224K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4477	+0.080%	$55K	$553K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4475	+0.047%	$85.4M	$334.0M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4473	0.000%	$33.8M	$148.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4474	+0.022%	$7.0M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4474	+0.022%	$41.1M	$56.5M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4474	+0.022%	$6.5M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4471	−0.045%	$29.5M	$31.2M	75x	as long as short
BingX WLD-USDClong	+0.0100%	8h	0.4473	long leg	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4479	+0.134%	$130K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4480	+0.151%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4481	+0.174%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.158%	$590K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4483	+0.224%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4479	+0.141%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4482	+0.201%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4477	+0.089%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	+0.224%	$822K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4480	+0.156%	$1.7M	$3.6M	50x	as long as short
Hyperliquid WLD	+0.0101%	1h	0.4479	+0.139%	$49.6M	$43.1M	10x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4470	−0.074%	$212K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4477	+0.095%	$30K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.782%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4474	+0.028%	—	—	20x	as long as short
Lighter WLDshort	+0.0160%	1h	0.4480	+0.163%	$4.9M	$3.0M	10x
01 Exchange WLDUSD	+0.0168%	1h	0.4477	+0.094%	$320	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4483	+0.226%	$4K	$44K	10x	as long as short
dYdX WLD-USD	+0.0214%	1h	0.4482	+0.196%	$153K	$31K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4478	+0.117%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	+0.134%	$4.4M	$926K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0306%	1h	0.4479	+0.129%	$887K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4485	+0.268%	$266K	$1.6M	50x	as long as short