Funding you earn now, next payment 11:00 UTC+0.0289%/8h= +31.7% APRnext payment +$0.36 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Kraken Futures+0.059%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.059%, 7d avg +0.085%
=Together, before fees−0.210%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.059% now, against its 7-day average of +0.085%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WLDUSD | 0.4464 | −0.0193 | get 0.0024% / 1h | 46m 32s | $857K | $2.6M | 50x |
| Short | Lighter WLD | 0.4467 | 0.0096 | get 0.0012% / 1h | 46m 32s | $4.8M | $3.0M | 10x |
Kraken Futures PF_WLDUSD
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $60.75
- Price spread: +0.059% → +0.085%
- −$2.66
- Slippage, 4 orders
- −$34.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.61
- Costs to cover
- 0.445%
- Break-even
- 5.4 days
Slippage from Kraken Futures: live order book, 5 min ago; Lighter: live order book, 5 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 Kraken Futures live order book, 5 min ago | 1.12 bp | 14.7 bp −$15 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.02 bp | 4.2 bp −$4 | 20.9 bp −$209 | doesn't fit | doesn't fit |
WLD on 38 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_WLDUSDlong | −0.0193% | 1h | 0.4464 | long leg | $857K | $2.6M | 50x | |
| Polymarket Perps WLD-USD | −0.0186% | 1h | 0.4457 | −0.161% | $46K | $2.6M | 10x | as long as short |
| Bybit WLDUSDT | −0.0146% | 8h | 0.4460 | −0.091% | $63.7M | $84.9M | 50x | as long as short |
| Nado WLD-PERP | −0.0145% | 1h | 0.4460 | −0.091% | $234K | $159K | 5x | as long as short |
| Gate WLD_USDT | −0.0093% | 8h | 0.4461 | −0.069% | $7.0M | $31.2M | 75x | as long as short |
| 01 Exchange WLDUSD | −0.0056% | 1h | 0.4464 | +0.005% | $319 | $55 | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4465 | +0.021% | $67K | $4.2M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4465 | +0.021% | $101K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4458 | −0.147% | $65K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | +0.290% | $6K | $185K | 5.5x | as long as short |
Polymarket Perps WLD-USD
Bybit WLDUSDT
Nado WLD-PERP
Gate WLD_USDT
01 Exchange WLDUSD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERPShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | +0.0009% | 1h | 0.4460 | −0.095% | $152K | $31K | 10x | as long as short |
| Phoenix WLD | +0.0053% | 1h | 0.4456 | −0.170% | $4K | $40K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0057% | 8h | 0.4460 | −0.091% | $6.6M | $10.4M | 50x | as long as short |
| Variational Omni WLD | +0.0080% | 8h | 0.4450 | −0.307% | $2.0M | $1.4M | — | as long as short |
| Orderly PERP_WLD_USDC | +0.0088% | 8h | 0.4463 | −0.024% | $27K | $334K | 10x | as long as short |
| Lighter WLDshort | +0.0096% | 1h | 0.4467 | +0.059% | $4.8M | $3.0M | 10x | |
| Hyperliquid WLD | +0.0100% | 1h | 0.4467 | +0.061% | $49.6M | $29.1M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4464 | −0.006% | $210K | $884K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4462 | −0.047% | $58K | $501K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4461 | −0.069% | $84.7M | $313.3M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4460 | −0.091% | $33.9M | $141.1M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4462 | −0.047% | $41.7M | $54.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4460 | −0.091% | $29.4M | $28.6M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4461 | −0.069% | — | $55.6M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4460 | −0.094% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4454 | −0.221% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4459 | −0.124% | $592K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4455 | −0.203% | $59K | $242K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4468 | +0.088% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4463 | −0.024% | $232 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4458 | −0.136% | $818K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4461 | −0.069% | $1.7M | $3.5M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4459 | −0.113% | $210K | $659K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4464 | −0.007% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4459 | −0.116% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0218% / S −0.0967% | 1h | 0.4464 | +0.003% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4461 | −0.069% | $4.8M | $907K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4464 | −0.002% | $272K | $968K | 50x | as long as short |
dYdX WLD-USD
Phoenix WLD
KuCoin WLDUSDTM
Variational Omni WLD
Orderly PERP_WLD_USDC
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX