Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0868%/8h= −95.0% APRpaid last 24h −0.041%

Price spread now: Aster against Lighter−0.192%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.192%, 7d avg −0.115%

Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Aster is 0.077% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.115%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% 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	Lighter WLD	0.4584	0.0968	pay 0.0121% / 1h	18m 03s	$5.2M	$2.1M	10x
Short	Aster WLDUSDT	0.4575	0.0100	get 0.0100% / 8h	1h 18m	$200K	$998K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$182.28
Price spread: −0.192% → −0.115%: −$7.75
Slippage, 4 orders: −$30.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$228.41
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 65 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 Lighter live order book, 5 min ago	2.72 bp	7.9 bp −$8	32.7 bp −$327	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	2.20 bp	12.5 bp −$13	33.1 bp −$331	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	−0.0309%	8h	0.4573	−0.233%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.857%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	−0.160%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	−0.168%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4575	−0.197%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0003%	8h	0.4573	−0.233%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4571	−0.277%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4573	−0.223%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0084%	8h	0.4578	−0.126%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4575	−0.192%	$200K	$998K	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4575	−0.181%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4573	−0.233%	$86.5M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4573	−0.233%	$65.5M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	−0.255%	$34.2M	$141.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4570	−0.299%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4572	−0.255%	$48.9M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4570	−0.299%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4573	−0.233%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4573	−0.231%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	−0.072%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	−0.083%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	−0.081%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	−0.164%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	−0.081%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4575	−0.190%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.124%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	−0.212%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4573	−0.242%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4576	−0.168%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	−0.013%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	−0.235%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	−0.134%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4574	−0.212%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4575	−0.190%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4575	−0.194%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.050%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0744%	1h	0.4577	−0.137%	$49.7M	$43.1M	10x	as long as short
Lighter WLDlong	+0.0968%	1h	0.4584	long leg	$5.2M	$2.1M	10x