Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.091%

Price spread now: Bitget against Lighter−0.147%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days+0.211%+$21 · spread now −0.147%, 7d avg −0.138%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.138%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% 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	0.4550	0.0424	pay 0.0053% / 1h	56m 37s	$4.9M	$2.9M	10x
Short	Bitget WLDUSDT	0.4543	0.0100	get 0.0100% / 8h	1h 56m	$30.0M	$31.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$68.04
Price spread: −0.147% → −0.138%: −$0.96
Slippage, 4 orders: −$21.55
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.56
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 2 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, 6 min ago	3.94 bp	5.5 bp −$6	29.0 bp −$290	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.09 bp	9.3 bp −$9	20.7 bp −$207	65.8 bp −$6,576	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	−0.0079%	1h	0.4551	+0.018%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4543	−0.156%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	+0.292%	$50K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4549	−0.015%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4552	+0.042%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0080%	8h	0.4543	−0.147%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4548	−0.037%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4546	−0.077%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	−0.156%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4540	−0.213%	$86.4M	$339.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4544	−0.125%	$64.8M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4545	−0.103%	$34.3M	$155.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4542	−0.169%	$7.2M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4544	−0.125%	$40.4M	$56.2M	300x	as long as short
Bitget WLDUSDTshort	+0.0100%	8h	0.4543	−0.147%	$30.0M	$31.3M	75x
BingX WLD-USDC	+0.0100%	8h	0.4542	−0.169%	—	$1.3M	—	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	+0.131%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	−0.089%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4556	+0.138%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.160%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4549	−0.020%	$58K	$2.5M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4558	+0.182%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4548	−0.037%	$214	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.037%	$832K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4550	+0.007%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4542	−0.173%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4551	+0.018%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4544	−0.125%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4550	+0.012%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4553	+0.081%	$5K	$44K	10x	as long as short
Backpack WLD_USDC_PERP	+0.0171%	1h	0.4546	−0.081%	$132K	$300K	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4549	−0.022%	$325	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	+0.048%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4548	−0.037%	$4.8M	$920K	75x	as long as short
Lighter WLDlong	+0.0424%	1h	0.4550	long leg	$4.9M	$2.9M	10x
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4554	+0.095%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0639%	1h	0.4547	−0.048%	$49.5M	$44.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1041%	1h	0.4549	−0.009%	$865K	$2.9M	50x	as long as short