Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.065%

Price spread now: BloFin against Lighter−0.033%90s7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.033%, 7d avg −0.119%

Together, before fees+0.095%+ 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 BloFin is 0.086% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.119%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4518	0.0152	pay 0.0019% / 1h	35m 33s	$4.9M	$2.9M	10x
Short	BloFin WLD-USDT	0.4517	0.0220	get 0.0220% / 8h	35m 33s	$4.8M	$903K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.033%Rate

Funding earned: $14.28
Price spread: −0.033% → −0.119%: $8.58
Slippage, 4 orders: −$23.14
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.28
Costs to cover: 0.351%
Break-even: 13.0 days

Slippage from Lighter: live order book, 7 min ago; BloFin: live order book, 3 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, 7 min ago	3.41 bp	8.9 bp −$9	22.9 bp −$229	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.11 bp	9.4 bp −$9	11.5 bp −$115	30.0 bp −$2,997	91.9 bp −$45.9K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.277%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0035%	1h	0.4511	−0.177%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	−0.142%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4522	+0.077%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4518	−0.011%	$140K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	−0.038%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4517	−0.033%	$27K	$708K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4512	−0.136%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4513	−0.119%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	−0.171%	$86.6M	$333.9M	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	0.4508	−0.232%	$64.1M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4508	−0.232%	$34.1M	$151.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4511	−0.166%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4511	−0.166%	$41.7M	$56.3M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4510	−0.188%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4509	−0.210%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4511	−0.166%	—	$72.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4516	−0.051%	$131K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4514	−0.108%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4519	+0.022%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	+0.274%	$605K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4520	+0.033%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4510	−0.193%	$48K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.100%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4515	−0.077%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4517	−0.033%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4516	−0.055%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4509	−0.199%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4517	−0.024%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4509	−0.219%	—	—	20x	as long as short
Lighter WLDlong	+0.0152%	1h	0.4518	long leg	$4.9M	$2.9M	10x
Phoenix WLD	+0.0177%	1h	0.4520	+0.035%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4516	−0.053%	$4K	—	100x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4517	−0.033%	$4.8M	$903K	75x
01 Exchange WLDUSD	+0.0232%	1h	0.4513	−0.120%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0433%	1h	0.4515	−0.071%	$50.2M	$43.8M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4524	+0.122%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4517	−0.026%	$864K	$2.8M	50x	as long as short