Funding you earn now, next payment 07:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.118%
Price spread now: Deribit against Lighter+0.031%7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.275%−$28 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.031%, 7d avg −0.094%
=Together, before fees−0.225%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.125% dearer against Lighter than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.094%): +$12 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.275% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4548 | 0.0288 | pay 0.0036% / 1h | 47m 20s | $4.9M | $2.9M | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4549 | 0 | get 0.0000% / 1h | 47m 20s | $151K | $1.0M | 25x |
Lighter WLD
Deribit WLD_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. 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
- −$60.48
- Price spread: +0.031% → −0.094%
- $12.49
- Slippage, 4 orders
- −$27.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$82.82
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Deribit: 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 | 5.95 bp | 8.4 bp −$8 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 5.49 bp | 9.0 bp −$9 | doesn't fit | 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 | −0.0022% | 1h | 0.4546 | −0.035% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4544 | −0.074% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4544 | −0.079% | $59K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | 0.0000% | 1h | 0.4549 | +0.031% | $151K | $1.0M | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4542 | −0.127% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0081% | 8h | 0.4542 | −0.123% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4541 | −0.145% | $27K | $789K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4543 | −0.095% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4543 | −0.097% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4541 | −0.145% | $86.6M | $340.0M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4541 | −0.145% | $64.8M | $91.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4540 | −0.167% | $34.4M | $155.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4542 | −0.123% | $7.2M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4541 | −0.145% | $40.3M | $56.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4541 | −0.145% | $29.9M | $31.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4542 | −0.123% | — | $70.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4549 | +0.037% | $132K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4541 | −0.151% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4542 | −0.114% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4546 | −0.033% | $604K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4544 | −0.079% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4540 | −0.176% | $57K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4551 | +0.075% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4546 | −0.035% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4544 | −0.079% | $831K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4547 | −0.013% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4540 | −0.173% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4548 | 0.000% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4541 | −0.145% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4540 | −0.172% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0144% | 1h | 0.4544 | −0.077% | $325 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4542 | −0.112% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4540 | −0.158% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4543 | −0.101% | $4.8M | $938K | 75x | as long as short |
| Lighter WLDlong | +0.0288% | 1h | 0.4548 | long leg | $4.9M | $2.9M | 10x | |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4548 | +0.009% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0752% | 1h | 0.4548 | +0.011% | $49.9M | $44.8M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1041% | 1h | 0.4548 | +0.003% | $871K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Kraken Futures PF_WLDUSD