Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.086%
Price spread now: Extended against Lighter−0.161%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.161%, 7d avg −0.186%
=Together, before fees+0.137%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.024% dearer against Lighter than usual: you sell high and buy low (spread −0.161% now, against its 7-day average of −0.186%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4536 | 0.0136 | pay 0.0017% / 1h | 0m 17s | $4.9M | $2.9M | 10x |
| Short | Extended WLD-USD | 0.4529 | 0.0104 | get 0.0013% / 1h | 0m 17s | $208K | $945K | 10x |
Lighter WLD
Extended WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$6.72
- Price spread: −0.161% → −0.186%
- $2.44
- Slippage, 4 orders
- −$10.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$20.06
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Extended: 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, 3 min ago | 1.98 bp | 5.4 bp −$5 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.10 bp | 3.7 bp −$4 | 10.9 bp −$109 | 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 | −0.0019% | 1h | 0.4526 | −0.212% | $236K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4525 | −0.252% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4523 | −0.289% | $57K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4532 | −0.090% | $150K | $954K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4530 | −0.138% | $65K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4530 | −0.134% | $27K | $732K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4531 | −0.117% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4523 | −0.279% | $49K | $537K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4531 | −0.123% | $86.5M | $334.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4530 | −0.134% | $64.5M | $89.3M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4529 | −0.157% | $34.2M | $152.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4529 | −0.157% | $7.1M | $36.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4531 | −0.112% | $40.1M | $57.8M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4529 | −0.157% | $6.7M | $11.7M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4531 | −0.112% | $30.0M | $30.8M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4530 | −0.134% | — | $69.8M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4526 | −0.234% | $132K | $293K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4522 | −0.317% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4529 | −0.150% | $27K | $321K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4534 | −0.046% | $597K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4531 | −0.112% | $48K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4531 | −0.115% | $46K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4534 | −0.046% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4530 | −0.134% | $219 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4523 | −0.289% | $827K | $1.6M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4531 | −0.112% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USDshort | +0.0104% | 1h | 0.4529 | −0.161% | $208K | $945K | 10x | |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4532 | −0.092% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +0.990% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4529 | −0.151% | — | — | 20x | as long as short |
| Lighter WLDlong | +0.0136% | 1h | 0.4536 | long leg | $4.9M | $2.9M | 10x | |
| 01 Exchange WLDUSD | +0.0144% | 1h | 0.4532 | −0.097% | $324 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4534 | −0.051% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4530 | −0.133% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4525 | −0.245% | $3.8M | $916K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4535 | −0.024% | $273K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0494% | 1h | 0.4537 | +0.029% | $50.4M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1044% | 1h | 0.4533 | −0.060% | $876K | $2.8M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
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
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