WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0836%/8h= −91.6% APRnext payment −$1.05 per $10,000 · paid last 24h −0.074%

Price spread now: Kraken Futures against Lighter−0.085%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.200%+$20 · spread now −0.085%, 7d avg −0.083%

Together, before fees+0.143%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: −$25 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 -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 per $10,000. 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	0.4599	0.1552	pay 0.0194% / 1h	38m 31s	$5.2M	$2.0M	10x
Short	Kraken Futures PF_WLDUSD	0.4595	0.0716	get 0.0089% / 1h	38m 31s	$914K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$175.63
Price spread: −0.085% → −0.083%: −$0.21
Slippage, 4 orders: −$55.73
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$241.57
Costs to cover: 0.657%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Kraken Futures: live order book, 5 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, 4 min ago	6.50 bp	17.0 bp −$17	38.5 bp −$385	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	5.42 bp	12.6 bp −$13	21.6 bp −$216	1048.0 bp −$104.8K	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	−0.0222%	8h	0.4604	+0.111%	$48K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4587	−0.260%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4593	−0.128%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4592	−0.144%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0020%	8h	0.4592	−0.150%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0020%	8h	0.4584	−0.324%	$7.0M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4585	−0.302%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4589	−0.213%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4588	−0.243%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4589	−0.210%	$86.7M	$300.8M	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	0.4588	−0.237%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4588	−0.237%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4586	−0.281%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4587	−0.259%	$46.1M	$52.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	−0.302%	$30.2M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4588	−0.237%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4590	−0.200%	$130K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	+0.088%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4602	+0.063%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4604	+0.119%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4606	+0.154%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4591	−0.167%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4599	+0.002%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4592	−0.150%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4587	−0.259%	$855K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	−0.150%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	−0.287%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4594	−0.097%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4602	+0.067%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.271%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	−0.172%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4592	−0.142%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4592	−0.148%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.285%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4594	−0.107%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0593%	1h	0.4594	−0.107%	$49.9M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0716%	1h	0.4595	−0.085%	$914K	$2.6M	50x
Lighter WLDlong	+0.1552%	1h	0.4599	long leg	$5.2M	$2.0M	10x