Funding you earn now, next payment 01:00 UTC−0.1106%/8h= −121.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.097%
Price spread now: Nado against Lighter+0.166%7-day average −0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 3 days (all we have)−0.184%−$18 on $10k
+Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.166%, 7d avg −0.146%
=Together, before fees−0.393%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.311% dearer against Lighter than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of −0.146%): +$31 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 3 days (−0.184% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.184% in total (about -20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.38 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 | 0.4587 | 0.1112 | pay 0.0139% / 1h | 52m 15s | $5.2M | $2.0M | 10x |
| Short | Nado WLD-PERP | 0.4595 | 0.0006 | get 0.0001% / 1h | 52m 15s | $277K | $169K | 5x |
Lighter WLD
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$232.19
- Price spread: +0.166% → −0.146%
- $31.14
- Slippage, 4 orders
- −$43.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$251.32
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 20 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 | 5.45 bp | 12.8 bp −$13 | 38.3 bp −$383 | doesn't fit | doesn't fit |
| Sell Nado live order book, 20 min ago | 5.24 bp | 13.4 bp −$13 | 28.1 bp −$281 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0205% | 8h | 0.4588 | +0.024% | $63K | $3.9M | 1.7x | as long as short |
| ApeX Omni WLDUSDT | −0.0046% | 1h | 0.4583 | −0.085% | $54K | $228K | 50x | as long as short |
| Gate WLD_USDT | −0.0039% | 8h | 0.4592 | +0.111% | $7.5M | $35.0M | 75x | as long as short |
| KuCoin WLDUSDTM | −0.0003% | 8h | 0.4590 | +0.068% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4592 | +0.103% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4582 | −0.107% | $123K | $893K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4593 | +0.137% | $56K | — | 150x | as long as short |
| Nado WLD-PERPshort | +0.0006% | 1h | 0.4595 | +0.166% | $277K | $169K | 5x | |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4597 | +0.220% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0041% | 8h | 0.4581 | −0.129% | $28K | $904K | 10x | as long as short |
Kalshi KXWLDPERP
ApeX Omni WLDUSDT
Gate WLD_USDT
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDCShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4595 | +0.174% | $192K | $984K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4593 | +0.138% | $54K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4578 | −0.185% | $86.5M | $303.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4576 | −0.238% | $65.7M | $82.5M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4580 | −0.150% | $34.4M | $143.4M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4593 | +0.133% | $46.5M | $53.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4580 | −0.150% | $30.3M | $26.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4593 | +0.133% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4596 | +0.207% | $137K | $283K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4593 | +0.130% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4577 | −0.205% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4589 | +0.057% | $609K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4594 | +0.161% | $49K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4598 | +0.242% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4578 | −0.194% | $215 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4577 | −0.216% | $852K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4578 | −0.194% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4578 | −0.193% | $231K | $847K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4580 | −0.143% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4591 | +0.085% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4583 | −0.081% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4592 | +0.111% | $4.9M | $823K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4594 | +0.150% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4599 | +0.266% | $329 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0329% | 1h | 0.4579 | −0.181% | $902K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4591 | +0.089% | $274K | $1.6M | 50x | as long as short |
| Hyperliquid WLD | +0.0737% | 1h | 0.4600 | +0.290% | $51.0M | $43.4M | 10x | as long as short |
| Lighter WLDlong | +0.1112% | 1h | 0.4587 | long leg | $5.2M | $2.0M | 10x |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD