Funding you earn now, next payment 09:00 UTC−0.0125%/8h= −13.6% APRpaid last 24h −0.109%
Price spread now: Orderly against Lighter+0.033%7-day average −0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 4 days (all we have)+0.478%+$48 · spread now +0.033%, 7d avg −0.127%
=Together, before fees+0.255%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.160% dearer against Lighter than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.127%): +$16 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4508 | 0.0224 | pay 0.0028% / 1h | 41m 40s | $4.9M | $2.9M | 10x |
| Short | Orderly PERP_WLD_USDC | 0.4510 | 0.0099 | get 0.0099% / 8h | 7h 41m | $27K | $610K | 10x |
Lighter WLD
Orderly PERP_WLD_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$26.15
- Price spread: +0.033% → −0.127%
- $15.99
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$16.16
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 2.76 bp | 6.6 bp −$7 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0014% | 1h | 0.4509 | +0.011% | $234K | $175K | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4512 | +0.078% | $36K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4511 | +0.055% | $118K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4511 | +0.055% | $65K | — | 150x | as long as short |
| dYdX WLD-USD | +0.0032% | 1h | 0.4505 | −0.072% | $154K | $32K | 10x | as long as short |
| Orderly PERP_WLD_USDCshort | +0.0099% | 8h | 0.4510 | +0.033% | $27K | $610K | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4508 | −0.019% | $227K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4506 | −0.055% | $54K | $543K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4505 | −0.078% | $86.3M | $333.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4503 | −0.122% | $63.6M | $89.2M | 50x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
dYdX WLD-USD
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 | 0.4505 | −0.078% | $34.1M | $149.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4505 | −0.078% | $7.1M | $34.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4504 | −0.100% | $41.8M | $55.8M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4502 | −0.144% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4505 | −0.078% | $29.7M | $30.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4504 | −0.100% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4506 | −0.044% | $131K | $297K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4519 | +0.227% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4519 | +0.228% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4524 | +0.341% | $600K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4518 | +0.211% | $48K | $237K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4515 | +0.144% | $49K | $2.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4518 | +0.211% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4509 | +0.011% | $216 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | +0.055% | $825K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4511 | +0.055% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4502 | −0.147% | $208K | $876K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4511 | +0.063% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −0.011% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4511 | +0.062% | — | — | 20x | as long as short |
| Hyperliquid WLD | +0.0160% | 1h | 0.4510 | +0.024% | $50.0M | $43.1M | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0168% | 1h | 0.4504 | −0.091% | $322 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0194% | 1h | 0.4526 | +0.388% | $4K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4512 | +0.067% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4506 | −0.055% | $4.4M | $907K | 75x | as long as short |
| Lighter WLDlong | +0.0224% | 1h | 0.4508 | long leg | $4.9M | $2.9M | 10x | |
| Kraken Futures PF_WLDUSD | +0.0304% | 1h | 0.4512 | +0.074% | $867K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4516 | +0.166% | $268K | $1.6M | 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
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Hyperliquid WLD
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX