Funding you earn now, next payment 21:00 UTC+0.0801%/8h= +87.7% APRnext payment +$1.00 per $10,000 · paid last 24h +0.058%
Price spread now: Lighter against Nado+0.303%7-day average +0.144% · 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−$24as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 3 days (all we have)+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)−0.351%−$35 · spread now +0.303%, 7d avg +0.144%
=Together, before fees−0.201%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.159% dearer against Nado than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.144%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.150% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 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 | Nado WLD-PERP | 0.4542 | −0.0033 | get 0.0004% / 1h | 31m 33s | $355K | $146K | 5x |
| Short | Lighter WLD | 0.4556 | 0.0768 | get 0.0096% / 1h | 31m 33s | $5.2M | $1.6M | 10x |
Nado WLD-PERP
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $168.24
- Price spread: +0.303% → +0.144%
- $15.91
- Slippage, 4 orders
- −$32.61
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $144.55
- Costs to cover
- 0.396%
- Break-even
- 1.0 days
Slippage from Nado: live order book, 16 min ago; Lighter: live order book, 7 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 Nado live order book, 16 min ago | 9.79 bp | 14.1 bp −$14 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.00 bp | 4.0 bp −$4 | 34.4 bp −$344 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni WLD | −0.0178% | 8h | 0.4494 | −1.061% | $2.1M | $1.4M | — | as long as short |
| Phoenix WLD | −0.0091% | 1h | 0.4514 | −0.602% | $2K | $47K | 10x | as long as short |
| Bybit WLDUSDT | −0.0070% | 8h | 0.4544 | +0.050% | $66.8M | $72.3M | 50x | as long as short |
| Orderly PERP_WLD_USDC | −0.0037% | 8h | 0.4548 | +0.138% | $28K | $923K | 10x | as long as short |
| Nado WLD-PERPlong | −0.0033% | 1h | 0.4542 | long leg | $355K | $146K | 5x | |
| OKX WLD-USDT-SWAP | −0.0018% | 8h | 0.4541 | −0.017% | $34.3M | $129.0M | 50x | as long as short |
| KuCoin WLDUSDTM | −0.0012% | 8h | 0.4548 | +0.138% | $7.4M | $10.1M | 50x | as long as short |
| Binance WLDUSDT | −0.0003% | 8h | 0.4544 | +0.047% | $83.9M | $270.7M | 75x | as long as short |
| MEXC WLD_USDT | −0.0003% | 8h | 0.4548 | +0.138% | $51.1M | $43.2M | 300x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4547 | +0.123% | $155K | $6K | 10x | as long as short |
Variational Omni WLD
Phoenix WLD
Bybit WLDUSDT
Orderly PERP_WLD_USDC
OKX WLD-USDT-SWAP
KuCoin WLDUSDTM
Binance WLDUSDT
MEXC WLD_USDT
dYdX WLD-USDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4540 | −0.039% | $39K | $3.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4549 | +0.160% | $125K | $716K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4546 | +0.103% | $59K | — | 150x | as long as short |
| Aevo WLD-PERP | +0.0080% | 1h | 0.4550 | +0.171% | $31K | $5K | 3x | as long as short |
| Gate WLD_USDT | +0.0097% | 8h | 0.4546 | +0.094% | $7.4M | $33.3M | 75x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4554 | +0.274% | $46.0M | $37.9M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4549 | +0.161% | $238K | $913K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4547 | +0.124% | $55K | $466K | 5x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4539 | −0.061% | $29.9M | $24.2M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4545 | +0.072% | — | $67.7M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4550 | +0.175% | $132K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4524 | −0.396% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4539 | −0.061% | $610K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4524 | −0.391% | $62K | $222K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4546 | +0.098% | $58K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4553 | +0.248% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4547 | +0.116% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.061% | $839K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4548 | +0.138% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4545 | +0.078% | $143K | $714K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0112% | 1h | 0.4490 | −1.139% | $6K | $90K | 5.5x | as long as short |
| BloFin WLD-USDT | +0.0113% | 8h | 0.4541 | −0.017% | $4.8M | $880K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0128% | 1h | 0.4548 | +0.144% | $325 | $77 | 5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4545 | +0.080% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0216% / S −0.1712% | 1h | 0.4546 | +0.091% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0296% | 1h | 0.4555 | +0.292% | $277K | $1.5M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0367% | 1h | 0.4551 | +0.201% | $912K | $2.3M | 50x | as long as short |
| Lighter WLDshort | +0.0768% | 1h | 0.4556 | +0.303% | $5.2M | $1.6M | 10x |
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Aevo WLD-PERP
Gate WLD_USDT
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
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
Injective WLD/USDC PERP
BloFin WLD-USDT
01 Exchange WLDUSD
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD