Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h +0.050%

Price spread now: Lighter against Binance+0.293%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.293%, 7d avg +0.098%

Together, before fees+0.016%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.195% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.098%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment. 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	Binance WLDUSDT	0.4574	0.0100	pay 0.0100% / 8h	1h 14m	$86.5M	$297.3M	75x
Short	Lighter WLD	0.4587	0.0992	get 0.0124% / 1h	14m 36s	$5.2M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.293%Rate

Funding earned: $187.32
Price spread: +0.293% → +0.098%: $19.5
Slippage, 4 orders: −$20.12
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $176.7
Costs to cover: 0.301%
Break-even: 0.4 days

Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 8 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 Binance live order book, 14 min ago	1.09 bp	7.9 bp −$8	14.0 bp −$140	54.8 bp −$5,477	203.8 bp −$101.9K
Sell Lighter live order book, 8 min ago	2.72 bp	6.7 bp −$7	36.5 bp −$365	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	−0.0305%	8h	0.4575	+0.028%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.094%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	+0.118%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4574	+0.007%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	+0.008%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0005%	8h	0.4574	+0.007%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4574	+0.007%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4572	−0.026%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	−0.126%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	+0.045%	$200K	$999K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4577	+0.079%	$53K	$481K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4574	long leg	$86.5M	$297.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4572	−0.037%	$65.4M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4572	−0.037%	$34.2M	$141.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4575	+0.028%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4576	+0.050%	$49.1M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4574	+0.007%	$30.2M	$25.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4575	+0.028%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4576	+0.048%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	−0.087%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.110%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.146%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4575	+0.024%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4575	+0.028%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4574	+0.007%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4559	−0.321%	$861K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4574	+0.007%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4573	−0.025%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4573	−0.006%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.079%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.040%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4578	+0.091%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−0.037%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4576	+0.046%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4575	+0.022%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4580	+0.138%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0714%	1h	0.4586	+0.258%	$49.8M	$43.2M	10x	as long as short
Lighter WLDshort	+0.0992%	1h	0.4587	+0.293%	$5.2M	$2.1M	10x