Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0828%/8h= +90.7% APRpaid last 24h +0.065%
Price spread now: Lighter against BingX+0.173%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$310.311% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.173% dearer against BingX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX WLD-USDT0.46720.0100pay 0.0100% / 8h7h 34m$67.2M
ShortLighter WLD0.46800.0928get 0.0116% / 1h34m 06s$5.3M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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

Funding earned
$173.88
Price spread: +0.173% → 0.000%
$17.34
Slippage, 4 orders
−$21.1
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$160.12
Costs to cover
0.311%
Break-even
0.6 days
Slippage from BingX: live order book, 5 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago2.16 bp7.2 bp −$78.9 bp −$8925.0 bp −$2,499119.1 bp −$59.5K
Sell Lighter live order book, 4 min ago4.73 bp9.8 bp −$1036.9 bp −$369doesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0181%8h0.4668−0.086%$38K$3.9M1.7xas long as short
Nado WLD-PERP−0.0030%1h0.4658−0.289%$281K$169K5xas long as short
KuCoin WLDUSDTM−0.0015%8h0.4668−0.086%$7.1M$11.0M50xas long as short
dYdX WLD-USD0.0000%1h0.4654−0.380%$166K$13K10xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.46720.000%$57K150xas long as short
Injective WLD/USDC PERP+0.0038%1h0.4659−0.278%$6K$185K5.5xas long as short
Orderly PERP_WLD_USDC+0.0042%8h0.4671−0.021%$28K$903K10xas long as short
Aster WLDUSDT+0.0100%8h0.4674+0.051%$195K$961K50xas long as short
Pacifica WLD+0.0100%1h0.4659−0.278%$54K$482K5xas long as short
Binance WLDUSDT+0.0100%8h0.4670−0.034%$88.8M$304.7M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4677+0.107%$67.4M$82.1M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4671−0.021%$35.2M$146.2M50xas long as short
Gate WLD_USDT+0.0100%8h0.4670−0.043%$7.6M$35.4M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4671−0.021%$47.7M$53.7M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4671−0.021%$31.0M$26.2M75xas long as short
BingX WLD-USDTlong+0.0100%8h0.4672long leg$67.2M
Backpack WLD_USDC_PERP+0.0100%1h0.4675+0.056%$139K$280K10xas long as short
Variational Omni WLD+0.0100%8h0.4660−0.262%$2.1M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4627−0.973%$27K$316K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4630−0.899%$612K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4642−0.642%$55K$229K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4666−0.124%$56K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4677+0.107%$24K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.46720.000%$221$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4653−0.407%$867K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4665−0.150%$1.9M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4672+0.001%$220K$863K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4671−0.021%$32K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4660−0.261%20xas long as short
Phoenix WLD+0.0157%1h0.4629−0.918%$5K$53K10xas long as short
Deribit WLD_USDC-PERPETUAL+0.0178%1h0.4673+0.021%$134K$871K25xas long as short
BloFin WLD-USDT+0.0220%8h0.4660−0.257%$4.9M$858K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0234% / S −0.1403%1h0.4671−0.027%$6K100xas long as short
01 Exchange WLDUSD+0.0248%1h0.4668−0.075%$334$775xas long as short
Kraken Futures PF_WLDUSD+0.0322%1h0.4675+0.055%$918K$2.7M50xas long as short
Coinbase International WLD-PERP-INTX+0.0448%1h0.4663−0.193%$276K$1.7M50xas long as short
Hyperliquid WLD+0.0755%1h0.4679+0.152%$52.1M$43.5M10xas long as short
Lighter WLDshort+0.0928%1h0.4680+0.173%$5.3M$2.0M10x