Funding you earn now, next payment 05:00 UTC+0.0824%/8h= +90.2% APRnext payment +$1.03 per $10,000 · paid last 24h +0.115%
Price spread now: Lighter against Deribit−0.035%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.035%, 7d avg +0.094%
=Together, before fees+0.148%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.129% cheaper against Deribit than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.094%). If the spread goes back, that is −$13 on $10k: about 13 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.269% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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 | Deribit WLD_USDC-PERPETUAL | 0.4530 | 0 | get 0.0000% / 1h | 22m 29s | $123K | $939K | 25x |
| Short | Lighter WLD | 0.4528 | 0.0824 | get 0.0103% / 1h | 22m 29s | $5.1M | $2.6M | 10x |
Deribit WLD_USDC-PERPETUAL
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $173.04
- Price spread: −0.035% → +0.094%
- −$12.94
- Slippage, 4 orders
- −$31.76
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $121.34
- Costs to cover
- 0.388%
- Break-even
- 2.1 days
Slippage from Deribit: live order book, 31 min ago; Lighter: live order book, 5 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 Deribit live order book, 31 min ago | 7.59 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.39 bp | 9.6 bp −$10 | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0026% | 1h | 0.4526 | −0.099% | $240K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4519 | −0.239% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4532 | +0.044% | $66K | $4.7M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | 0.0000% | 1h | 0.4530 | long leg | $123K | $939K | 25x | |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4532 | +0.040% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0027% | 8h | 0.4519 | −0.243% | $6.8M | $11.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4523 | −0.155% | $207K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4522 | −0.175% | $49K | $524K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4526 | −0.087% | $86.3M | $330.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4526 | −0.088% | $64.4M | $90.0M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
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 | 0.4526 | −0.088% | $34.1M | $150.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4521 | −0.199% | $7.2M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4521 | −0.199% | $40.0M | $55.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4520 | −0.221% | $29.9M | $30.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4519 | −0.243% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4527 | −0.057% | $134K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4546 | +0.346% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4554 | +0.538% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4542 | +0.272% | $601K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.596% | $43K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4531 | +0.022% | $39K | $2.1M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4531 | +0.022% | $28K | $868K | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4538 | +0.177% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4532 | +0.044% | $203 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4530 | 0.000% | $828K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4533 | +0.066% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4519 | −0.248% | $214K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4533 | +0.066% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4531 | +0.026% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +1.015% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4552 | +0.497% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4534 | +0.088% | $4.9M | $888K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4532 | +0.041% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4526 | −0.082% | $324 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0374% | 1h | 0.4523 | −0.148% | $49.7M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0524% | 1h | 0.4534 | +0.094% | $881K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4539 | +0.199% | $265K | $1.6M | 50x | as long as short |
| Lighter WLDshort | +0.0824% | 1h | 0.4528 | −0.035% | $5.1M | $2.6M | 10x |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX