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

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0824%/8h= +90.2% APRnext payment +$1.03 per $10,000 · paid last 24h +0.108%
Price spread now: Lighter against dYdX+0.381%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1281.285% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.283%+$28 on $10k
Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.381%, 7d avg +0.113%
Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.268% dearer against dYdX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.113%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WLD-USD0.45190get 0.0000% / 1h22m 10s$154K$33K10x
ShortLighter WLD0.45360.0824get 0.0103% / 1h22m 10s$5.1M$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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
$173.04
Price spread: +0.381% → +0.113%
$26.76
Slippage, 4 orders
−$118.47
Fee dYdX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$71.33
Costs to cover
1.285%
Break-even
4.1 days
Slippage from dYdX: live order book, 32 min ago; Lighter: live order book, 6 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 dYdX live order book, 32 min ago50.95 bp55.9 bp −$5655.9 bp −$55984.3 bp −$8,430263.8 bp −$131.9K
Sell Lighter live order book, 6 min ago3.39 bp9.6 bp −$1040.2 bp −$402doesn'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
Nado WLD-PERP−0.0026%1h0.4526+0.140%$240K$205K5xas long as short
dYdX WLD-USDlong0.0000%1h0.4519long leg$154K$33K10x
Kalshi KXWLDPERP0.0000%8h0.4520+0.018%$86K$4.7M1.7xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4528+0.191%$65K150xas long as short
KuCoin WLDUSDTM+0.0028%8h0.4527+0.173%$6.9M$11.7M50xas long as short
Aster WLDUSDT+0.0100%8h0.4525+0.126%$208K$1.1M50xas long as short
Pacifica WLD+0.0100%1h0.4522+0.064%$49K$524K5xas long as short
Binance WLDUSDT+0.0100%8h0.4526+0.151%$86.3M$330.6M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4526+0.151%$64.4M$90.0M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4526+0.151%$34.2M$150.5M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate WLD_USDT+0.0100%8h0.4525+0.129%$7.2M$36.6M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4526+0.151%$40.0M$55.2M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4525+0.129%$29.9M$30.1M75xas long as short
BingX WLD-USDC+0.0100%8h0.4526+0.151%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4527+0.182%$134K$304K10xas long as short
Variational Omni WLD+0.0100%8h0.4546+0.586%$2.1M$1.6Mas long as short
edgeX WLDUSDC+0.0100%4h0.4554+0.778%$27K$318K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4542+0.512%$601K$2.0M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4557+0.837%$43K$238K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4527+0.168%$39K$2.1M10xas long as short
Orderly PERP_WLD_USDC+0.0100%8h0.4527+0.173%$28K$868K10xas long as short
SunX WLD-USDT+0.0100%8h0.4532+0.284%$23K$1.6M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4527+0.173%$203$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4518−0.026%$826K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4527+0.173%$1.8M$3.6M50xas long as short
Extended WLD-USD+0.0104%1h0.4525+0.129%$214K$984K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4526+0.156%$31K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4526+0.146%20xas long as short
Injective WLD/USDC PERP+0.0142%1h0.4576+1.257%$6K$185K5.5xas long as short
Phoenix WLD+0.0157%1h0.4552+0.737%$5K$52K10xas long as short
Deribit WLD_USDC-PERPETUAL+0.0192%1h0.4529+0.217%$123K$973K25xas long as short
BloFin WLD-USDT+0.0220%8h0.4534+0.328%$4.9M$888K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0229% / S −0.1268%1h0.4527+0.166%$5K100xas long as short
01 Exchange WLDUSD+0.0288%1h0.4526+0.157%$324$555xas long as short
Hyperliquid WLD+0.0375%1h0.4532+0.277%$49.8M$43.4M10xas long as short
Kraken Futures PF_WLDUSD+0.0524%1h0.4530+0.234%$880K$2.9M50xas long as short
Coinbase International WLD-PERP-INTX+0.0560%1h0.4536+0.372%$265K$1.6M50xas long as short
Lighter WLDshort+0.0824%1h0.4536+0.381%$5.1M$2.6M10x