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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX WLD-USD | 0.4519 | 0 | get 0.0000% / 1h | 22m 10s | $154K | $33K | 10x |
| Short | Lighter WLD | 0.4536 | 0.0824 | get 0.0103% / 1h | 22m 10s | $5.1M | $2.6M | 10x |
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 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: +0.381% → +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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 32 min ago | 50.95 bp | 55.9 bp −$56 | 55.9 bp −$559 | 84.3 bp −$8,430 | 263.8 bp −$131.9K |
| Sell Lighter live order book, 6 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 | +0.140% | $240K | $205K | 5x | as long as short |
| dYdX WLD-USDlong | 0.0000% | 1h | 0.4519 | long leg | $154K | $33K | 10x | |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4520 | +0.018% | $86K | $4.7M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4528 | +0.191% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0028% | 8h | 0.4527 | +0.173% | $6.9M | $11.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4525 | +0.126% | $208K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4522 | +0.064% | $49K | $524K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4526 | +0.151% | $86.3M | $330.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4526 | +0.151% | $64.4M | $90.0M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4526 | +0.151% | $34.2M | $150.5M | 50x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WLD_USDT | +0.0100% | 8h | 0.4525 | +0.129% | $7.2M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4526 | +0.151% | $40.0M | $55.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4525 | +0.129% | $29.9M | $30.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4526 | +0.151% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4527 | +0.182% | $134K | $304K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4546 | +0.586% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4554 | +0.778% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4542 | +0.512% | $601K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4557 | +0.837% | $43K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4527 | +0.168% | $39K | $2.1M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4527 | +0.173% | $28K | $868K | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4532 | +0.284% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4527 | +0.173% | $203 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.026% | $826K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4527 | +0.173% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4525 | +0.129% | $214K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4526 | +0.156% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4526 | +0.146% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +1.257% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4552 | +0.737% | $5K | $52K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0192% | 1h | 0.4529 | +0.217% | $123K | $973K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4534 | +0.328% | $4.9M | $888K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4527 | +0.166% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4526 | +0.157% | $324 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0375% | 1h | 0.4532 | +0.277% | $49.8M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0524% | 1h | 0.4530 | +0.234% | $880K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4536 | +0.372% | $265K | $1.6M | 50x | as long as short |
| Lighter WLDshort | +0.0824% | 1h | 0.4536 | +0.381% | $5.1M | $2.6M | 10x |
Lighter WLD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
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
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Injective WLD/USDC PERP
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX