Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0836%/8h= +91.5% APRpaid last 24h +0.023%

Price spread now: Lighter against edgeX+0.165%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 3 days (all we have)−0.342%−$34 · spread now +0.165%, 7d avg +0.148%

Together, before fees−0.319%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.148%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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	edgeX WLDUSDC	0.4516	0.0100	pay 0.0050% / 4h	1h 59m	$27K	$316K	20x
Short	Lighter WLD	0.4523	0.0936	get 0.0117% / 1h	59m 33s	$5.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.165%Rate

Funding earned: $175.56
Price spread: +0.165% → +0.148%: $1.66
Slippage, 4 orders: −$25.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $142.48
Costs to cover: 0.347%
Break-even: 1.3 days

Slippage from edgeX: live order book, 24 min ago; Lighter: live order book, 3 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 edgeX live order book, 24 min ago	4.40 bp	8.9 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.10 bp	9.9 bp −$10	31.4 bp −$314	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	−0.0486%	8h	0.4519	+0.065%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0014%	8h	0.4518	+0.043%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0001%	8h	0.4512	−0.090%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	−0.089%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4519	+0.065%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4517	+0.032%	$56K	—	150x	as long as short
Variational Omni WLD	+0.0025%	8h	0.4516	+0.005%	$2.1M	$1.7M	—	as long as short
Nado WLD-PERP	+0.0041%	1h	0.4517	+0.032%	$271K	$169K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4522	+0.123%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0097%	8h	0.4515	−0.024%	$33.7M	$137.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4514	−0.046%	$211K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4515	−0.020%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4521	+0.114%	$84.8M	$293.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4520	+0.087%	$64.4M	$80.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4516	−0.001%	$7.3M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4515	−0.024%	$52.1M	$48.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4518	+0.043%	$29.9M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4516	−0.001%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4517	+0.027%	$128K	$270K	10x	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4516	long leg	$27K	$316K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	+0.108%	$606K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4519	+0.065%	$54K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	+0.016%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.154%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	+0.021%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	−0.001%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	+0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	+0.007%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	+0.076%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	0.000%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4519	+0.065%	$4.8M	$809K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0243% / S −0.2027%	1h	0.4517	+0.029%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4526	+0.209%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.574%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4524	+0.176%	$278K	$1.6M	50x	as long as short
Lighter WLDshort	+0.0936%	1h	0.4523	+0.165%	$5.1M	$2.0M	10x
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4519	+0.059%	$919K	$2.6M	50x	as long as short
Hyperliquid WLD	+0.1295%	1h	0.4518	+0.041%	$46.8M	$41.6M	10x	as long as short