Funding you earn now, next payment 09:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.041%
Price spread now: Lighter against Hyperliquid0.000%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now 0.000%, 7d avg +0.030%
=Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4519 | 0.0344 | pay 0.0043% / 1h | 53m 57s | $50.2M | $43.0M | 10x |
| Short | Lighter WLD | 0.4519 | 0.0328 | get 0.0041% / 1h | 53m 57s | $4.9M | $2.9M | 10x |
Hyperliquid WLD
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- −$3.38
- Price spread: 0.000% → +0.030%
- −$3.03
- Slippage, 4 orders
- −$19.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$34.55
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 10 min ago | 0.77 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.75 bp | 5.2 bp −$5 | 37.6 bp −$376 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | 0.0000% | 1h | 0.4517 | −0.047% | $154K | $32K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4517 | −0.051% | $40K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4515 | −0.095% | $119K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4515 | −0.089% | $65K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0014% | 1h | 0.4519 | +0.004% | $234K | $175K | 5x | as long as short |
| Bybit WLDUSDT | +0.0058% | 8h | 0.4512 | −0.162% | $63.8M | $89.4M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4514 | −0.117% | $27K | $631K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4516 | −0.075% | $227K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4517 | −0.050% | $54K | $543K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4514 | −0.116% | $86.6M | $333.2M | 75x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Bybit WLDUSDT
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance 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 | 0.4514 | −0.117% | $34.2M | $150.0M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4514 | −0.117% | $7.1M | $34.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4514 | −0.117% | $41.8M | $55.5M | 300x | as long as short |
| KuCoin WLDUSDTM | +0.0100% | 8h | 0.4511 | −0.184% | $6.6M | $11.6M | 50x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4514 | −0.117% | $29.8M | $31.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4514 | −0.117% | — | $20.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4515 | −0.089% | $131K | $298K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4509 | −0.233% | $2.1M | $1.5M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4529 | +0.218% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4528 | +0.185% | $601K | $2.1M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4521 | +0.038% | $48K | $238K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4519 | −0.007% | $49K | $2.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4526 | +0.148% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4514 | −0.117% | $218 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4520 | +0.015% | $827K | $1.5M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4514 | −0.117% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4511 | −0.190% | $208K | $878K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4515 | −0.095% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0109% | 1h | 0.4508 | −0.250% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4514 | −0.122% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0177% | 1h | 0.4530 | +0.230% | $4K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4515 | −0.104% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4511 | −0.184% | $4.4M | $895K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0224% | 1h | 0.4518 | −0.027% | $323 | $55 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0303% | 1h | 0.4515 | −0.088% | $868K | $2.8M | 50x | as long as short |
| Lighter WLDshort | +0.0328% | 1h | 0.4519 | 0.000% | $4.9M | $2.9M | 10x | |
| Hyperliquid WLDlong | +0.0344% | 1h | 0.4519 | long leg | $50.2M | $43.0M | 10x | |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4525 | +0.126% | $269K | $1.6M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
KuCoin WLDUSDTM
Bitget WLDUSDT
BingX WLD-USDT
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
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX