Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.108%

Price spread now: Lighter against KuCoin+0.109%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.109%, 7d avg +0.115%

Together, before fees+0.085%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.115%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4513	0.0100	pay 0.0100% / 8h	4m 24s	$6.6M	$11.6M	50x
Short	Lighter WLD	0.4518	0.0256	get 0.0032% / 1h	4m 24s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.109%Rate

Funding earned: $32.76
Price spread: +0.109% → +0.115%: −$0.69
Slippage, 4 orders: −$35.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.17
Costs to cover: 0.472%
Break-even: 10.2 days

Slippage from KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	2.21 bp	18.6 bp −$19	44.3 bp −$443	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.65 bp	4.0 bp −$4	26.0 bp −$260	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.111%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4513	−0.009%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4513	0.000%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4517	+0.089%	$135K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4511	−0.044%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0003%	1h	0.4511	−0.033%	$234K	$175K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4511	−0.044%	$27K	$649K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4513	0.000%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4514	+0.022%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.013%	$86.6M	$333.2M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4508	−0.111%	$63.8M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4510	−0.066%	$34.1M	$149.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4510	−0.066%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4510	−0.066%	$41.8M	$57.1M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4513	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4513	0.000%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4511	−0.044%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4518	+0.122%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.091%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4515	+0.036%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4518	+0.111%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	+0.044%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4513	+0.002%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	+0.199%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4517	+0.089%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4514	+0.022%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	+0.044%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4509	−0.080%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	+0.044%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.113%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4519	+0.137%	$4K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.043%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4514	+0.022%	$4.8M	$896K	75x	as long as short
01 Exchange WLDUSD	+0.0224%	1h	0.4518	+0.122%	$323	$55	5x	as long as short
Lighter WLDshort	+0.0256%	1h	0.4518	+0.109%	$4.9M	$2.9M	10x
Hyperliquid WLD	+0.0403%	1h	0.4516	+0.060%	$50.2M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4516	+0.066%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	+0.113%	$869K	$2.8M	50x	as long as short