Funding you earn now, next payment 01:00 UTC−0.0884%/8h= −96.8% APRnext payment −$1.10 per $10,000 · paid last 24h −0.061%
Price spread now: ApeX Omni against Lighter−0.531%78s7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)+0.572%+$57 · spread now −0.531%, 7d avg −0.070%
=Together, before fees+0.509%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and ApeX Omni is 0.461% cheaper against Lighter than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.070%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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 | Lighter WLD | 0.4748 | 0.0984 | pay 0.0123% / 1h | 4m 20s | $5.4M | $2.1M | 10x |
| Short | ApeX Omni WLDUSDT | 0.4723 | 0.0100 | get 0.0013% / 1h | 4m 20s | $57K | $232K | 50x |
Lighter WLD
ApeX Omni WLDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- −$185.64
- Price spread: −0.531% → −0.070%
- −$46.09
- Slippage, 4 orders
- −$39.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$281.3
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 2 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 Lighter live order book, 4 min ago | 5.06 bp | 12.2 bp −$12 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 2 min ago | 5.31 bp | 13.9 bp −$14 | 106.4 bp −$1,064 | 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 | −0.0164% | 8h | 0.4744 | −0.088% | $34K | $4.1M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0026% | 1h | 0.4747 | −0.020% | $276K | $178K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0021% | 8h | 0.4745 | −0.067% | $7.1M | $11.2M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4749 | +0.009% | $169K | $12K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4739 | −0.194% | $147K | $886K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4748 | −0.004% | $56K | — | 150x | as long as short |
| Phemex WLDUSDT | +0.0030% | 8h | 0.4731 | −0.362% | $1.9M | $3.7M | 50x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | −0.088% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0050% | 8h | 0.4740 | −0.173% | $29K | $899K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4746 | −0.040% | $208K | $996K | 50x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Phemex WLDUSDT
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4751 | +0.052% | $56K | $485K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4737 | −0.236% | $90.5M | $311.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4734 | −0.299% | $68.7M | $83.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4733 | −0.320% | $35.9M | $150.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4743 | −0.110% | $7.6M | $36.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4749 | +0.017% | $49.6M | $55.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4737 | −0.236% | $31.7M | $27.5M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4747 | −0.025% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4737 | −0.230% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | −0.918% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4729 | −0.398% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4728 | −0.417% | $624K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDTshort | +0.0100% | 1h | 0.4723 | −0.531% | $57K | $232K | 50x | |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4753 | +0.107% | $49K | $1.8M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4742 | −0.131% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4737 | −0.236% | $224 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4741 | −0.152% | $901K | $1.9M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4735 | −0.279% | $219K | $906K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4745 | −0.062% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4746 | −0.042% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4732 | −0.341% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4725 | −0.489% | $5.1M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0240% / S −0.1538% | 1h | 0.4747 | −0.016% | $7K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4751 | +0.059% | $340 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0318% | 1h | 0.4738 | −0.218% | $942K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4747 | −0.025% | $278K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0886% | 1h | 0.4757 | +0.183% | $53.4M | $44.1M | 10x | as long as short |
| Lighter WLDlong | +0.0984% | 1h | 0.4748 | long leg | $5.4M | $2.1M | 10x |
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
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD