Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0836%/8h= −91.5% APRpaid last 24h −0.075%

Price spread now: Binance against Lighter−0.143%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.143%, 7d avg −0.099%

Together, before fees−0.143%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.044% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.099%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% 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	Lighter WLD	0.4678	0.0936	pay 0.0117% / 1h	31m 42s	$5.3M	$2.0M	10x
Short	Binance WLDUSDT	0.4671	0.0100	get 0.0100% / 8h	7h 31m	$88.8M	$305.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$175.56
Price spread: −0.143% → −0.099%: −$4.38
Slippage, 4 orders: −$20.15
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$210.09
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 12 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, 6 min ago	4.73 bp	5.3 bp −$5	33.1 bp −$331	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.08 bp	6.1 bp −$6	7.8 bp −$78	54.7 bp −$5,473	197.8 bp −$98.9K

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	−0.0179%	8h	0.4660	−0.383%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4655	−0.490%	$279K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4666	−0.254%	$7.0M	$11.1M	50x	as long as short
Phemex WLDUSDT	−0.0018%	8h	0.4667	−0.233%	$1.9M	$3.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4669	−0.196%	$167K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4659	−0.404%	$134K	$871K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4657	−0.447%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.404%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0043%	8h	0.4660	−0.383%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4671	−0.138%	$195K	$961K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4659	−0.400%	$54K	$482K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4671	−0.143%	$88.8M	$305.3M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4671	−0.148%	$67.3M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4671	−0.148%	$35.2M	$146.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4669	−0.190%	$7.6M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4671	−0.148%	$48.2M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4669	−0.190%	$31.0M	$26.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4669	−0.190%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4667	−0.224%	$139K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.387%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	−0.504%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.340%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4642	−0.767%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4654	−0.513%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4667	−0.233%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4662	−0.340%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4663	−0.319%	$867K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4669	−0.189%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4663	−0.319%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4652	−0.547%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−1.043%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4658	−0.425%	$4.9M	$865K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4655	−0.482%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4657	−0.440%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4666	−0.264%	$916K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4658	−0.425%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0766%	1h	0.4677	−0.011%	$52.1M	$43.5M	10x	as long as short
Lighter WLDlong	+0.0936%	1h	0.4678	long leg	$5.3M	$2.0M	10x