Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.086%

Price spread now: HTX against Lighter−0.118%7-day average −0.293% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.118%, 7d avg −0.293%

Together, before fees−0.305%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.175% dearer against Lighter than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.293%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4572	0.0168	pay 0.0021% / 1h	3m 15s	$4.9M	$2.9M	10x
Short	HTX WLD-USDT	0.4567	0.0100	get 0.0100% / 8h	2h 03m	$835K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$14.28
Price spread: −0.118% → −0.293%: $17.52
Slippage, 4 orders: −$74.26
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$83.01
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; HTX: live order book, 1 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, 5 min ago	2.29 bp	9.6 bp −$10	27.9 bp −$279	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	12.05 bp	28.1 bp −$28	doesn't fit	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
Nado WLD-PERP	−0.0034%	1h	0.4561	−0.260%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	−0.138%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4567	−0.118%	$54K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4566	−0.150%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0071%	8h	0.4565	−0.162%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4567	−0.127%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	−0.118%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4568	−0.090%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	−0.100%	$51K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4566	−0.135%	$87.0M	$339.4M	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	0.4566	−0.140%	$65.1M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	−0.118%	$34.6M	$156.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4564	−0.184%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4563	−0.206%	$40.3M	$57.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4565	−0.162%	$30.2M	$31.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4565	−0.162%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	−0.081%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.138%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4576	+0.068%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.210%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.035%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.197%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4570	−0.052%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4568	−0.096%	$215	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4567	−0.118%	$835K	$1.7M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4567	−0.118%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4566	−0.137%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4567	−0.107%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4563	−0.213%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.118%	$5K	$52K	10x	as long as short
Lighter WLDlong	+0.0168%	1h	0.4572	long leg	$4.9M	$2.9M	10x
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.621%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	−0.074%	$152K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4564	−0.187%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.013%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0358%	1h	0.4570	−0.050%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4570	−0.049%	$864K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	−0.140%	$275K	$1.7M	50x	as long as short