Funding you earn now, next payment 02:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.078%
Price spread now: Kraken Futures against Lighter−0.349%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.349%, 7d avg −0.085%
=Together, before fees+0.339%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.264% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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 | 0.4669 | 0.0856 | pay 0.0107% / 1h | 15m 32s | $5.3M | $2.1M | 10x |
| Short | Kraken Futures PF_WLDUSD | 0.4652 | 0.0643 | get 0.0080% / 1h | 15m 32s | $905K | $2.9M | 50x |
Lighter WLD
Kraken Futures PF_WLDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$44.67
- Price spread: −0.349% → −0.085%
- −$26.4
- Slippage, 4 orders
- −$48.79
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$129.86
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 3 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, 7 min ago | 4.68 bp | 7.4 bp −$7 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 10.72 bp | 24.2 bp −$24 | 33.8 bp −$338 | 1118.4 bp −$111.8K | doesn't fit |
WLD on 37 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 | −0.0235% | 1h | 0.4666 | −0.058% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0143% | 8h | 0.4640 | −0.615% | $64K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0041% | 8h | 0.4656 | −0.272% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4658 | −0.237% | $166K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4653 | −0.336% | $120K | $918K | 25x | as long as short |
| Nado WLD-PERP | 0.0000% | 1h | 0.4657 | −0.240% | $270K | $189K | 5x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4652 | −0.358% | $56K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0061% | 8h | 0.4652 | −0.358% | $28K | $897K | 10x | as long as short |
| Gate WLD_USDT | +0.0067% | 8h | 0.4658 | −0.229% | $7.3M | $37.9M | 75x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4653 | −0.326% | $5K | $54K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Nado WLD-PERP
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Gate WLD_USDT
Phoenix WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4657 | −0.241% | $178K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4658 | −0.227% | $53K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4657 | −0.251% | $88.5M | $326.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4656 | −0.272% | $66.3M | $88.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4660 | −0.186% | $35.1M | $152.7M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4657 | −0.251% | $45.9M | $56.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4659 | −0.208% | $31.0M | $29.6M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4660 | −0.186% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4657 | −0.240% | $140K | $295K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4649 | −0.430% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4680 | +0.243% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4691 | +0.478% | $622K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4689 | +0.435% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4661 | −0.159% | $54K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4662 | −0.144% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4650 | −0.401% | $223 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4653 | −0.336% | $881K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4652 | −0.358% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4659 | −0.211% | $214K | $889K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4653 | −0.336% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4659 | −0.204% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4652 | −0.352% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0272% | 1h | 0.4662 | −0.135% | $334 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4660 | −0.186% | $274K | $1.8M | 50x | as long as short |
| Hyperliquid WLD | +0.0554% | 1h | 0.4666 | −0.051% | $51.9M | $44.2M | 10x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0643% | 1h | 0.4652 | −0.349% | $905K | $2.9M | 50x | |
| Lighter WLDlong | +0.0856% | 1h | 0.4669 | long leg | $5.3M | $2.1M | 10x |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
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
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Hyperliquid WLD