Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.100%

Price spread now: MEXC against Lighter−0.117%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 7 days+0.211%+$21 · spread now −0.117%, 7d avg −0.107%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WLD	0.4523	0.0192	pay 0.0024% / 1h	50m 06s	$4.9M	$2.9M	10x
Short	MEXC WLD_USDT	0.4518	0.0100	get 0.0100% / 8h	2h 50m	$39.0M	$55.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$19.32
Price spread: −0.117% → −0.107%: −$0.98
Slippage, 4 orders: −$13.94
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$34.25
Costs to cover: 0.139%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; MEXC: 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 Lighter live order book, 3 min ago	2.87 bp	4.7 bp −$5	23.8 bp −$238	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.11 bp	1.3 bp −$1	5.8 bp −$58	20.5 bp −$2,047	66.9 bp −$33.4K

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	−0.0036%	1h	0.4526	+0.071%	$240K	$204K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	−0.003%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4522	−0.029%	$72K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	−0.007%	$146K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.012%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0038%	8h	0.4518	−0.117%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4529	+0.124%	$324	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4524	+0.009%	$47K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	−0.007%	$28K	$853K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4511	−0.274%	$225K	$1.1M	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	0.4526	+0.060%	$47K	$533K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	−0.280%	$85.8M	$337.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4509	−0.316%	$64.2M	$91.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4511	−0.272%	$34.1M	$153.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4514	−0.206%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDTshort	+0.0100%	8h	0.4518	−0.117%	$39.0M	$55.5M	300x
Bitget WLDUSDT	+0.0100%	8h	0.4507	−0.360%	$29.7M	$30.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4509	−0.316%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.206%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4526	+0.053%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4514	−0.195%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4521	−0.051%	$593K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4517	−0.139%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4532	+0.192%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.073%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.073%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4521	−0.051%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4520	−0.067%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	−0.007%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4525	+0.032%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4523	−0.007%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4519	−0.095%	$6K	$185K	5.5x	as long as short
Lighter WLDlong	+0.0192%	1h	0.4523	long leg	$4.9M	$2.9M	10x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.003%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4528	+0.104%	$4.8M	$930K	75x	as long as short
Hyperliquid WLD	+0.0344%	1h	0.4514	−0.210%	$49.0M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0501%	1h	0.4521	−0.056%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4532	+0.192%	$267K	$1.7M	50x	as long as short