Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.119%
Price spread now: Nado against Lighter−0.033%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 3 days (all we have)−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.033%, 7d avg −0.151%
=Together, before fees−0.243%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.118% dearer against Lighter than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.151%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4516 | 0.0200 | pay 0.0025% / 1h | 48m 55s | $4.9M | $2.9M | 10x |
| Short | Nado WLD-PERP | 0.4515 | −0.0032 | pay 0.0004% / 1h | 48m 55s | $244K | $207K | 5x |
Lighter WLD
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$48.74
- Price spread: −0.033% → −0.151%
- $11.83
- Slippage, 4 orders
- −$32.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$76.06
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Nado: live order book, 64 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 | 2.87 bp | 4.7 bp −$5 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Nado live order book, 64 min ago | 2.82 bp | 8.6 bp −$9 | 31.5 bp −$315 | 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-PERPshort | −0.0032% | 1h | 0.4515 | −0.033% | $244K | $207K | 5x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4514 | −0.050% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4511 | −0.122% | $81K | $4.8M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4516 | −0.011% | $146K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4516 | −0.015% | $65K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0040% | 8h | 0.4512 | −0.100% | $6.7M | $11.9M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0072% | 1h | 0.4516 | −0.015% | $323 | $55 | 5x | as long as short |
| Polymarket Perps WLD-USD | +0.0080% | 1h | 0.4513 | −0.069% | $45K | $2.3M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0098% | 8h | 0.4515 | −0.033% | $28K | $853K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4512 | −0.097% | $225K | $1.1M | 50x | as long as short |
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
01 Exchange WLDUSD
Polymarket Perps WLD-USD
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 | 0.4515 | −0.035% | $50K | $541K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4512 | −0.100% | $85.8M | $337.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4511 | −0.122% | $64.2M | $91.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4512 | −0.100% | $34.1M | $153.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4513 | −0.077% | $7.2M | $36.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4512 | −0.100% | $38.9M | $55.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4511 | −0.122% | $29.8M | $30.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4513 | −0.077% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4514 | −0.051% | $134K | $307K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4526 | +0.204% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4514 | −0.044% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4528 | +0.263% | $594K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4523 | +0.144% | $48K | $240K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4516 | −0.011% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4511 | −0.122% | $207 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4511 | −0.122% | $825K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4512 | −0.100% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4511 | −0.127% | $221K | $999K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4514 | −0.050% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4514 | −0.049% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0142% | 1h | 0.4523 | +0.144% | $5K | $52K | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0176% | 1h | 0.4519 | +0.055% | $6K | $185K | 5.5x | as long as short |
| Lighter WLDlong | +0.0200% | 1h | 0.4516 | long leg | $4.9M | $2.9M | 10x | |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4516 | −0.021% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4511 | −0.122% | $4.8M | $926K | 75x | as long as short |
| Hyperliquid WLD | +0.0339% | 1h | 0.4517 | +0.004% | $49.0M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0502% | 1h | 0.4514 | −0.051% | $861K | $2.9M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0536% | 1h | 0.4521 | +0.100% | $276K | $1.7M | 50x | as long as short |
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
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Injective WLD/USDC PERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX