Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.104%
Price spread now: Phoenix against Lighter+0.203%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.203% dearer against Lighter than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter WLD | 0.4588 | 0.0096 | pay 0.0012% / 1h | 20m 42s | $5.0M | $2.4M | 10x |
| Short | Phoenix WLD | 0.4598 | 0.0158 | get 0.0020% / 1h | 20m 42s | $5K | $52K | 10x |
Lighter WLD
Phoenix WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $12.95
- Price spread: +0.203% → 0.000%
- $20.27
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.21
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 7 min ago; Phoenix: no order-book sample. Net counts fees only.
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 | 3.59 bp | 7.3 bp −$7 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0040% | 1h | 0.4582 | −0.139% | $243K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0009% | 8h | 0.4580 | −0.183% | $7.0M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4580 | −0.181% | $156K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4586 | −0.052% | $39K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4582 | −0.139% | $118K | $942K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4582 | −0.144% | $66K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4544 | −0.968% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0094% | 8h | 0.4581 | −0.161% | $28K | $886K | 10x | as long as short |
| Lighter WLDlong | +0.0096% | 1h | 0.4588 | long leg | $5.0M | $2.4M | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4583 | −0.108% | $211K | $1.1M | 50x | as long as short |
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
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 | 0.4584 | −0.104% | $49K | $527K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4582 | −0.139% | $86.9M | $328.2M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4581 | −0.161% | $65.2M | $89.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4583 | −0.118% | $34.4M | $149.9M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4584 | −0.096% | $7.2M | $37.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4581 | −0.161% | $44.0M | $54.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4584 | −0.096% | $30.3M | $30.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4583 | −0.118% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4582 | −0.131% | $137K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4579 | −0.212% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4586 | −0.043% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4593 | +0.100% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4598 | +0.209% | $43K | $239K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4580 | −0.185% | $40K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4585 | −0.074% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4582 | −0.139% | $175 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4586 | −0.052% | $838K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4581 | −0.161% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4580 | −0.187% | $221K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4583 | −0.128% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4581 | −0.157% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0144% | 1h | 0.4582 | −0.137% | $328 | $80 | 5x | as long as short |
| Phoenix WLDshort | +0.0158% | 1h | 0.4598 | +0.203% | $5K | $52K | 10x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4583 | −0.118% | $4.8M | $832K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4581 | −0.153% | $5K | — | 100x | as long as short |
| Hyperliquid WLD | +0.0335% | 1h | 0.4591 | +0.054% | $50.4M | $43.3M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0479% | 1h | 0.4584 | −0.095% | $885K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0496% | 1h | 0.4593 | +0.100% | $269K | $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
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Hyperliquid WLD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX