Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.100%

Price spread now: Lighter against MEXC+0.077%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.077%, 7d avg +0.108%

Together, before fees+0.084%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.031% cheaper against MEXC than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.108%). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.198% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WLD_USDT	0.4530	0.0100	pay 0.0100% / 8h	1h 13m	$40.0M	$57.7M	300x
Short	Lighter WLD	0.4533	0.0128	get 0.0016% / 1h	13m 27s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.077%Rate

Funding earned: $5.88
Price spread: +0.077% → +0.108%: −$3.06
Slippage, 4 orders: −$19.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.77
Costs to cover: 0.196%
Break-even: 27.0 days

Slippage from MEXC: live order book, 5 min ago; Lighter: 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 MEXC live order book, 5 min ago	1.10 bp	2.0 bp −$2	5.7 bp −$57	30.9 bp −$3,086	89.5 bp −$44.7K
Sell Lighter live order book, 4 min ago	2.75 bp	5.5 bp −$6	22.0 bp −$220	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	−0.0011%	1h	0.4530	0.000%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4531	+0.025%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4530	0.000%	$50K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4531	+0.022%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4529	−0.028%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4528	−0.044%	$27K	$759K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	+0.042%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4530	−0.001%	$49K	$538K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4530	0.000%	$86.4M	$336.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4529	−0.022%	$64.6M	$90.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4529	−0.022%	$34.2M	$152.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4529	−0.022%	$7.1M	$36.4M	75x	as long as short
MEXC WLD_USDTlong	+0.0100%	8h	0.4530	long leg	$40.0M	$57.7M	300x
KuCoin WLDUSDTM	+0.0100%	8h	0.4529	−0.022%	$6.7M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	+0.022%	$30.0M	$31.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4529	−0.022%	—	$69.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4531	+0.013%	$135K	$294K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4527	−0.073%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4530	−0.004%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4534	+0.095%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4532	+0.044%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	−0.026%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4536	+0.132%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	−0.022%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4531	+0.022%	$829K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	−0.022%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4528	−0.040%	$210K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	+0.011%	$31K	$500	3x	as long as short
Lighter WLDshort	+0.0128%	1h	0.4533	+0.077%	$4.9M	$2.9M	10x
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.126%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	−0.039%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4533	+0.066%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4537	+0.157%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4530	−0.007%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4529	−0.022%	$4.8M	$916K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4533	+0.066%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0533%	1h	0.4536	+0.137%	$49.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1045%	1h	0.4531	+0.013%	$875K	$2.9M	50x	as long as short