Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.097%

Price spread now: Lighter against OKX+0.167%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 7 days−0.177%−$18 · spread now +0.167%, 7d avg +0.128%

Together, before fees+0.010%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.040% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4540	0.0100	pay 0.0100% / 8h	1h 47m	$34.4M	$155.4M	50x
Short	Lighter WLD	0.4548	0.0288	get 0.0036% / 1h	47m 26s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.167%Rate

Funding earned: $39.48
Price spread: +0.167% → +0.128%: $3.98
Slippage, 4 orders: −$21.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.53
Costs to cover: 0.319%
Break-even: 5.0 days

Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 5 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 OKX live order book, 2 min ago	1.10 bp	7.5 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	5.95 bp	8.5 bp −$8	28.4 bp −$284	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	−0.0022%	1h	0.4546	+0.132%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4544	+0.093%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4544	+0.088%	$59K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4549	+0.198%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.040%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4542	+0.044%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4541	+0.022%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4543	+0.072%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4543	+0.071%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4541	+0.022%	$86.6M	$340.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4541	+0.022%	$64.8M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4540	long leg	$34.4M	$155.4M	50x
Gate WLD_USDT	+0.0100%	8h	0.4542	+0.044%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4541	+0.022%	$40.3M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4541	+0.022%	$29.9M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4542	+0.044%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4549	+0.205%	$132K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.017%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	+0.053%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4546	+0.135%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.088%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4540	−0.009%	$57K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4551	+0.242%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	+0.132%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4544	+0.088%	$831K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4547	+0.154%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4540	−0.005%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4548	+0.167%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	+0.022%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4540	−0.005%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4544	+0.090%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4542	+0.055%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4540	+0.009%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	+0.066%	$4.8M	$938K	75x	as long as short
Lighter WLDshort	+0.0288%	1h	0.4548	+0.167%	$4.9M	$2.9M	10x
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.176%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0752%	1h	0.4548	+0.178%	$49.9M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1041%	1h	0.4548	+0.170%	$871K	$2.9M	50x	as long as short