Funding you earn now, next payment 22:00 UTC+0.0844%/8h= +92.4% APRnext payment +$1.05 per $10,000 · paid last 24h +0.023%
Price spread now: Lighter against Pacifica+0.174%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.174%, 7d avg +0.099%
=Together, before fees−0.071%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.075% dearer against Pacifica than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica WLD | 0.4528 | 0.0100 | pay 0.0013% / 1h | 10m 12s | $51K | $482K | 5x |
| Short | Lighter WLD | 0.4536 | 0.0944 | get 0.0118% / 1h | 10m 12s | $5.1M | $2.1M | 10x |
Pacifica WLD
Lighter WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- $177.24
- Price spread: +0.174% → +0.099%
- $7.51
- Slippage, 4 orders
- −$34.52
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $142.23
- Costs to cover
- 0.425%
- Break-even
- 1.4 days
Slippage from Pacifica: live order book, 13 min ago; Lighter: live order book, 8 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 Pacifica live order book, 13 min ago | 2.20 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.75 bp | 10.3 bp −$10 | 34.9 bp −$349 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0489% | 8h | 0.4528 | −0.003% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0018% | 8h | 0.4527 | −0.025% | $28K | $916K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4527 | −0.032% | $154K | $6K | 10x | as long as short |
| KuCoin WLDUSDTM | 0.0000% | 8h | 0.4524 | −0.091% | $7.0M | $10.7M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4528 | −0.003% | $123K | $911K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4528 | −0.013% | $56K | — | 150x | as long as short |
| Variational Omni WLD | +0.0006% | 8h | 0.4520 | −0.171% | $2.1M | $1.7M | — | as long as short |
| Nado WLD-PERP | +0.0035% | 1h | 0.4527 | −0.019% | $270K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4522 | −0.133% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0085% | 8h | 0.4525 | −0.069% | $33.9M | $137.8M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Variational Omni WLD
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC WLD_USDT | +0.0088% | 8h | 0.4525 | −0.069% | $52.6M | $48.0M | 300x | as long as short |
| Binance WLDUSDT | +0.0091% | 8h | 0.4526 | −0.054% | $85.0M | $293.1M | 75x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4531 | +0.053% | $46.4M | $41.2M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4527 | −0.021% | $214K | $975K | 50x | as long as short |
| Pacifica WLDlong | +0.0100% | 1h | 0.4528 | long leg | $51K | $482K | 5x | |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4525 | −0.069% | $64.5M | $80.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4526 | −0.047% | $7.3M | $34.8M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4526 | −0.047% | $30.0M | $25.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4525 | −0.069% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4527 | −0.034% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4531 | +0.062% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4520 | −0.188% | $606K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4533 | +0.108% | $54K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4527 | −0.034% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4534 | +0.130% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4526 | −0.047% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4520 | −0.179% | $853K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4526 | −0.047% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4526 | −0.058% | $132K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4528 | −0.001% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4527 | −0.035% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0209% | 8h | 0.4528 | −0.003% | $4.9M | $810K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.1712% | 1h | 0.4528 | +0.002% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4532 | +0.081% | $324 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.307% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4532 | +0.086% | $278K | $1.6M | 50x | as long as short |
| Lighter WLDshort | +0.0944% | 1h | 0.4536 | +0.174% | $5.1M | $2.1M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1101% | 1h | 0.4529 | +0.027% | $921K | $2.6M | 50x | as long as short |
MEXC WLD_USDT
Binance WLDUSDT
Hyperliquid WLD
Aster WLDUSDT
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
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
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD