Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1308%/8h= +143.2% APRpaid last 24h +0.046%

Price spread now: Lighter against SunX+0.059%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)−0.318%−$32 · spread now +0.059%, 7d avg −0.020%

Together, before fees−0.272%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Lighter is 0.079% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.020%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment. 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	SunX WLD-USDT	0.4567	0.0100	pay 0.0100% / 8h	24m 00s	$23K	$1.5M	50x
Short	Lighter WLD	0.4570	0.1408	get 0.0176% / 1h	24m 00s	$5.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.059%Rate

Funding earned: $274.68
Price spread: +0.059% → −0.020%: $7.88
Slippage, 4 orders: −$89.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $184.76
Costs to cover: 0.978%
Break-even: 2.3 days

Slippage from SunX: live order book, 11 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 SunX live order book, 11 min ago	29.45 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.29 bp	8.9 bp −$9	39.8 bp −$398	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	−0.0195%	8h	0.4561	−0.131%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4558	−0.189%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.153%	$112K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	−0.150%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4558	−0.197%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0030%	8h	0.4558	−0.197%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0044%	1h	0.4558	−0.197%	$274K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4561	−0.133%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4560	−0.151%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4559	−0.169%	$86.0M	$301.6M	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	0.4560	−0.153%	$65.3M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.175%	$34.0M	$142.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	−0.175%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	−0.153%	$45.3M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4559	−0.175%	$30.0M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4559	−0.175%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4560	−0.147%	$128K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4574	+0.153%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.279%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.423%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.350%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	−0.120%	$45K	$1.6M	10x	as long as short
SunX WLD-USDTlong	+0.0100%	8h	0.4567	long leg	$23K	$1.5M	50x
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.175%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.285%	$848K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4560	−0.153%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4558	−0.196%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	−0.131%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	+0.061%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4558	−0.201%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	−0.066%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4560	−0.156%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4563	−0.085%	$326	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.547%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4563	−0.088%	$269K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0469%	1h	0.4565	−0.035%	$49.5M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0721%	1h	0.4562	−0.104%	$899K	$2.7M	50x	as long as short
Lighter WLDshort	+0.1408%	1h	0.4570	+0.059%	$5.2M	$2.0M	10x