Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0460%/8h= +50.4% APRpaid last 24h +0.082%

Price spread now: Coinbase International against Binance+0.182%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.182%, 7d avg +0.067%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.115% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.067%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% 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	Binance WLDUSDT	0.4581	0.0100	pay 0.0100% / 8h	3h 31m	$87.4M	$329.7M	75x
Short	Coinbase International WLD-PERP-INTX	0.4589	0.0560	get 0.0070% / 1h	31m 15s	$269K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.182%Rate

Funding earned: $96.6
Price spread: +0.182% → +0.067%: $11.52
Slippage, 4 orders: −$38.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $49.46
Costs to cover: 0.587%
Break-even: 3.4 days

Slippage from Binance: live order book, 12 min ago; Coinbase International: live order book, 2 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 Binance live order book, 12 min ago	1.09 bp	9.0 bp −$9	15.8 bp −$158	56.8 bp −$5,677	227.2 bp −$113.6K
Sell Coinbase International live order book, 2 min ago	6.57 bp	18.6 bp −$19	22.3 bp −$223	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	−0.0033%	1h	0.4577	−0.069%	$243K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.293%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	−0.386%	$51K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	0.000%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0021%	8h	0.4577	−0.080%	$6.9M	$11.8M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	+0.030%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	−0.270%	$49K	$524K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4581	long leg	$87.4M	$329.7M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4583	+0.051%	$65.4M	$90.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4581	+0.007%	$34.6M	$151.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4578	−0.058%	$7.3M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4580	−0.014%	$41.7M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4582	+0.029%	$30.3M	$30.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4581	+0.007%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4566	−0.324%	$137K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4568	−0.283%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4559	−0.478%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4563	−0.386%	$601K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4562	−0.407%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	−0.041%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4582	+0.029%	$28K	$867K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	+0.182%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4581	+0.007%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.080%	$837K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4579	−0.036%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4580	−0.011%	$217K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4585	+0.084%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4579	−0.043%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	−0.102%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4561	−0.418%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4559	−0.473%	$4.9M	$891K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4581	+0.005%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4580	−0.025%	$328	$55	5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0405%	1h	0.4586	+0.117%	$124K	$959K	25x	as long as short
Hyperliquid WLD	+0.0436%	1h	0.4586	+0.106%	$50.4M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0518%	1h	0.4583	+0.053%	$894K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0560%	1h	0.4589	+0.182%	$269K	$1.7M	50x
Lighter WLD	+0.0800%	1h	0.4576	−0.110%	$5.2M	$2.6M	10x	as long as short