Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against Binance−0.071%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.071%, 7d avg −0.010%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4530	0.0100	pay 0.0100% / 8h	1h 03m	$86.5M	$334.7M	75x
Short	Gate WLD_USDT	0.4527	0.0100	get 0.0100% / 8h	1h 03m	$7.1M	$36.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.010%: −$6.19
Slippage, 4 orders: −$21.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.36
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: 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 Binance live order book, 10 min ago	1.10 bp	6.1 bp −$6	11.6 bp −$116	49.3 bp −$4,926	221.3 bp −$110.7K
Sell Gate live order book, 5 min ago	2.21 bp	16.1 bp −$16	36.2 bp −$362	58.9 bp −$5,894	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	0.4522	−0.182%	$238K	$169K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4532	+0.030%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4527	−0.071%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4524	−0.138%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4525	−0.123%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	−0.160%	$27K	$745K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4530	−0.011%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4531	+0.013%	$49K	$537K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4530	long leg	$86.5M	$334.7M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4530	−0.005%	$64.5M	$89.3M	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	0.4531	+0.017%	$34.2M	$152.0M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4527	−0.071%	$7.1M	$36.4M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4532	+0.039%	$40.1M	$57.7M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4525	−0.116%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	−0.027%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4528	−0.049%	—	$69.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4528	−0.041%	$134K	$292K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4535	+0.099%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	−0.106%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4530	−0.004%	$597K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	−0.027%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4521	−0.193%	$47K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.061%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	−0.160%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.071%	$828K	$1.6M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	−0.071%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	−0.078%	$208K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	−0.122%	$31K	$500	3x	as long as short
Lighter WLD	+0.0128%	1h	0.4536	+0.136%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4581	+1.121%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4520	−0.220%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0136%	1h	0.4526	−0.098%	$324	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4541	+0.249%	$5K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	−0.158%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	+0.105%	$4.8M	$914K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4530	−0.005%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0492%	1h	0.4536	+0.121%	$49.8M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1046%	1h	0.4526	−0.088%	$875K	$2.8M	50x	as long as short