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% APRpaid last 24h +0.014%

Price spread now: Pacifica against Binance+0.085%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.085%, 7d avg +0.030%

Together, before fees+0.057%+ Points / potential airdropPacifica: Active · farm board+$6 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: Pacifica is 0.055% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4516	0.0100	pay 0.0100% / 8h	14m 30s	$86.5M	$333.6M	75x
Short	Pacifica WLD	0.4520	0.0100	get 0.0013% / 1h	14m 30s	$54K	$546K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.030%: $5.46
Slippage, 4 orders: −$21.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.54
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Pacifica: live order book, 24 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, 14 min ago	1.11 bp	8.7 bp −$9	15.2 bp −$152	60.2 bp −$6,019	231.2 bp −$115.6K
Sell Pacifica live order book, 24 min ago	3.31 bp	11.6 bp −$12	doesn't fit	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.171%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0018%	1h	0.4515	−0.028%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	+0.058%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4514	−0.039%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4513	−0.061%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4512	−0.083%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4511	−0.105%	$27K	$675K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	+0.091%	$228K	$1.0M	50x	as long as short
Pacifica WLDshort	+0.0100%	1h	0.4520	+0.085%	$54K	$546K	5x
Binance WLDUSDTlong	+0.0100%	8h	0.4516	long leg	$86.5M	$333.6M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4513	−0.061%	$63.9M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4514	−0.039%	$34.1M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	−0.016%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4517	+0.028%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	+0.050%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4515	−0.016%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4515	−0.016%	—	$72.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	−0.028%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.087%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4508	−0.175%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4507	−0.185%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.083%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	+0.001%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4520	+0.094%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4512	−0.083%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.105%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4512	−0.083%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4513	−0.051%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4513	−0.061%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.163%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4523	+0.170%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.189%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4517	+0.034%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.103%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	−0.127%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0398%	1h	0.4520	+0.101%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4516	+0.006%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0458%	1h	0.4514	−0.037%	$865K	$2.8M	50x	as long as short