Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0400%/8h= +43.7% APRpaid last 24h +0.044%

Price spread now: Kraken Futures against BingX+0.100%7-day average +0.059% · 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−$44as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.100%, 7d avg +0.059%

Together, before fees+0.205%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.059%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% 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	BingX WLD-USDT	0.4532	0.0100	pay 0.0100% / 8h	2h 18m	—	$70.1M	—
Short	Kraken Futures PF_WLDUSD	0.4537	0.0500	get 0.0062% / 1h	18m 45s	$864K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.100%Rate

Funding earned: $83.9
Price spread: +0.100% → +0.059%: $4.16
Slippage, 4 orders: −$28.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $39.75
Costs to cover: 0.483%
Break-even: 3.7 days

Slippage from BingX: live order book, 5 min ago; Kraken Futures: 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 BingX live order book, 5 min ago	1.12 bp	6.1 bp −$6	9.1 bp −$91	25.5 bp −$2,554	122.5 bp −$61.2K
Sell Kraken Futures live order book, 5 min ago	4.46 bp	15.9 bp −$16	26.1 bp −$261	970.5 bp −$97.1K	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	−0.0058%	1h	0.4533	+0.033%	$244K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4536	+0.092%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4530	−0.044%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4535	+0.059%	$66K	—	150x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4538	+0.130%	$325	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4532	0.000%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0058%	1h	0.4534	+0.042%	$42K	$2.4M	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4537	+0.113%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4534	+0.044%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	+0.005%	$226K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4535	+0.073%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4533	+0.028%	$86.3M	$338.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4532	0.000%	$64.5M	$91.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4530	−0.044%	$34.2M	$154.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4533	+0.022%	$7.2M	$37.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	0.000%	$39.2M	$56.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	−0.022%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDTlong	+0.0100%	8h	0.4532	long leg	—	$70.1M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4537	+0.117%	$135K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	−0.492%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4512	−0.441%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.909%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−1.103%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4542	+0.221%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4533	+0.022%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4529	−0.066%	$829K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4531	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4532	−0.004%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	−0.011%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	+0.061%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	−0.388%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	−0.419%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0191%	1h	0.4535	+0.066%	$145K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4534	+0.055%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4535	+0.066%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4536	+0.086%	$49.0M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0500%	1h	0.4537	+0.100%	$864K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4538	+0.132%	$276K	$1.7M	50x	as long as short