Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h −0.003%
Price spread now: Hyperliquid against BloFin−0.344%67s7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$460.465% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.124%−$12 on $10k
Price spread, last 3 days (all we have)−0.208%−$21 · spread now −0.344%, 7d avg +0.078%
Together, before fees−0.332%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.421% cheaper against BloFin than usual: you would sell low and buy high (spread −0.344% now, against its 7-day average of +0.078%). If the spread goes back, that is −$42 on $10k: about 7.5 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin WLD-USDT0.46530.0202pay 0.0202% / 8h2h 58m$5.0M$944K75x
ShortHyperliquid WLD0.46370.0389get 0.0049% / 1h58m 03s$48.2M$40.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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

Funding earned
$39.45
Price spread: −0.344% → +0.078%
−$42.14
Slippage, 4 orders
−$25.46
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$49.15
Costs to cover
0.465%
Break-even
15.7 days
Slippage from BloFin: live order book, 6 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago3.22 bp14.8 bp −$1525.6 bp −$25647.4 bp −$4,740106.4 bp −$53.2K
Sell Hyperliquid live order book, 5 min ago0.11 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0261%8h0.4632−0.451%$31K$3.8M1.7xas long as short
Phoenix WLD−0.0091%1h0.4649−0.092%$2K$47K10xas long as short
Variational Omni WLD−0.0081%8h0.4652−0.031%$2.1M$1.7Mas long as short
Orderly PERP_WLD_USDC−0.0029%8h0.4632−0.451%$28K$922K10xas long as short
dYdX WLD-USD0.0000%1h0.4633−0.440%$158K$6K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4633−0.430%$157K$784K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4632−0.451%$58K150xas long as short
KuCoin WLDUSDTM+0.0014%8h0.4628−0.537%$7.0M$10.7M50xas long as short
OKX WLD-USDT-SWAP+0.0028%8h0.4629−0.516%$35.0M$139.3M50xas long as short
Bybit WLDUSDT+0.0046%8h0.4632−0.451%$68.2M$78.9M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC WLD_USDT+0.0081%8h0.4630−0.494%$55.1M$45.9M300xas long as short
Binance WLDUSDT+0.0084%8h0.4633−0.430%$88.6M$290.0M75xas long as short
Aster WLDUSDT+0.0100%8h0.4634−0.416%$212K$984K50xas long as short
Pacifica WLD+0.0100%1h0.4631−0.478%$56K$475K5xas long as short
Gate WLD_USDT+0.0100%8h0.4629−0.516%$7.6M$33.8M75xas long as short
Bitget WLDUSDT+0.0100%8h0.4629−0.516%$30.5M$25.1M75xas long as short
BingX WLD-USDC+0.0100%8h0.4630−0.494%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4631−0.475%$131K$296K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4654+0.013%$27K$316K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4659+0.123%$629K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4664+0.236%$56K$226K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4634−0.410%$57K$1.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4634−0.408%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4629−0.516%$200$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4636−0.365%$872K$1.7M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4630−0.494%$1.9M$3.8M50xas long as short
Extended WLD-USD+0.0104%1h0.4629−0.506%$135K$745K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4633−0.430%$31K$5K3xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4633−0.439%20xas long as short
Nado WLD-PERP+0.0152%1h0.4633−0.419%$359K$130K5xas long as short
BloFin WLD-USDTlong+0.0202%8h0.4653long leg$5.0M$944K75x
GMX WLD/USD [ETH-USDC]L +0.0223% / S −0.1831%1h0.4632−0.456%$9K100xas long as short
01 Exchange WLDUSD+0.0224%1h0.4636−0.372%$332$775xas long as short
Injective WLD/USDC PERP+0.0374%1h0.4606−1.010%$6K$90K5.5xas long as short
Hyperliquid WLDshort+0.0389%1h0.4637−0.344%$48.2M$40.4M10x
Coinbase International WLD-PERP-INTX+0.0400%1h0.4635−0.387%$276K$1.6M50xas long as short
Lighter WLD+0.0440%1h0.4640−0.288%$5.1M$1.9M10xas long as short
Kraken Futures PF_WLDUSD+0.1077%1h0.4633−0.430%$929K$2.5M50xas long as short