Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h −0.054%

Price spread now: Kraken Futures against BloFin+0.066%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

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

costs, in and out, $10k−$570.567% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.066%, 7d avg +0.016%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.050% dearer against BloFin than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.016%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4591	0.0220	pay 0.0220% / 8h	1h 26m	$4.9M	$816K	75x
Short	Kraken Futures PF_WLDUSD	0.4594	0.0186	get 0.0023% / 1h	26m 52s	$911K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$7.24
Price spread: +0.066% → +0.016%: $4.97
Slippage, 4 orders: −$34.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$58.93
Costs to cover: 0.567%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Kraken Futures: 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 BloFin live order book, 2 min ago	1.09 bp	10.7 bp −$11	16.7 bp −$167	39.2 bp −$3,924	124.9 bp −$62.5K
Sell Kraken Futures live order book, 2 min ago	6.54 bp	11.5 bp −$12	21.9 bp −$219	1026.3 bp −$102.6K	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
Kalshi KXWLDPERP	−0.0340%	8h	0.4581	−0.218%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.697%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0002%	8h	0.4589	−0.044%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	−0.285%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4590	−0.022%	$108K	$900K	25x	as long as short
KuCoin WLDUSDTM	+0.0002%	8h	0.4587	−0.087%	$7.0M	$10.8M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	−0.081%	$57K	—	150x	as long as short
Nado WLD-PERP	+0.0056%	1h	0.4582	−0.196%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	−0.633%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4587	−0.077%	$203K	$986K	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	0.4578	−0.289%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4588	−0.066%	$86.7M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4590	−0.022%	$65.7M	$81.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4589	−0.044%	$34.3M	$141.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4588	−0.065%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4590	−0.022%	$48.9M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4589	−0.044%	$30.3M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4588	−0.065%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	−0.007%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4567	−0.515%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4579	−0.252%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	−0.392%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.052%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4590	−0.022%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.109%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4590	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4589	−0.050%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.016%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4562	−0.629%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.111%	—	—	20x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0186%	1h	0.4594	+0.066%	$911K	$2.6M	50x
BloFin WLD-USDTlong	+0.0220%	8h	0.4591	long leg	$4.9M	$816K	75x
01 Exchange WLDUSD	+0.0248%	1h	0.4586	−0.113%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4588	−0.061%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4579	−0.261%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0847%	1h	0.4595	+0.078%	$49.9M	$43.2M	10x	as long as short
Lighter WLD	+0.0976%	1h	0.4601	+0.211%	$5.2M	$2.1M	10x	as long as short