Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.046%

Price spread now: Phoenix against BloFin+0.162%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.162% dearer against BloFin than usual: you sell high and buy low (spread +0.162% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4625	0.0220	pay 0.0220% / 8h	53m 14s	$4.9M	$824K	75x
Short	Phoenix WLD	0.4632	0.0104	get 0.0013% / 1h	53m 14s	$5K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$24.34
Price spread: +0.162% → 0.000%: $16.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$27.13
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 5 min ago	1.08 bp	12.2 bp −$12	18.7 bp −$187	40.2 bp −$4,023	125.7 bp −$62.8K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0243%	8h	0.4626	+0.022%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4627	+0.047%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4626	+0.022%	$110K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4626	+0.014%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0010%	8h	0.4626	+0.022%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4624	−0.022%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0076%	1h	0.4625	−0.011%	$278K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4629	+0.095%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4628	+0.075%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4627	+0.038%	$87.7M	$298.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4625	0.000%	$66.2M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4625	0.000%	$34.5M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4626	+0.022%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4627	+0.043%	$49.8M	$51.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4625	0.000%	$30.5M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4625	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4631	+0.138%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4623	−0.046%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4624	−0.019%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.215%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4624	−0.022%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4628	+0.076%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4632	+0.151%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4626	+0.022%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.022%	$873K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4624	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4625	−0.008%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	+0.054%	$31K	$5K	3x	as long as short
Phoenix WLDshort	+0.0104%	1h	0.4632	+0.162%	$5K	$53K	10x
Reya WLDRUSDPERP	+0.0134%	1h	0.4625	+0.002%	—	—	20x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4625	long leg	$4.9M	$824K	75x
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4625	−0.003%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4627	+0.039%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.281%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4638	+0.281%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0623%	1h	0.4633	+0.173%	$50.4M	$42.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4631	+0.122%	$924K	$2.6M	50x	as long as short
Lighter WLD	+0.1560%	1h	0.4638	+0.290%	$5.3M	$2.0M	10x	as long as short