Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.022%

Price spread now: Polymarket Perps against BloFin+0.324%45s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 4 days (all we have)−0.473%−$47 · spread now +0.324%, 7d avg +0.011%

Together, before fees−0.692%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.313% dearer against BloFin than usual: you sell high and buy low (spread +0.324% now, against its 7-day average of +0.011%): +$31 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.1 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4507	0.0220	pay 0.0220% / 8h	2h 20m	$4.8M	$915K	75x
Short	Polymarket Perps WLD-USD	0.4522	0.0049	get 0.0006% / 1h	20m 19s	$42K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.324%Rate

Funding earned: −$35.85
Price spread: +0.324% → +0.011%: $31.3
Slippage, 4 orders: −$21.03
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$45.58
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago	3.35 bp	12.5 bp −$13	19.4 bp −$194	45.2 bp −$4,517	138.1 bp −$69.1K
Sell Polymarket Perps live order book, 3 min ago	2.90 bp	6.9 bp −$7	7.3 bp −$73	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
Nado WLD-PERP	−0.0056%	1h	0.4525	+0.388%	$243K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	+0.326%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4510	+0.067%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4527	+0.440%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4522	+0.344%	$324	$55	5x	as long as short
Polymarket Perps WLD-USDshort	+0.0049%	1h	0.4522	+0.324%	$42K	$2.4M	10x
KuCoin WLDUSDTM	+0.0050%	8h	0.4527	+0.444%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4534	+0.601%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4526	+0.422%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	+0.367%	$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	0.4523	+0.355%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4529	+0.482%	$86.2M	$338.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4529	+0.488%	$64.5M	$91.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4531	+0.533%	$34.2M	$154.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4525	+0.399%	$7.4M	$37.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	+0.488%	$39.1M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	+0.488%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4526	+0.422%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	+0.087%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4510	+0.060%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	−0.520%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	−0.360%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	−0.555%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.577%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.488%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.288%	$827K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.488%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4525	+0.399%	$221K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.426%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	+0.361%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	+0.164%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.133%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4527	+0.439%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4507	long leg	$4.8M	$915K	75x
Hyperliquid WLD	+0.0253%	1h	0.4528	+0.462%	$48.9M	$44.0M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0413%	1h	0.4529	+0.488%	$145K	$1.0M	25x	as long as short
Kraken Futures PF_WLDUSD	+0.0500%	1h	0.4533	+0.584%	$863K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4531	+0.533%	$276K	$1.7M	50x	as long as short