Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.061%

Price spread now: Binance against Coinbase International−0.139%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.139%, 7d avg −0.063%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 0.076% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% 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	Coinbase International WLD-PERP-INTX	0.4582	0.0440	pay 0.0055% / 1h	30m 16s	$270K	$1.6M	50x
Short	Binance WLDUSDT	0.4576	0.0100	get 0.0100% / 8h	30m 16s	$86.3M	$301.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.139%Rate

Funding earned: −$71.4
Price spread: −0.139% → −0.063%: −$7.57
Slippage, 4 orders: −$36.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$135.83
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 13 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 Coinbase International live order book, 3 min ago	5.45 bp	24.5 bp −$25	31.2 bp −$312	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.09 bp	8.1 bp −$8	14.6 bp −$146	46.0 bp −$4,596	184.4 bp −$92.2K

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	−0.0204%	8h	0.4581	−0.022%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.040%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4578	−0.087%	$112K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4577	−0.104%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4579	−0.065%	$7.0M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0028%	8h	0.4576	−0.131%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4581	−0.033%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	−0.075%	$189K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4582	0.000%	$53K	$483K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4576	−0.139%	$86.3M	$301.5M	75x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4576	−0.131%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4576	−0.131%	$34.2M	$142.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4577	−0.109%	$7.4M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4581	−0.022%	$45.8M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.131%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4577	−0.109%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	+0.083%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.087%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	−0.077%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	−0.039%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.022%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4584	+0.048%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	−0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4576	−0.131%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	−0.109%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	−0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	−0.116%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4578	−0.077%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	−0.015%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4581	−0.023%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4589	+0.153%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4577	−0.115%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4585	+0.065%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.218%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0440%	1h	0.4582	long leg	$270K	$1.6M	50x
Hyperliquid WLD	+0.0501%	1h	0.4588	+0.137%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4578	−0.086%	$905K	$2.7M	50x	as long as short
Lighter WLD	+0.1448%	1h	0.4585	+0.070%	$5.2M	$2.0M	10x	as long as short