Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.057%

Price spread now: Gate against Coinbase International−0.220%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.220%, 7d avg −0.070%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.150% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% 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	0.4540	0.0400	pay 0.0050% / 1h	15m 38s	$278K	$1.6M	50x
Short	Gate WLD_USDT	0.4530	0.0100	get 0.0100% / 8h	2h 15m	$7.4M	$34.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.220%Rate

Funding earned: −$63
Price spread: −0.220% → −0.070%: −$15.03
Slippage, 4 orders: −$45.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148.83
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Gate: 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 Coinbase International live order book, 3 min ago	7.69 bp	21.7 bp −$22	28.4 bp −$284	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.10 bp	15.2 bp −$15	33.5 bp −$335	51.8 bp −$5,177	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	−0.0463%	8h	0.4535	−0.110%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0020%	8h	0.4530	−0.220%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0004%	8h	0.4542	+0.050%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4535	−0.116%	$155K	$6K	10x	as long as short
KuCoin WLDUSDTM	0.0000%	8h	0.4529	−0.242%	$7.0M	$10.7M	50x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4532	−0.176%	$123K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4531	−0.188%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4534	−0.132%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4553	+0.278%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0076%	8h	0.4529	−0.242%	$33.8M	$137.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0087%	8h	0.4531	−0.207%	$85.2M	$292.9M	75x	as long as short
MEXC WLD_USDT	+0.0090%	8h	0.4530	−0.220%	$53.2M	$47.8M	300x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4533	−0.145%	$46.4M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4532	−0.168%	$215K	$982K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	−0.176%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4530	−0.220%	$64.6M	$80.3M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4530	−0.220%	$7.4M	$34.8M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4530	−0.220%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4530	−0.220%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4530	−0.227%	$128K	$271K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4539	−0.020%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4549	+0.194%	$610K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	+0.044%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4531	−0.209%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4537	−0.066%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4528	−0.264%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.022%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	−0.242%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4528	−0.261%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4530	−0.224%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4530	−0.225%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0210%	8h	0.4535	−0.110%	$4.9M	$806K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4530	−0.210%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0328%	1h	0.4534	−0.139%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.044%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0400%	1h	0.4540	long leg	$278K	$1.6M	50x
Lighter WLD	+0.0968%	1h	0.4542	+0.042%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1100%	1h	0.4534	−0.141%	$921K	$2.6M	50x	as long as short