Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.050%

Price spread now: OKX against Coinbase International−0.110%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now −0.110%, 7d avg −0.092%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% 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	0.4564	0.0400	pay 0.0050% / 1h	29m 53s	$280K	$1.6M	50x
Short	OKX WLD-USDT-SWAP	0.4559	0.0064	get 0.0064% / 8h	2h 29m	$34.1M	$138.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$70.52
Price spread: −0.110% → −0.092%: −$1.8
Slippage, 4 orders: −$35.42
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.73
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	5.49 bp	22.4 bp −$22	36.0 bp −$360	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.10 bp	9.1 bp −$9	22.0 bp −$220	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
Kalshi KXWLDPERP	−0.0493%	8h	0.4556	−0.175%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4559	−0.110%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0021%	8h	0.4554	−0.213%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4563	−0.027%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4559	−0.110%	$129K	$901K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	−0.098%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4558	−0.131%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0042%	1h	0.4557	−0.142%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4552	−0.270%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAPshort	+0.0064%	8h	0.4559	−0.110%	$34.1M	$138.3M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4567	+0.059%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4563	−0.029%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	−0.066%	$51K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	−0.083%	$85.9M	$292.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.110%	$65.2M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	−0.088%	$7.5M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4561	−0.066%	$53.1M	$47.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4561	−0.066%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4560	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	−0.048%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	−0.263%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.369%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4553	−0.241%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4558	−0.123%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4564	0.000%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4558	−0.131%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.131%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4558	−0.131%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4560	−0.078%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4559	−0.099%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.146%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4559	−0.117%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4556	−0.175%	$4.9M	$804K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.271%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTXlong	+0.0400%	1h	0.4564	long leg	$280K	$1.6M	50x
01 Exchange WLDUSD	+0.0424%	1h	0.4563	−0.020%	$326	$77	5x	as long as short
Lighter WLD	+0.1032%	1h	0.4568	+0.090%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1094%	1h	0.4560	−0.085%	$923K	$2.6M	50x	as long as short