Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0356%/8h= −39.0% APRnext payment $0.44 per $10,000 · paid last 24h −0.053%
Price spread now: Pacifica against Coinbase International−0.182%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$680.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 3 days (all we have)+0.195%+$20 · spread now −0.182%, 7d avg −0.031%
Together, before fees+0.186%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Pacifica is 0.151% 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 −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International WLD-PERP-INTX0.46560.0456pay 0.0057% / 1h31m 51s$277K$1.7M50x
ShortPacifica WLD0.46480.0100get 0.0013% / 1h31m 51s$57K$509K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
−$74.76
Price spread: −0.182% → −0.031%
−$15.1
Slippage, 4 orders
−$49.63
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$157.48
Costs to cover
0.676%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Pacifica: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago6.48 bp25.9 bp −$2631.5 bp −$315doesn't fitdoesn't fit
Sell Pacifica live order book, 37 min ago2.12 bp8.7 bp −$9doesn't fitdoesn't fitdoesn't fit

WLD on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective WLD/USDC PERP−0.0235%1h0.4615−0.881%$6K$185K5.5xas long as short
Kalshi KXWLDPERP−0.0160%8h0.4654−0.043%$38K$4.4M1.7xas long as short
KuCoin WLDUSDTM−0.0049%8h0.4652−0.086%$7.0M$11.5M50xas long as short
Nado WLD-PERP−0.0013%1h0.4654−0.043%$270K$178K5xas long as short
dYdX WLD-USD0.0000%1h0.4649−0.156%$159K$19K10xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4655−0.025%$56K150xas long as short
Gate WLD_USDT+0.0035%8h0.4650−0.129%$7.3M$37.4M75xas long as short
ApeX Omni WLDUSDT+0.0047%1h0.4642−0.301%$51K$240K50xas long as short
Orderly PERP_WLD_USDC+0.0057%8h0.4655−0.021%$28K$897K10xas long as short
Phoenix WLD+0.0068%1h0.4623−0.702%$5K$54K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WLDUSDT+0.0100%8h0.4651−0.117%$178K$1.0M50xas long as short
Pacifica WLDshort+0.0100%1h0.4648−0.182%$57K$509K5x
Binance WLDUSDT+0.0100%8h0.4652−0.089%$88.3M$323.8M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4647−0.193%$66.4M$86.9M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4653−0.064%$35.0M$151.7M50xas long as short
MEXC WLD_USDT+0.0100%8h0.4652−0.086%$46.9M$55.6M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4652−0.086%$30.9M$29.0M75xas long as short
BingX WLD-USDC+0.0100%8h0.4652−0.086%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4655−0.013%$140K$290K10xas long as short
Variational Omni WLD+0.0100%8h0.4642−0.305%$2.1M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4639−0.356%$28K$318K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4646−0.216%$610K$1.9M10xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4655−0.030%$51K$2.1M10xas long as short
SunX WLD-USDT+0.0100%8h0.4637−0.408%$23K$1.6M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4653−0.064%$221$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4644−0.258%$879K$1.9M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4653−0.064%$1.8M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4653−0.069%$214K$883K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4654−0.032%$32K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4653−0.069%20xas long as short
GMX WLD/USD [ETH-USDC]L +0.0230% / S −0.1538%1h0.4654−0.049%$6K100xas long as short
01 Exchange WLDUSD+0.0256%1h0.4653−0.056%$333$775xas long as short
Deribit WLD_USDC-PERPETUAL+0.0395%1h0.46560.000%$129K$910K25xas long as short
Coinbase International WLD-PERP-INTXlong+0.0456%1h0.4656long leg$277K$1.7M50x
Hyperliquid WLD+0.0586%1h0.4661+0.097%$52.0M$44.1M10xas long as short
Kraken Futures PF_WLDUSD+0.0643%1h0.4655−0.022%$909K$2.8M50xas long as short
Lighter WLD+0.0840%1h0.4660+0.084%$5.3M$2.1M10xas long as short