Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.022%

Price spread now: BloFin against edgeX−0.200%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.519%+$52 · spread now −0.200%, 7d avg +0.047%

Together, before fees+0.663%+ Points / potential airdropedgeX: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.247% cheaper against edgeX than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.047%). If the spread goes back, that is −$25 on $10k: about 6.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4527	0.0100	pay 0.0050% / 4h	3h 10m	$27K	$318K	20x
Short	BloFin WLD-USDT	0.4518	0.0220	get 0.0220% / 8h	3h 10m	$4.8M	$877K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now −0.200%Rate

Funding earned: $25.2
Price spread: −0.200% → +0.047%: −$24.74
Slippage, 4 orders: −$22.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.92
Costs to cover: 0.434%
Break-even: 18.9 days

Slippage from edgeX: live order book, 43 min ago; BloFin: 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 edgeX live order book, 43 min ago	5.42 bp	9.9 bp −$10	20.0 bp −$200	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	3.31 bp	12.5 bp −$13	16.4 bp −$164	30.3 bp −$3,031	89.4 bp −$44.7K

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	−0.0027%	1h	0.4516	−0.244%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	−0.208%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	−0.244%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	−0.266%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.269%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4513	−0.310%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4515	−0.266%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4517	−0.214%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	−0.178%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4513	−0.310%	$86.0M	$332.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4511	−0.355%	$64.1M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	−0.310%	$34.1M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	−0.310%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4513	−0.310%	$40.0M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.355%	$29.7M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4513	−0.310%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.297%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4516	−0.252%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4527	long leg	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	−0.001%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.043%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4515	−0.260%	$49K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	−0.178%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.288%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.332%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.266%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4512	−0.338%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	−0.262%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	−0.263%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.242%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.118%	$5K	$52K	10x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4518	−0.200%	$4.8M	$877K	75x
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4514	−0.278%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4517	−0.231%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0314%	1h	0.4517	−0.220%	$49.2M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0526%	1h	0.4515	−0.258%	$866K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	−0.090%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0712%	1h	0.4519	−0.176%	$4.9M	$2.9M	10x	as long as short