Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against edgeX−0.428%93s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.309% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.428%, 7d avg −0.036%

Together, before fees+0.407%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$41 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.392% cheaper against edgeX than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4538	0.0100	pay 0.0050% / 4h	3h 11m	$27K	$321K	20x
Short	Extended WLD-USD	0.4519	0.0104	get 0.0013% / 1h	11m 40s	$214K	$984K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.428%Rate

Funding earned: $0.84
Price spread: −0.428% → −0.036%: −$39.19
Slippage, 4 orders: −$16.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.26
Costs to cover: 0.309%
Break-even: 584.2 days

Slippage from edgeX: live order book, 41 min ago; Extended: live order book, 41 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, 41 min ago	5.42 bp	9.9 bp −$10	20.0 bp −$200	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	1.08 bp	5.5 bp −$6	12.1 bp −$121	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
Nado WLD-PERP	−0.0025%	1h	0.4521	−0.365%	$240K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4523	−0.328%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.398%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4521	−0.376%	$118K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4521	−0.381%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4523	−0.332%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4520	−0.398%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	−0.305%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	−0.310%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	−0.356%	$86.2M	$331.7M	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	0.4520	−0.398%	$64.2M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4523	−0.332%	$34.1M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4521	−0.376%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	−0.332%	$40.1M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4522	−0.354%	$29.8M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4522	−0.354%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4521	−0.381%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	−0.118%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4538	long leg	$27K	$321K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	+0.020%	$602K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.130%	$48K	$241K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	−0.449%	$54K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	−0.354%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4520	−0.398%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4518	−0.443%	$826K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4520	−0.398%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4519	−0.428%	$214K	$984K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4522	−0.361%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4517	−0.459%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	−0.002%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	−0.125%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4524	−0.310%	$4.8M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4521	−0.371%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4521	−0.383%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0327%	1h	0.4527	−0.242%	$49.4M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0525%	1h	0.4521	−0.376%	$868K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4525	−0.288%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0752%	1h	0.4528	−0.220%	$4.9M	$2.9M	10x	as long as short