Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.039%

Price spread now: Hyperliquid against edgeX+0.811%46s7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$300.301% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−1.282%−$128 · spread now +0.811%, 7d avg +0.117%

Together, before fees−1.253%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$125 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.694% dearer against edgeX than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.117%. The two prices were read 46 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	0.4560	0.0100	pay 0.0050% / 4h	54m 47s	$27K	$318K	20x
Short	Hyperliquid WLD	0.4597	0.0185	get 0.0023% / 1h	54m 47s	$50.4M	$43.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.811%Rate

Funding earned: $17.81
Price spread: +0.811% → +0.117%: $69.43
Slippage, 4 orders: −$12.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $57.19
Costs to cover: 0.301%
Break-even: from the start

Slippage from edgeX: live order book, 3 min ago; Hyperliquid: live order book, 9 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, 3 min ago	4.39 bp	8.9 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.10 bp	5.6 bp −$6	doesn't fit	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	−0.0112%	8h	0.4580	+0.434%	$58K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0077%	1h	0.4588	+0.609%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0024%	8h	0.4590	+0.653%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4594	+0.734%	$157K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4591	+0.676%	$55K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	−0.049%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0048%	1h	0.4589	+0.629%	$328	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0081%	8h	0.4592	+0.697%	$28K	$889K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4597	+0.813%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4594	+0.733%	$181K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4592	+0.697%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4591	+0.666%	$87.2M	$327.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4588	+0.609%	$65.4M	$88.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4589	+0.631%	$34.4M	$149.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4590	+0.653%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4591	+0.675%	$44.3M	$53.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4592	+0.697%	$30.3M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4591	+0.675%	—	$67.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4592	+0.706%	$137K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.560%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4560	long leg	$27K	$318K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4584	+0.512%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4562	+0.039%	$50K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4586	+0.574%	$44K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.785%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4589	+0.631%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.565%	$839K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	+0.697%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4591	+0.674%	$227K	$974K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4594	+0.747%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4588	+0.604%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4571	+0.232%	$5K	$52K	10x	as long as short
Hyperliquid WLDshort	+0.0185%	1h	0.4597	+0.811%	$50.4M	$43.2M	10x
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4594	+0.741%	$115K	$923K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4593	+0.719%	$5.0M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4591	+0.672%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4593	+0.710%	$889K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4588	+0.609%	$271K	$1.7M	50x	as long as short