Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: edgeX against Extended−0.301%93s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$250.252% of the position

Long on Extended Short on edgeX

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)+0.503%+$50 · spread now −0.301%, 7d avg +0.031%

Together, before fees+0.207%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$21 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: edgeX is 0.332% cheaper against Extended than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.031%. 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	Extended WLD-USD	0.4484	0.0104	pay 0.0013% / 1h	23m 48s	$219K	$999K	10x
Short	edgeX WLDUSDC	0.4470	0.0100	get 0.0050% / 4h	2h 23m	$27K	$319K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now −0.301%Rate

Funding earned: −$0.84
Price spread: −0.301% → +0.031%: −$33.25
Slippage, 4 orders: −$11.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.28
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; edgeX: live order book, 24 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 Extended live order book, 24 min ago	1.11 bp	3.7 bp −$4	12.6 bp −$126	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	4.43 bp	8.9 bp −$9	18.3 bp −$183	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	−0.0054%	1h	0.4492	+0.195%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4486	+0.055%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4487	+0.073%	$69K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4492	+0.179%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4494	+0.227%	$322	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0045%	1h	0.4490	+0.128%	$43K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0046%	8h	0.4484	+0.006%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4496	+0.267%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4491	+0.162%	$28K	$802K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4488	+0.086%	$224K	$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	0.4489	+0.118%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4488	+0.100%	$85.5M	$338.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4487	+0.073%	$63.8M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4486	+0.050%	$33.9M	$152.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4488	+0.095%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4487	+0.073%	$38.9M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4484	+0.006%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4488	+0.095%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4490	+0.148%	$133K	$301K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.200%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4470	−0.301%	$27K	$319K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4483	−0.017%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.240%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4499	+0.340%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4491	+0.162%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.017%	$821K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4490	+0.140%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4484	long leg	$219K	$999K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4493	+0.203%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4490	+0.146%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.086%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.652%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0195%	1h	0.4494	+0.229%	$143K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4491	+0.156%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4485	+0.028%	$4.8M	$919K	75x	as long as short
Hyperliquid WLD	+0.0254%	1h	0.4490	+0.144%	$48.5M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4494	+0.238%	$855K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.296%	$273K	$1.6M	50x	as long as short