Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.022%

Price spread now: Gate against Extended+0.004%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.442%−$44 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.004%, 7d avg +0.040%

Together, before fees−0.492%+ Points / potential airdropExtended: Active · farm board−$49 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: Gate is 0.036% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4545	0.0104	pay 0.0013% / 1h	51m 31s	$133K	$745K	10x
Short	Gate WLD_USDT	0.4545	0.0100	get 0.0100% / 8h	1h 51m	$7.4M	$34.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → +0.040%: −$3.59
Slippage, 4 orders: −$18.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.74
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; Gate: live order book, 2 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, 32 min ago	1.10 bp	5.6 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.20 bp	12.4 bp −$12	31.4 bp −$314	50.0 bp −$5,000	121.9 bp −$61.0K

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	−0.0453%	8h	0.4550	+0.114%	$45K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−0.502%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0011%	8h	0.4548	+0.070%	$28K	$915K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4547	+0.039%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4546	+0.026%	$121K	$916K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4547	+0.056%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4543	−0.040%	$7.0M	$10.7M	50x	as long as short
Variational Omni WLD	+0.0035%	8h	0.4542	−0.059%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0089%	1h	0.4545	−0.007%	$272K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4549	+0.087%	$213K	$973K	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	0.4546	+0.026%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4548	+0.070%	$85.7M	$293.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4545	+0.004%	$64.8M	$80.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4545	+0.004%	$34.1M	$138.8M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4545	+0.004%	$7.4M	$34.6M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4546	+0.026%	$57.9M	$49.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4545	+0.004%	$30.1M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4547	+0.048%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4548	+0.064%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4550	+0.122%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4557	+0.268%	$611K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4549	+0.092%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4547	+0.039%	$46K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4553	+0.180%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4545	+0.004%	$200	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	+0.070%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4545	+0.004%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4545	long leg	$133K	$745K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4546	+0.026%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4556	+0.253%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4544	−0.013%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4549	+0.091%	$922K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4548	+0.070%	$4.8M	$815K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0255% / S −0.2169%	1h	0.4547	+0.053%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4551	+0.134%	$326	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4531	−0.304%	$277K	$1.6M	50x	as long as short
Lighter WLD	+0.0928%	1h	0.4556	+0.248%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1105%	1h	0.4555	+0.233%	$48.8M	$42.4M	10x	as long as short