Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.020%

Price spread now: GRVT against Extended+0.195%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.195%, 7d avg +0.051%

Together, before fees−0.308%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$31 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: GRVT is 0.144% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4573	0.0104	pay 0.0013% / 1h	7m 25s	$231K	$847K	10x
Short	GRVT WLD_USDT_Perp	0.4582	0.0100	get 0.0100% / 8h	7m 25s	$605K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$0.84
Price spread: +0.195% → +0.051%: $14.41
Slippage, 4 orders: −$21.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.43
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; GRVT: live order book, 6 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, 6 min ago	2.18 bp	4.7 bp −$5	11.2 bp −$112	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	2.18 bp	12.9 bp −$13	24.6 bp −$246	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	−0.0186%	8h	0.4579	+0.140%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	+0.082%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4584	+0.249%	$122K	$897K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4573	+0.012%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0005%	8h	0.4568	−0.101%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0035%	8h	0.4572	−0.013%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0037%	1h	0.4572	−0.019%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4574	+0.021%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4577	+0.096%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4573	+0.009%	$86.5M	$303.5M	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	0.4573	+0.009%	$65.7M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4573	+0.009%	$34.2M	$143.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4572	−0.013%	$7.5M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4572	−0.013%	$45.7M	$53.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.035%	$30.2M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4572	−0.013%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	+0.179%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.114%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.164%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perpshort	+0.0100%	8h	0.4582	+0.195%	$605K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	+0.140%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4573	+0.011%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	+0.358%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4583	+0.227%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4577	+0.096%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	+0.118%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4573	long leg	$231K	$847K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4584	+0.244%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4592	+0.420%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.016%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4579	+0.140%	$4.8M	$822K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4572	−0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4576	+0.068%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	+0.271%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4586	+0.293%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0491%	1h	0.4579	+0.142%	$50.8M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4586	+0.289%	$903K	$2.7M	50x	as long as short
Lighter WLD	+0.1288%	1h	0.4585	+0.280%	$5.2M	$2.0M	10x	as long as short