Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.014%

Price spread now: KuCoin against Extended−0.036%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.387%−$39 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.036%, 7d avg +0.035%

Together, before fees−0.384%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.071% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4634	0.0104	pay 0.0013% / 1h	48m 01s	$237K	$859K	10x
Short	KuCoin WLDUSDTM	0.4632	0.0017	get 0.0017% / 8h	48m 01s	$7.1M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$18.27
Price spread: −0.036% → +0.035%: −$7.06
Slippage, 4 orders: −$33.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.96
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; KuCoin: live order book, 10 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, 30 min ago	2.18 bp	6.7 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.08 bp	15.7 bp −$16	38.8 bp −$388	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	−0.0235%	8h	0.4635	+0.029%	$34K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	+0.027%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4636	+0.050%	$113K	$884K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4631	−0.054%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0012%	8h	0.4635	+0.029%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTMshort	+0.0017%	8h	0.4632	−0.036%	$7.1M	$10.9M	50x
Nado WLD-PERP	+0.0067%	1h	0.4632	−0.036%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4636	+0.046%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.057%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4636	+0.041%	$87.9M	$299.1M	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	0.4635	+0.029%	$66.4M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4634	+0.007%	$34.6M	$143.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4634	+0.007%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4635	+0.029%	$50.3M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4635	+0.029%	$30.6M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4635	+0.029%	—	$66.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4636	+0.048%	$131K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	−0.146%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4630	−0.084%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4636	+0.050%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4637	+0.072%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4636	+0.042%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4637	+0.072%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4635	+0.029%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4630	−0.079%	$874K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4634	+0.007%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4634	long leg	$237K	$859K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4637	+0.071%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4632	−0.025%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4630	−0.071%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	−0.144%	$4.9M	$828K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4631	−0.066%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4637	+0.068%	$332	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.468%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4630	−0.079%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0656%	1h	0.4643	+0.199%	$50.6M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0709%	1h	0.4638	+0.092%	$924K	$2.6M	50x	as long as short
Lighter WLD	+0.1728%	1h	0.4648	+0.303%	$5.3M	$2.0M	10x	as long as short