Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.026%

Price spread now: Orderly against Extended+0.170%7-day average +0.056% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.443%−$44 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.170%, 7d avg +0.056%

Together, before fees−0.427%+ Points / potential airdropExtended: Active · farm board−$43 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: Orderly is 0.115% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4535	0.0104	pay 0.0013% / 1h	45m 43s	$210K	$945K	10x
Short	Orderly PERP_WLD_USDC	0.4543	0.0098	get 0.0098% / 8h	45m 43s	$27K	$723K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.170%Rate

Funding earned: −$1.21
Price spread: +0.170% → +0.056%: $11.47
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.74
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Extended: live order book, 17 min ago; Orderly: no order-book sample. Net counts fees only.

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, 17 min ago	1.10 bp	3.6 bp −$4	12.1 bp −$121	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	−0.249%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0062%	1h	0.4547	+0.259%	$237K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	+0.117%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4545	+0.214%	$42K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4543	+0.170%	$141K	$982K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4541	+0.121%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDCshort	+0.0098%	8h	0.4543	+0.170%	$27K	$723K	10x
Aster WLDUSDT	+0.0100%	8h	0.4542	+0.149%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4540	+0.114%	$49K	$532K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4540	+0.097%	$87.0M	$333.6M	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	0.4538	+0.060%	$64.5M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4539	+0.082%	$34.3M	$152.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4538	+0.060%	$7.2M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4540	+0.104%	$41.1M	$56.1M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4539	+0.082%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4539	+0.082%	$30.1M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4538	+0.060%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4542	+0.150%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4547	+0.250%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4526	−0.205%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4522	−0.293%	$604K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	+0.016%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4546	+0.236%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4552	+0.369%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4544	+0.192%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4544	+0.192%	$831K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4542	+0.148%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4535	long leg	$210K	$945K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4545	+0.203%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	+0.208%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4546	+0.243%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4551	+0.345%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4546	+0.234%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4546	+0.236%	$4.8M	$909K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4551	+0.358%	$326	$55	5x	as long as short
Hyperliquid WLD	+0.0432%	1h	0.4546	+0.239%	$50.5M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4550	+0.325%	$273K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0454%	1h	0.4545	+0.220%	$869K	$2.8M	50x	as long as short