Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.021%

Price spread now: Aster against gTrade (Gains Network)−0.055%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.055% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4542	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	44m 10s	$56K	—	150x
Short	Aster WLDUSDT	0.4540	0.0100	get 0.0100% / 8h	2h 44m	$208K	$975K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: $20.33
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.18
Costs to cover: 0.180%
Break-even: 8.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 43 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 43 min ago	3.28 bp	21.3 bp −$21	42.8 bp −$428	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Kalshi KXWLDPERP	−0.0542%	8h	0.4537	−0.121%	$32K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0042%	8h	0.4558	+0.331%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0028%	8h	0.4540	−0.055%	$28K	$918K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4537	−0.112%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4541	−0.033%	$144K	$803K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4542	long leg	$56K	—	150x
KuCoin WLDUSDTM	+0.0016%	8h	0.4538	−0.099%	$7.0M	$10.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0050%	8h	0.4546	+0.077%	$34.1M	$137.5M	50x	as long as short
Phoenix WLD	+0.0052%	1h	0.4561	+0.412%	$5K	$52K	10x	as long as short
Nado WLD-PERP	+0.0053%	1h	0.4544	+0.039%	$271K	$168K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0085%	8h	0.4546	+0.077%	$65.6M	$79.6M	50x	as long as short
MEXC WLD_USDT	+0.0099%	8h	0.4539	−0.077%	$52.5M	$46.8M	300x	as long as short
Binance WLDUSDT	+0.0099%	8h	0.4545	+0.051%	$86.0M	$291.0M	75x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4540	−0.055%	$208K	$975K	50x
Pacifica WLD	+0.0100%	1h	0.4539	−0.084%	$52K	$473K	5x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4543	+0.011%	$7.4M	$34.2M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4544	+0.033%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4545	+0.055%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4542	−0.018%	$128K	$279K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4561	+0.416%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4563	+0.453%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4560	+0.385%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4545	+0.057%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4542	−0.011%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4538	−0.099%	$196	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.077%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4541	−0.033%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4536	−0.133%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4540	−0.055%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	+0.062%	—	—	20x	as long as short
Hyperliquid WLD	+0.0185%	1h	0.4543	+0.007%	$47.2M	$40.5M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4544	+0.025%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0219%	8h	0.4540	−0.055%	$5.0M	$831K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.750%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4546	+0.077%	$285K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0576%	1h	0.4543	+0.015%	$325	$77	5x	as long as short
Lighter WLD	+0.1040%	1h	0.4550	+0.159%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1098%	1h	0.4543	+0.007%	$924K	$2.6M	50x	as long as short