Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.013%

Price spread now: Binance against gTrade (Gains Network)−0.042%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 Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 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	0.4560	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	30m 32s	$57K	—	150x
Short	Binance WLDUSDT	0.4558	0.0100	get 0.0100% / 8h	2h 30m	$85.8M	$292.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.042%Rate

Funding earned: $20.33
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.88
Costs to cover: 0.200%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	1.10 bp	10.2 bp −$10	20.0 bp −$200	53.1 bp −$5,306	182.8 bp −$91.4K

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	−0.0504%	8h	0.4555	−0.100%	$44K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0030%	8h	0.4535	−0.531%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4555	−0.100%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4563	+0.071%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4557	−0.056%	$128K	$901K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4560	long leg	$57K	—	150x
KuCoin WLDUSDTM	+0.0015%	8h	0.4557	−0.056%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0042%	1h	0.4557	−0.045%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4552	−0.172%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0064%	8h	0.4558	−0.034%	$34.0M	$138.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4563	+0.085%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4561	+0.041%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	+0.032%	$51K	$482K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4558	−0.042%	$85.8M	$292.0M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.012%	$65.2M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	+0.010%	$7.5M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4558	−0.034%	$53.0M	$47.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4559	−0.012%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4557	−0.056%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4555	−0.102%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	−0.166%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.272%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4553	−0.143%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4558	−0.025%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4561	+0.032%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	−0.122%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.122%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	−0.100%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4557	−0.045%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	−0.056%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.049%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4556	−0.075%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4556	−0.078%	$4.9M	$804K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.370%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4555	−0.100%	$279K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0424%	1h	0.4563	+0.078%	$326	$77	5x	as long as short
Lighter WLD	+0.1032%	1h	0.4570	+0.223%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1095%	1h	0.4557	−0.060%	$923K	$2.6M	50x	as long as short