Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.051%

Price spread now: BloFin against gTrade (Gains Network)+0.086%50s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.086% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4634	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	32m 24s	$56K	—	150x
Short	BloFin WLD-USDT	0.4638	0.0220	get 0.0220% / 8h	5h 32m	$5.0M	$805K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.086%Rate

Funding earned: $45.53
Price spread: +0.086% → 0.000%: $8.63
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $32.16
Costs to cover: 0.220%
Break-even: 2.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 9 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 BloFin live order book, 9 min ago	2.16 bp	14.6 bp −$15	20.5 bp −$205	48.9 bp −$4,889	116.7 bp −$58.3K

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	−0.0134%	8h	0.4632	−0.043%	$57K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4633	−0.022%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	+0.012%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4636	+0.043%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4634	long leg	$56K	—	150x
Nado WLD-PERP	+0.0022%	1h	0.4636	+0.032%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0073%	8h	0.4636	+0.043%	$28K	$893K	10x	as long as short
01 Exchange WLDUSD	+0.0088%	1h	0.4635	+0.013%	$332	$80	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4637	+0.062%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.037%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4635	+0.022%	$88.0M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4634	0.000%	$66.2M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4632	−0.043%	$35.0M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4633	−0.022%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4634	0.000%	$45.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4636	+0.043%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4634	0.000%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4637	+0.060%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4633	−0.030%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4635	+0.026%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4634	0.000%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4643	+0.194%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4635	+0.013%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4640	+0.129%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4636	+0.043%	$290	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4641	+0.151%	$848K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4637	+0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4632	−0.039%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4635	+0.025%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4633	−0.017%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4625	−0.203%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0200%	1h	0.4640	+0.123%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4638	+0.086%	$5.0M	$805K	75x
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4633	−0.025%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4624	−0.216%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0489%	1h	0.4640	+0.136%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.388%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4639	+0.114%	$902K	$2.9M	50x	as long as short