Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.174%51s7-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 HTX

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. HTX is 0.174% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.0 days of funding at the current rate (+$3 a day). The two prices were read 51 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	0.4661	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	33m 20s	$57K	—	150x
Short	HTX WLD-USDT	0.4653	0.0100	get 0.0100% / 8h	7h 33m	$867K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $20.33
Price spread: −0.174% → 0.000%: −$17.4
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.07
Costs to cover: 0.220%
Break-even: 13.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, just now. 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 HTX live order book, just now	14.99 bp	47.2 bp −$47	doesn't fit	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	−0.0181%	8h	0.4668	+0.148%	$38K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0033%	1h	0.4672	+0.228%	$280K	$170K	5x	as long as short
KuCoin WLDUSDTM	−0.0015%	8h	0.4668	+0.148%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4680	+0.411%	$167K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4661	long leg	$57K	—	150x
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.045%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0043%	8h	0.4659	−0.045%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4678	+0.358%	$195K	$961K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4681	+0.419%	$55K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4667	+0.127%	$88.7M	$304.9M	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	0.4662	+0.019%	$67.2M	$82.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4658	−0.067%	$35.2M	$146.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4660	−0.024%	$7.6M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4667	+0.126%	$48.1M	$53.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4672	+0.234%	$31.0M	$26.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4661	−0.002%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4675	+0.289%	$139K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.029%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4654	−0.146%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	+0.019%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4642	−0.410%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4674	+0.283%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4677	+0.341%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4672	+0.234%	$221	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4653	−0.174%	$867K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4665	+0.083%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4658	−0.076%	$220K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4661	−0.013%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4671	+0.208%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.687%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0178%	1h	0.4673	+0.255%	$134K	$871K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4660	−0.024%	$4.9M	$858K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0234% / S −0.1403%	1h	0.4661	+0.001%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4673	+0.264%	$334	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0322%	1h	0.4675	+0.289%	$918K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4663	+0.041%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0760%	1h	0.4680	+0.401%	$52.1M	$43.5M	10x	as long as short
Lighter WLD	+0.0928%	1h	0.4690	+0.624%	$5.3M	$2.0M	10x	as long as short