Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.040%

Price spread now: Kalshi against gTrade (Gains Network)+0.041%7-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 Kalshi

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

The price spread pays, funding is against you. Kalshi is 0.041% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WLD/USD	0.4573	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	13m 35s	$57K	—	150x
Short	Kalshi KXWLDPERP	0.4575	−0.0305	pay 0.0305% / 8h	5h 13m	$61K	$3.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$64.64
Price spread: +0.041% → 0.000%: $4.09
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$80.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Kalshi: live order book, 5 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 Kalshi live order book, 5 min ago	5.47 bp	12.7 bp −$13	27.0 bp −$270	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 KXWLDPERPshort	−0.0305%	8h	0.4575	+0.041%	$61K	$3.8M	1.7x
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	+0.106%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4566	−0.164%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	−0.025%	$108K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4573	long leg	$57K	—	150x
Orderly PERP_WLD_USDC	+0.0005%	8h	0.4572	−0.025%	$28K	$912K	10x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4564	−0.200%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0048%	1h	0.4572	−0.014%	$275K	$169K	5x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4568	−0.114%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	−0.038%	$200K	$999K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4567	−0.132%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4565	−0.168%	$86.3M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4565	−0.178%	$65.3M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4564	−0.200%	$34.2M	$140.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4565	−0.178%	$7.4M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4565	−0.178%	$49.0M	$52.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	−0.222%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4566	−0.156%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4574	+0.026%	$129K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4570	−0.074%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.098%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	−0.134%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4575	+0.037%	$41K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.172%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4572	−0.025%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4564	−0.200%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4572	−0.025%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4562	−0.242%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4573	−0.006%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.091%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.027%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4576	+0.068%	$912K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−0.025%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4569	−0.097%	$327	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4573	−0.011%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4580	+0.150%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0703%	1h	0.4575	+0.030%	$49.7M	$43.2M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4576	+0.058%	$5.2M	$2.1M	10x	as long as short