Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.066%

Price spread now: Coinbase International against Gate+0.153%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.153%, 7d avg +0.074%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.079% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.074%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4584	0.0100	pay 0.0100% / 8h	9m 42s	$7.5M	$36.0M	75x
Short	Coinbase International WLD-PERP-INTX	0.4591	0.0440	get 0.0055% / 1h	9m 42s	$272K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.153%Rate

Funding earned: $71.4
Price spread: +0.153% → +0.074%: $7.91
Slippage, 4 orders: −$45.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $8.57
Costs to cover: 0.707%
Break-even: 6.2 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

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 Gate live order book, 4 min ago	3.27 bp	14.9 bp −$15	41.5 bp −$415	83.5 bp −$8,353	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.36 bp	16.4 bp −$16	21.0 bp −$210	doesn't fit	doesn't fit

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	−0.0188%	8h	0.4588	+0.087%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	−0.112%	$163K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	+0.070%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4578	−0.131%	$6.9M	$11.0M	50x	as long as short
Nado WLD-PERP	+0.0034%	1h	0.4587	+0.076%	$276K	$169K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0034%	8h	0.4587	+0.065%	$28K	$906K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4587	+0.076%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4578	−0.135%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4577	−0.162%	$86.5M	$303.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4575	−0.196%	$65.7M	$82.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4573	−0.240%	$34.2M	$143.3M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4584	long leg	$7.5M	$36.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4575	−0.196%	$45.7M	$53.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4584	0.000%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4587	+0.065%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4589	+0.116%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.134%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4587	+0.074%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4581	−0.066%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.087%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4594	+0.218%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4597	+0.284%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	+0.065%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.044%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4583	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4584	+0.002%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4588	+0.083%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4602	+0.401%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4587	+0.073%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4589	+0.109%	$123K	$897K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4579	−0.109%	$4.8M	$822K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4587	+0.055%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4596	+0.264%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	+0.022%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0440%	1h	0.4591	+0.153%	$272K	$1.6M	50x
Hyperliquid WLD	+0.0477%	1h	0.4592	+0.168%	$50.9M	$43.5M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4589	+0.107%	$904K	$2.7M	50x	as long as short
Lighter WLD	+0.1296%	1h	0.4591	+0.155%	$5.2M	$2.0M	10x	as long as short