Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against Gate+0.006%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.423%+$42 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.006%, 7d avg −0.039%

Together, before fees+0.427%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4521	0.0100	pay 0.0100% / 8h	59m 04s	$7.1M	$35.4M	75x
Short	Extended WLD-USD	0.4521	0.0104	get 0.0013% / 1h	59m 04s	$208K	$945K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0.84
Price spread: +0.006% → −0.039%: $4.43
Slippage, 4 orders: −$20.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.13
Costs to cover: 0.404%
Break-even: 299.7 days

Slippage from Gate: live order book, 5 min ago; Extended: 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, 5 min ago	1.10 bp	20.8 bp −$21	41.9 bp −$419	56.5 bp −$5,647	122.2 bp −$61.1K
Sell Extended live order book, 4 min ago	1.10 bp	3.7 bp −$4	10.9 bp −$109	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4581	+1.327%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0004%	1h	0.4523	+0.044%	$236K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4526	+0.103%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4523	+0.044%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4524	+0.066%	$150K	$954K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.051%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	+0.044%	$27K	$729K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4525	+0.085%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	+0.126%	$49K	$534K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	+0.011%	$86.5M	$334.8M	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	0.4521	0.000%	$64.2M	$89.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4519	−0.044%	$34.2M	$151.6M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4521	long leg	$7.1M	$35.4M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4523	+0.044%	$40.0M	$55.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4521	0.000%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4521	0.000%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4519	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4522	+0.020%	$132K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4522	+0.016%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	+0.098%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.110%	$596K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4526	+0.111%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4524	+0.066%	$46K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.265%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.044%	$213	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4523	+0.044%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	+0.088%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4521	+0.006%	$208K	$945K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.077%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	+0.039%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4529	+0.175%	$4.9M	$2.8M	10x	as long as short
Phoenix WLD	+0.0158%	1h	0.4534	+0.283%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.050%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	+0.088%	$4.8M	$913K	75x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4529	+0.184%	$324	$55	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4531	+0.221%	$273K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4526	+0.112%	$875K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0492%	1h	0.4527	+0.137%	$50.3M	$44.1M	10x	as long as short