Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Phemex against Gate+0.044%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1141.141% of the position

Long on Gate Short on Phemex

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)+0.153%+$15 · spread now +0.044%, 7d avg +0.027%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4572	0.0100	pay 0.0100% / 8h	7m 07s	$7.5M	$36.0M	75x
Short	Phemex WLDUSDT	0.4574	0.0100	get 0.0100% / 8h	7m 07s	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.027%: $1.66
Slippage, 4 orders: −$87.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$112.47
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	1.09 bp	14.4 bp −$14	33.8 bp −$338	78.7 bp −$7,871	doesn't fit
Sell Phemex live order book, 2 min ago	6.55 bp	46.4 bp −$46	doesn't fit	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	−0.0187%	8h	0.4576	+0.087%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	+0.095%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4575	+0.066%	$122K	$897K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4573	+0.026%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0005%	8h	0.4570	−0.044%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0035%	8h	0.4572	0.000%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0037%	1h	0.4572	−0.005%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	+0.088%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4577	+0.109%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4572	+0.008%	$86.4M	$303.6M	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	0.4572	0.000%	$65.7M	$82.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4571	−0.022%	$34.2M	$143.3M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4572	long leg	$7.5M	$36.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4572	0.000%	$45.7M	$53.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.022%	$30.2M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4572	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4573	+0.031%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.128%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.177%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.209%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4579	+0.153%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4573	+0.024%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4577	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4574	+0.044%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.087%	$850K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4574	+0.044%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4572	+0.002%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4575	+0.073%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4592	+0.433%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.003%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.109%	$4.8M	$822K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4572	+0.007%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4576	+0.081%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4585	+0.284%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4586	+0.306%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0494%	1h	0.4580	+0.168%	$50.8M	$43.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0718%	1h	0.4577	+0.114%	$901K	$2.7M	50x	as long as short
Lighter WLD	+0.1288%	1h	0.4585	+0.278%	$5.2M	$2.0M	10x	as long as short