Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.011%

Price spread now: SoDEX against Gate−0.021%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SoDEX

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. SoDEX is 0.021% cheaper against Gate than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4707	0.0039	pay 0.0039% / 8h	6h 26m	$7.4M	$37.6M	75x
Short	SoDEX WLD-USD	0.4706	0.0100	get 0.0013% / 1h	26m 47s	$227	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $12.81
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.31
Costs to cover: 0.230%
Break-even: 13.7 days

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: no order-book sample. 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 Gate live order book, 2 min ago	1.07 bp	14.0 bp −$14	31.5 bp −$315	54.1 bp −$5,415	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 37 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	−0.0235%	1h	0.4615	−1.955%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0153%	8h	0.4705	−0.042%	$46K	$4.4M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0048%	8h	0.4711	+0.085%	$7.1M	$11.5M	50x	as long as short
Nado WLD-PERP	−0.0016%	1h	0.4715	+0.175%	$274K	$189K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4710	+0.068%	$161K	$19K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4712	+0.101%	$57K	—	150x	as long as short
Gate WLD_USDTlong	+0.0039%	8h	0.4707	long leg	$7.4M	$37.6M	75x
ApeX Omni WLDUSDT	+0.0057%	1h	0.4659	−1.020%	$51K	$237K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0058%	8h	0.4709	+0.042%	$29K	$897K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4648	−1.256%	$5K	$54K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4706	−0.018%	$181K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4713	+0.117%	$57K	$506K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4712	+0.098%	$89.5M	$324.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4713	+0.127%	$67.7M	$87.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4712	+0.106%	$35.5M	$153.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4713	+0.127%	$47.4M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4708	+0.021%	$31.3M	$29.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4706	−0.021%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4713	+0.134%	$139K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4652	−1.173%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4659	−1.026%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−0.956%	$619K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4718	+0.244%	$49K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4717	+0.212%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USDshort	+0.0100%	1h	0.4706	−0.021%	$227	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4708	+0.021%	$892K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4709	+0.042%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4703	−0.080%	$217K	$885K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4709	+0.053%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4717	+0.217%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0175%	1h	0.4710	+0.064%	$130K	$895K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4712	+0.105%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4718	+0.242%	$338	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4706	−0.021%	$279K	$1.8M	50x	as long as short
Hyperliquid WLD	+0.0588%	1h	0.4716	+0.191%	$52.6M	$44.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0636%	1h	0.4707	+0.001%	$920K	$2.9M	50x	as long as short
Lighter WLD	+0.0840%	1h	0.4721	+0.289%	$5.4M	$2.1M	10x	as long as short