Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.066%

Price spread now: Kraken Futures against GRVT+0.351%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now +0.351%, 7d avg +0.063%

Together, before fees+0.437%+ Points / potential airdropGRVT: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.288% dearer against GRVT than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% 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	GRVT WLD_USDT_Perp	0.4544	0.0100	pay 0.0100% / 8h	7h 10m	$603K	$2.2M	10x
Short	Kraken Futures PF_WLDUSD	0.4560	0.0300	get 0.0038% / 1h	10m 50s	$904K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.351%Rate

Funding earned: $42.07
Price spread: +0.351% → +0.063%: $28.76
Slippage, 4 orders: −$31.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $19.96
Costs to cover: 0.509%
Break-even: 3.7 days

Slippage from GRVT: live order book, 3 min ago; Kraken Futures: live order book, 3 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 GRVT live order book, 3 min ago	2.21 bp	14.7 bp −$15	23.4 bp −$234	1836.5 bp −$183.6K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	7.73 bp	14.6 bp −$15	26.7 bp −$267	1018.3 bp −$101.8K	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
Nado WLD-PERP	−0.0039%	1h	0.4550	+0.132%	$236K	$171K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4551	+0.154%	$35K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4554	+0.221%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4553	+0.198%	$27K	$541K	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4561	+0.385%	$50.6M	$43.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4556	+0.264%	$220K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4555	+0.252%	$56K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4555	+0.242%	$87.0M	$331.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4554	+0.220%	$65.3M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4554	+0.220%	$34.6M	$150.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4558	+0.308%	$7.2M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4558	+0.308%	$41.8M	$57.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4555	+0.242%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	+0.308%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4558	+0.308%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4561	+0.368%	$128K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	+0.347%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4540	−0.095%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4544	long leg	$603K	$2.2M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4528	−0.352%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4554	+0.220%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4563	+0.418%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4558	+0.308%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	+0.220%	$835K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	+0.242%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4556	+0.261%	$215K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	+0.276%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.792%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4558	+0.303%	—	—	20x	as long as short
Lighter WLD	+0.0136%	1h	0.4557	+0.297%	$5.0M	$3.0M	10x	as long as short
dYdX WLD-USD	+0.0144%	1h	0.4555	+0.236%	$155K	$31K	10x	as long as short
01 Exchange WLDUSD	+0.0160%	1h	0.4554	+0.216%	$326	$55	5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0189%	1h	0.4558	+0.308%	$118K	$971K	25x	as long as short
Phoenix WLD	+0.0194%	1h	0.4542	−0.042%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4554	+0.223%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4550	+0.132%	$4.4M	$960K	75x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0300%	1h	0.4560	+0.351%	$904K	$2.7M	50x
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4563	+0.418%	$270K	$1.6M	50x	as long as short