Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.021%

Price spread now: Phoenix against GRVT−0.208%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.208% cheaper against GRVT than usual: you would sell low and buy high (spread −0.208% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 12 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WLD_USDT_Perp	0.4571	0.0100	pay 0.0100% / 8h	3h 32m	$604K	$1.9M	10x
Short	Phoenix WLD	0.4561	0.0157	get 0.0020% / 1h	32m 09s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.208%Rate

Funding earned: $12.06
Price spread: −0.208% → 0.000%: −$20.78
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$24.72
Costs to cover: 0.160%
Break-even: 21.4 days

Slippage unknown: GRVT: live order book, 1 min ago; Phoenix: 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 GRVT live order book, 1 min ago	1.10 bp	6.4 bp −$6	31.5 bp −$315	1328.6 bp −$132.9K	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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	−0.0031%	1h	0.4562	−0.197%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4564	−0.149%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	−0.175%	$51K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	−0.083%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4565	−0.131%	$6.9M	$11.8M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4570	−0.031%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4563	−0.172%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4566	−0.107%	$87.1M	$329.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4565	−0.131%	$65.2M	$90.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4565	−0.131%	$34.6M	$151.2M	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	0.4566	−0.109%	$7.3M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4567	−0.088%	$42.9M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4566	−0.109%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4566	−0.109%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	−0.186%	$136K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4568	−0.072%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	−0.039%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perplong	+0.0100%	8h	0.4571	long leg	$604K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.197%	$43K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	−0.173%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4567	−0.088%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4568	−0.066%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4566	−0.109%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.372%	$832K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4566	−0.109%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4564	−0.150%	$217K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	−0.055%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4564	−0.160%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.109%	$6K	$185K	5.5x	as long as short
Phoenix WLDshort	+0.0157%	1h	0.4561	−0.208%	$5K	$52K	10x
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	−0.044%	$124K	$959K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4559	−0.263%	$4.9M	$891K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4567	−0.086%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4566	−0.101%	$327	$55	5x	as long as short
Hyperliquid WLD	+0.0439%	1h	0.4570	−0.018%	$50.2M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4568	−0.065%	$891K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4570	−0.022%	$267K	$1.7M	50x	as long as short
Lighter WLD	+0.0800%	1h	0.4576	+0.107%	$5.2M	$2.6M	10x	as long as short