Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.058%
Price spread now: Hyperliquid against HTX+0.233%7-day average +0.277% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$770.773% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.233%, 7d avg +0.277%
Together, before fees+0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.044% cheaper against HTX than usual: you would sell low and buy high (spread +0.233% now, against its 7-day average of +0.277%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.058% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX WLD-USDT0.45990.0100pay 0.0100% / 8h1h 01m$868K$1.8M50x
ShortHyperliquid WLD0.46100.0668get 0.0083% / 1h1m 55s$50.1M$43.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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

Funding earned
$119.22
Price spread: +0.233% → +0.277%
−$4.42
Slippage, 4 orders
−$56.26
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$37.55
Costs to cover
0.773%
Break-even
4.8 days
Slippage from HTX: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago14.12 bp27.8 bp −$28276.0 bp −$2,760doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.33 bp6.5 bp −$6doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0269%8h0.4604+0.109%$56K$3.8M1.7xas long as short
Injective WLD/USDC PERP−0.0079%1h0.4578−0.457%$6K$185K5.5xas long as short
dYdX WLD-USD0.0000%1h0.4605+0.127%$164K$13K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4605+0.130%$109K$883K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4605+0.134%$57K150xas long as short
Orderly PERP_WLD_USDC+0.0007%8h0.4604+0.109%$28K$911K10xas long as short
KuCoin WLDUSDTM+0.0008%8h0.4601+0.043%$7.0M$10.8M50xas long as short
Nado WLD-PERP+0.0050%1h0.4605+0.130%$277K$169K5xas long as short
Aster WLDUSDT+0.0100%8h0.4606+0.146%$195K$999K50xas long as short
Pacifica WLD+0.0100%1h0.4605+0.129%$53K$481K5xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance WLDUSDT+0.0100%8h0.4605+0.133%$87.1M$297.7M75xas long as short
Bybit WLDUSDT+0.0100%8h0.4605+0.130%$66.0M$82.0M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4604+0.109%$34.5M$142.3M50xas long as short
Gate WLD_USDT+0.0100%8h0.4603+0.087%$7.5M$35.5M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4604+0.109%$49.5M$52.4M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4603+0.087%$30.4M$25.6M75xas long as short
BingX WLD-USDC+0.0100%8h0.4605+0.130%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4605+0.139%$130K$269K10xas long as short
Variational Omni WLD+0.0100%8h0.4593−0.133%$2.1M$1.6Mas long as short
edgeX WLDUSDC+0.0100%4h0.4601+0.047%$27K$317K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4606+0.152%$619K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4586−0.283%$55K$228K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4608+0.204%$41K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4610+0.239%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4604+0.109%$204$5K10xas long as short
HTX WLD-USDTlong+0.0100%8h0.4599long leg$868K$1.8M50x
Phemex WLDUSDT+0.0100%8h0.4602+0.065%$1.8M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4604+0.100%$238K$858K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4608+0.201%$31K$5K3xas long as short
Phoenix WLD+0.0124%1h0.4597−0.048%$5K$53K10xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4605+0.139%20xas long as short
Kraken Futures PF_WLDUSD+0.0185%1h0.4608+0.189%$919K$2.7M50xas long as short
BloFin WLD-USDT+0.0220%8h0.4607+0.174%$4.9M$821K75xas long as short
01 Exchange WLDUSD+0.0256%1h0.4610+0.246%$330$775xas long as short
GMX WLD/USD [ETH-USDC]L +0.0261% / S −0.2221%1h0.4605+0.121%$9K100xas long as short
Coinbase International WLD-PERP-INTX+0.0424%1h0.4608+0.196%$271K$1.6M50xas long as short
Hyperliquid WLDshort+0.0668%1h0.4610+0.233%$50.1M$43.0M10x
Lighter WLD+0.1072%1h0.4616+0.363%$5.2M$2.1M10xas long as short