Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.066%

Price spread now: Injective against HTX+0.306%7-day average +0.357% · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.306%, 7d avg +0.357%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.051% cheaper against HTX than usual: you would sell low and buy high (spread +0.306% now, against its 7-day average of +0.357%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% 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	HTX WLD-USDT	0.4578	0.0100	pay 0.0100% / 8h	31m 07s	$853K	$1.8M	50x
Short	Injective WLD/USDC PERP	0.4592	0.0373	get 0.0047% / 1h	31m 07s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee HTXbpFee InjectivebpOrdersPrice spread, now +0.306%Rate

Funding earned: $57.38
Price spread: +0.306% → +0.357%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $40.27
Costs to cover: 0.120%
Break-even: 2.1 days

Slippage unknown: HTX: live order book, 3 min ago; Injective: live order book, 13 min ago. 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 HTX live order book, 3 min ago	15.30 bp	46.7 bp −$47	297.5 bp −$2,975	doesn't fit	doesn't fit
Sell Injective live order book, 13 min ago	53.29 bp	doesn't fit	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	−0.0206%	8h	0.4583	+0.109%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4586	+0.180%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4587	+0.197%	$113K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	+0.202%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0015%	8h	0.4581	+0.066%	$7.0M	$10.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0027%	8h	0.4585	+0.153%	$28K	$909K	10x	as long as short
Nado WLD-PERP	+0.0052%	1h	0.4585	+0.153%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4586	+0.171%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4586	+0.177%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4583	+0.119%	$86.4M	$301.4M	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	0.4584	+0.131%	$65.6M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4583	+0.109%	$34.2M	$142.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4584	+0.131%	$7.5M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4585	+0.153%	$45.5M	$52.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4583	+0.109%	$30.2M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4584	+0.131%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	+0.170%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.174%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4578	+0.010%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4580	+0.048%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.109%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4590	+0.251%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.393%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4585	+0.153%	$212	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4578	long leg	$853K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4587	+0.197%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4584	+0.124%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	+0.197%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4581	+0.072%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	+0.174%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4589	+0.240%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4586	+0.184%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4591	+0.291%	$328	$77	5x	as long as short
Injective WLD/USDC PERPshort	+0.0373%	1h	0.4592	+0.306%	$6K	$185K	5.5x
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4590	+0.262%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0509%	1h	0.4590	+0.256%	$49.7M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4588	+0.225%	$907K	$2.7M	50x	as long as short
Lighter WLD	+0.1456%	1h	0.4596	+0.387%	$5.2M	$2.0M	10x	as long as short