Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Orderly against HTX+0.285%7-day average +0.169% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.285%, 7d avg +0.169%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.116% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4554	0.0100	pay 0.0100% / 8h	3h 31m	$832K	$1.8M	50x
Short	Orderly PERP_WLD_USDC	0.4567	0.0100	get 0.0100% / 8h	3h 31m	$28K	$868K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.285%Rate

Funding earned: $0
Price spread: +0.285% → +0.169%: $11.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Orderly: 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 HTX live order book, 2 min ago	13.15 bp	49.3 bp −$49	265.9 bp −$2,659	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	+0.176%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	+0.290%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	+0.198%	$51K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	+0.290%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0021%	8h	0.4567	+0.285%	$6.9M	$11.8M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4570	+0.352%	$210K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	+0.314%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4567	+0.285%	$87.1M	$329.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4566	+0.264%	$65.2M	$90.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.285%	$34.5M	$151.3M	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	0.4569	+0.329%	$7.3M	$36.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4566	+0.264%	$42.3M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	+0.373%	$30.2M	$30.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4570	+0.351%	—	$67.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4566	+0.259%	$137K	$302K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4568	+0.301%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.335%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.373%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.571%	$43K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4563	+0.200%	$40K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDCshort	+0.0100%	8h	0.4567	+0.285%	$28K	$868K	10x
SunX WLD-USDT	+0.0100%	8h	0.4568	+0.307%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4566	+0.264%	$205	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4554	long leg	$832K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4566	+0.264%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4570	+0.355%	$217K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	+0.318%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4564	+0.213%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.483%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4561	+0.165%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0188%	1h	0.4569	+0.329%	$124K	$959K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4559	+0.110%	$4.9M	$891K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4567	+0.287%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4566	+0.272%	$327	$55	5x	as long as short
Hyperliquid WLD	+0.0430%	1h	0.4572	+0.404%	$50.3M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0520%	1h	0.4568	+0.308%	$891K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4570	+0.351%	$267K	$1.7M	50x	as long as short
Lighter WLD	+0.0800%	1h	0.4576	+0.474%	$5.2M	$2.6M	10x	as long as short