Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Phemex against HTX−0.066%7-day average +0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1451.455% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.386%+$39 · spread now −0.066%, 7d avg +0.192%

Together, before fees+0.445%+$44 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: Phemex is 0.258% cheaper against HTX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4516	0.0100	pay 0.0100% / 8h	2h 02m	$852K	$1.8M	50x
Short	Phemex WLDUSDT	0.4513	0.0100	get 0.0100% / 8h	2h 02m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.192%: −$25.85
Slippage, 4 orders: −$121.46
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$171.31
Costs to cover: 1.455%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Phemex: live order book, 1 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 HTX live order book, 1 min ago	6.64 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	5.53 bp	43.0 bp −$43	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	−0.0489%	8h	0.4519	+0.066%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0015%	8h	0.4513	−0.066%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0003%	8h	0.4512	−0.089%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4522	+0.127%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4513	−0.066%	$122K	$911K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.032%	$56K	—	150x	as long as short
Variational Omni WLD	+0.0018%	8h	0.4512	−0.082%	$2.1M	$1.7M	—	as long as short
Nado WLD-PERP	+0.0042%	1h	0.4515	−0.033%	$271K	$169K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4522	+0.124%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0094%	8h	0.4513	−0.066%	$33.7M	$137.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0098%	8h	0.4513	−0.066%	$49.3M	$48.7M	300x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4519	+0.060%	$46.4M	$41.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4518	+0.034%	$212K	$976K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4521	+0.117%	$51K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4514	−0.051%	$84.7M	$293.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.089%	$64.3M	$80.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4514	−0.044%	$7.3M	$34.9M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.133%	$29.9M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4514	−0.044%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4524	+0.184%	$128K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4509	−0.153%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4510	−0.127%	$605K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4509	−0.155%	$54K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4518	+0.047%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4518	+0.044%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4512	−0.089%	$199	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4516	long leg	$852K	$1.8M	50x
Phemex WLDUSDTshort	+0.0100%	8h	0.4513	−0.066%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4510	−0.132%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4513	−0.056%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4512	−0.083%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0219%	8h	0.4518	+0.044%	$4.8M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1996%	1h	0.4514	−0.052%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4522	+0.128%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.576%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4521	+0.111%	$277K	$1.6M	50x	as long as short
Lighter WLD	+0.0936%	1h	0.4522	+0.124%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1105%	1h	0.4515	−0.028%	$918K	$2.6M	50x	as long as short