Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.057%

Price spread now: Binance against Hyperliquid+0.009%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.009%, 7d avg −0.068%

Together, before fees−0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.077% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.068%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.145% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLD	0.4583	0.0266	pay 0.0033% / 1h	31m 54s	$50.4M	$43.3M	10x
Short	Binance WLDUSDT	0.4584	0.0100	get 0.0100% / 8h	4h 31m	$87.0M	$327.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$34.89
Price spread: +0.009% → −0.068%: $7.72
Slippage, 4 orders: −$15.43
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.6
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Binance: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.88 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.10 bp	9.7 bp −$10	17.9 bp −$179	50.3 bp −$5,033	176.8 bp −$88.4K

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	−0.0104%	8h	0.4572	−0.242%	$52K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0050%	1h	0.4573	−0.209%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0023%	8h	0.4579	−0.089%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.207%	$156K	$33K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	−0.202%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−0.853%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0088%	1h	0.4574	−0.203%	$327	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0089%	8h	0.4575	−0.177%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4581	−0.039%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4573	−0.231%	$210K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4575	−0.187%	$49K	$528K	5x	as long as short
Binance WLDUSDTshort	+0.0100%	8h	0.4584	+0.009%	$87.0M	$327.9M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4583	−0.002%	$65.3M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	+0.041%	$34.4M	$150.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4584	+0.020%	$7.2M	$36.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.089%	$44.1M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4578	−0.111%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4584	+0.020%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	−0.116%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4539	−0.969%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4550	−0.721%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4552	−0.679%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4554	−0.635%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.253%	$43K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	−0.046%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4577	−0.133%	$176	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.329%	$835K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4577	−0.133%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4577	−0.138%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	−0.122%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.248%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4555	−0.620%	$5K	$52K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0187%	1h	0.4577	−0.133%	$118K	$927K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4570	−0.286%	$4.9M	$851K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1106%	1h	0.4575	−0.183%	$5K	—	100x	as long as short
Hyperliquid WLDlong	+0.0266%	1h	0.4583	long leg	$50.4M	$43.3M	10x
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4580	−0.067%	$886K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4552	−0.679%	$267K	$1.7M	50x	as long as short