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

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Coinbase International against Injective−1.644%56s7-day average −0.131% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 3 days (all we have)+1.573%+$157 · spread now −1.644%, 7d avg −0.131%
Together, before fees+1.642%+$164 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 1.513% cheaper against Injective than usual: you would sell low and buy high (spread −1.644% now, against its 7-day average of −0.131%). If the spread goes back, that is −$151 on $10k: about 6 months of funding at the current rate (+$1 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective WLD/USDC PERP0.46220.0374pay 0.0047% / 1h43m 21s$6K$139K5.5x
ShortCoinbase International WLD-PERP-INTX0.45460.0400get 0.0050% / 1h43m 21s$285K$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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
$5.47
Price spread: −1.644% → −0.131%
−$151.3
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$155.84
Costs to cover
0.100%
Break-even
206.3 days
Slippage unknown: Injective: live order book, 11 min ago; Coinbase International: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 11 min ago49.15 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago5.47 bp18.3 bp −$1824.0 bp −$240doesn'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−0.0542%8h0.4537−1.839%$32K$3.8M1.7xas long as short
Variational Omni WLD−0.0042%8h0.4558−1.395%$2.1M$1.6Mas long as short
Orderly PERP_WLD_USDC−0.0028%8h0.4538−1.817%$28K$918K10xas long as short
dYdX WLD-USD0.0000%1h0.4547−1.626%$155K$6K10xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4539−1.796%$140K$808K25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4538−1.807%$56K150xas long as short
KuCoin WLDUSDTM+0.0013%8h0.4543−1.709%$7.1M$10.7M50xas long as short
OKX WLD-USDT-SWAP+0.0049%8h0.4536−1.861%$34.1M$137.2M50xas long as short
Phoenix WLD+0.0052%1h0.4561−1.315%$5K$52K10xas long as short
Nado WLD-PERP+0.0052%1h0.4541−1.752%$271K$168K5xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0085%8h0.4536−1.861%$65.4M$79.6M50xas long as short
MEXC WLD_USDT+0.0099%8h0.4539−1.796%$52.8M$46.9M300xas long as short
Aster WLDUSDT+0.0100%8h0.4544−1.680%$208K$975K50xas long as short
Pacifica WLD+0.0100%1h0.4545−1.661%$53K$473K5xas long as short
Binance WLDUSDT+0.0100%8h0.4539−1.794%$85.9M$291.0M75xas long as short
Gate WLD_USDT+0.0100%8h0.4537−1.839%$7.4M$34.3M75xas long as short
Bitget WLDUSDT+0.0100%8h0.4536−1.861%$30.0M$25.2M75xas long as short
BingX WLD-USDC+0.0100%8h0.4538−1.817%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4542−1.737%$128K$279K10xas long as short
edgeX WLDUSDC+0.0100%4h0.4547−1.613%$27K$317K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4538−1.812%$613K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4539−1.796%$55K$226K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4543−1.698%$54K$1.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4542−1.731%$22K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4538−1.817%$196$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4539−1.796%$856K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4541−1.752%$1.8M$3.8M50xas long as short
Extended WLD-USD+0.0104%1h0.4544−1.693%$132K$745K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4538−1.820%$31K$5K3xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4538−1.821%20xas long as short
Hyperliquid WLD+0.0172%1h0.4546−1.655%$47.2M$40.5M10xas long as short
GMX WLD/USD [ETH-USDC]L +0.0217% / S −0.0307%1h0.4538−1.814%$12K100xas long as short
BloFin WLD-USDT+0.0219%8h0.4540−1.774%$5.0M$831K75xas long as short
Injective WLD/USDC PERPlong+0.0374%1h0.4622long leg$6K$139K5.5x
Coinbase International WLD-PERP-INTXshort+0.0400%1h0.4546−1.644%$285K$1.6M50x
01 Exchange WLDUSD+0.0560%1h0.4549−1.588%$325$775xas long as short
Lighter WLD+0.1056%1h0.4553−1.484%$5.1M$2.0M10xas long as short
Kraken Futures PF_WLDUSD+0.1098%1h0.4543−1.713%$924K$2.6M50xas long as short