Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h −0.039%

Price spread now: Gate against Injective+0.155%7-day average −0.235% · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.501%−$50 · spread now +0.155%, 7d avg −0.235%

Together, before fees−0.560%−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Gate is 0.391% dearer against Injective than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.235%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% 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	Injective WLD/USDC PERP	0.4508	−0.0309	get 0.0039% / 1h	14m 33s	$6K	$185K	5.5x
Short	Gate WLD_USDT	0.4515	0.0100	get 0.0100% / 8h	14m 33s	$7.0M	$35.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee InjectivebpFee GatebpOrdersPrice spread, now +0.155%Rate

Funding earned: $85.99
Price spread: +0.155% → −0.235%: $39.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $110.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: live order book, 54 min ago; Gate: live order book, 4 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 Injective live order book, 54 min ago	56.62 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.22 bp	14.4 bp −$14	32.2 bp −$322	52.8 bp −$5,277	121.4 bp −$60.7K

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
Injective WLD/USDC PERPlong	−0.0309%	1h	0.4508	long leg	$6K	$185K	5.5x
Nado WLD-PERP	−0.0018%	1h	0.4515	+0.144%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	+0.230%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4514	+0.133%	$51K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4513	+0.111%	$136K	$986K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4512	+0.089%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4511	+0.067%	$27K	$675K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	+0.263%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	+0.257%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4516	+0.172%	$86.5M	$333.6M	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	0.4513	+0.111%	$63.9M	$89.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4514	+0.133%	$34.1M	$151.1M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4515	+0.155%	$7.0M	$35.9M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4517	+0.200%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	+0.222%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4515	+0.155%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4515	+0.155%	—	$72.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	+0.144%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	+0.084%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4508	−0.003%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4507	−0.014%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.089%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	+0.173%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4520	+0.266%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4512	+0.089%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	+0.067%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4512	+0.089%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4513	+0.121%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4513	+0.111%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	+0.008%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4523	+0.342%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.018%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4517	+0.206%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	+0.069%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	+0.044%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0398%	1h	0.4520	+0.273%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4516	+0.177%	$268K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0458%	1h	0.4514	+0.135%	$865K	$2.8M	50x	as long as short