Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.084%

Price spread now: Kalshi against Injective−1.322%66s7-day average −0.338% · you buy dearer than you sell

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

Long on Injective Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)+1.132%+$113 · spread now −1.322%, 7d avg −0.338%

Together, before fees+0.893%+$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kalshi is 0.984% cheaper against Injective than usual: you would sell low and buy high (−$98 if the spread goes back to its 7-day average of −0.338%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4538	0.0142	pay 0.0018% / 1h	2m 14s	$6K	$185K	5.5x
Short	Kalshi KXWLDPERP	0.4478	0	get 0.0000% / 8h	7h 02m	$75K	$4.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KalshibpOrdersPrice spread, now −1.322%Rate

Funding earned: −$29.8
Price spread: −1.322% → −0.338%: −$98.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$138.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 17 min ago; Kalshi: live order book, 1 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, 17 min ago	71.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	2.23 bp	25.0 bp −$25	33.4 bp −$334	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
Nado WLD-PERP	−0.0032%	1h	0.4473	−1.432%	$237K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4480	−1.284%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4478	−1.322%	$75K	$4.8M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4477	−1.344%	$129K	$999K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4478	−1.322%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0029%	8h	0.4472	−1.454%	$6.6M	$11.8M	50x	as long as short
Polymarket Perps WLD-USD	+0.0088%	1h	0.4473	−1.424%	$74K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4475	−1.388%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4478	−1.329%	$219K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	−1.273%	$50K	$526K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4475	−1.380%	$84.9M	$334.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4473	−1.432%	$63.7M	$91.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4476	−1.366%	$33.6M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4476	−1.366%	$7.1M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	−1.366%	$39.2M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4475	−1.388%	$29.5M	$30.6M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4476	−1.366%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4482	−1.234%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4508	−0.667%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4503	−0.776%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	−0.970%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4511	−0.595%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4481	−1.256%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4475	−1.388%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4470	−1.498%	$816K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4476	−1.366%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4475	−1.392%	$223K	$995K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4477	−1.351%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4476	−1.371%	—	—	20x	as long as short
Injective WLD/USDC PERPlong	+0.0142%	1h	0.4538	long leg	$6K	$185K	5.5x
Phoenix WLD	+0.0157%	1h	0.4513	−0.549%	$5K	$52K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4475	−1.393%	$320	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4477	−1.337%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4485	−1.168%	$4.8M	$902K	75x	as long as short
Hyperliquid WLD	+0.0256%	1h	0.4480	−1.276%	$48.6M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0530%	1h	0.4478	−1.314%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4479	−1.300%	$264K	$1.6M	50x	as long as short
Lighter WLD	+0.0568%	1h	0.4480	−1.283%	$4.9M	$2.9M	10x	as long as short