Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h −0.043%

Price spread now: KuCoin against Injective−1.449%7-day average −0.211% · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+1.204%+$120 · spread now −1.449%, 7d avg −0.211%

Together, before fees+1.189%+$119 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 1.238% cheaper against Injective than usual: you would sell low and buy high (spread −1.449% now, against its 7-day average of −0.211%). If the spread goes back, that is −$124 on $10k: about 54 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLD/USDC PERP	0.4623	−0.0079	get 0.0010% / 1h	30m 30s	$6K	$185K	5.5x
Short	KuCoin WLDUSDTM	0.4556	−0.0002	pay 0.0002% / 8h	1h 30m	$7.0M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.449%Rate

Funding earned: $16.11
Price spread: −1.449% → −0.211%: −$123.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$119.75
Costs to cover: 0.120%
Break-even: 59.0 days

Slippage unknown: Injective: live order book, 19 min ago; KuCoin: live order book, 3 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, 19 min ago	81.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.19 bp	15.5 bp −$15	40.6 bp −$406	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	−0.0351%	8h	0.4563	−1.298%	$62K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERPlong	−0.0079%	1h	0.4623	long leg	$6K	$185K	5.5x
Orderly PERP_WLD_USDC	−0.0003%	8h	0.4560	−1.363%	$28K	$913K	10x	as long as short
KuCoin WLDUSDTMshort	−0.0002%	8h	0.4556	−1.449%	$7.0M	$10.8M	50x
dYdX WLD-USD	0.0000%	1h	0.4562	−1.321%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4561	−1.341%	$107K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4563	−1.291%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0056%	8h	0.4588	−0.758%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0064%	1h	0.4560	−1.374%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4560	−1.356%	$202K	$988K	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	0.4560	−1.363%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4559	−1.384%	$86.4M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−1.384%	$65.3M	$81.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−1.384%	$34.1M	$140.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	−1.384%	$7.4M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	−1.363%	$48.0M	$51.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−1.406%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4560	−1.363%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	−1.328%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	−0.993%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	−0.887%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	−1.060%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	−1.345%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4567	−1.211%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4561	−1.341%	$199	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−1.406%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4562	−1.319%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4559	−1.391%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	−1.347%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	−0.993%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−1.386%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4565	−1.259%	$905K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4558	−1.406%	$4.9M	$810K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4563	−1.291%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4561	−1.333%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4567	−1.211%	$268K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0901%	1h	0.4564	−1.285%	$49.6M	$43.1M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4570	−1.155%	$5.2M	$2.1M	10x	as long as short