Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: dYdX against Kalshi+0.067%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Kalshi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.760%+$76 · spread now +0.067%, 7d avg +0.160%

Together, before fees+0.854%+$85 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.092% cheaper against Kalshi than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4520	0	get 0.0000% / 8h	7h 23m	$29K	$4.1M	1.7x
Short	dYdX WLD-USD	0.4523	0	get 0.0000% / 1h	23m 12s	$154K	$31K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Kalshi. 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 KalshibpFee dYdXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.160%: −$9.2
Slippage, 4 orders: −$98.8
Fee Kalshi: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$128
Costs to cover: 1.188%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; dYdX: live order book, 14 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 Kalshi live order book, 3 min ago	5.51 bp	10.5 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell dYdX live order book, 14 min ago	39.94 bp	49.4 bp −$49	59.4 bp −$594	138.1 bp −$13.8K	575.3 bp −$287.7K

WLD on 38 exchanges

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	−0.0099%	1h	0.4520	+0.011%	$235K	$132K	5x	as long as short
Gate WLD_USDT	−0.0068%	8h	0.4522	+0.044%	$7.1M	$30.8M	75x	as long as short
KuCoin WLDUSDTM	−0.0054%	8h	0.4524	+0.088%	$6.6M	$10.1M	50x	as long as short
Bybit WLDUSDT	−0.0017%	8h	0.4528	+0.177%	$64.7M	$84.1M	50x	as long as short
Variational Omni WLD	−0.0012%	8h	0.4539	+0.410%	$2.2M	$1.5M	—	as long as short
dYdX WLD-USDshort	0.0000%	1h	0.4523	+0.067%	$154K	$31K	10x
Kalshi KXWLDPERPlong	0.0000%	8h	0.4520	long leg	$29K	$4.1M	1.7x
Phoenix WLD	0.0000%	1h	0.4537	+0.387%	$4K	$40K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4525	+0.111%	$107K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	+0.081%	$65K	—	150x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WLDUSD	+0.0029%	1h	0.4528	+0.186%	$866K	$2.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0032%	8h	0.4527	+0.155%	$35.0M	$141.8M	50x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.951%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0062%	8h	0.4524	+0.088%	$27K	$3K	10x	as long as short
01 Exchange WLDUSD	+0.0096%	1h	0.4528	+0.168%	$323	$67	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4526	+0.131%	$214K	$906K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4525	+0.107%	$66K	$503K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4527	+0.147%	$86.3M	$310.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	+0.199%	$43.8M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4525	+0.111%	$29.7M	$28.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4523	+0.066%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4527	+0.159%	$128K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4529	+0.199%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.177%	$600K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4535	+0.332%	$46K	$247K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4523	+0.075%	$41K	$2.5M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4527	+0.155%	$23K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4525	+0.111%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	0.000%	$843K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	+0.155%	$1.6M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4523	+0.058%	$213K	$645K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	+0.128%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	−0.096%	—	—	20x	as long as short
Lighter WLD	+0.0208%	1h	0.4532	+0.272%	$4.9M	$3.0M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4522	+0.044%	$4.8M	$876K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0223% / S −0.1107%	1h	0.4523	+0.077%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0232%	1h	0.4527	+0.155%	$273K	$984K	50x	as long as short
Hyperliquid WLD	+0.0453%	1h	0.4527	+0.146%	$52.5M	$27.4M	10x	as long as short