Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.058%

Price spread now: Extended against Kalshi+0.483%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

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

costs, in and out, $10k−$320.320% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.603%+$60 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.483%, 7d avg +0.096%

Together, before fees+0.421%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.387% dearer against Kalshi than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4594	0	get 0.0000% / 8h	7h 53m	$50K	$4.7M	1.7x
Short	Extended WLD-USD	0.4616	0.0104	get 0.0013% / 1h	53m 16s	$221K	$981K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.483%Rate

Funding earned: $21.84
Price spread: +0.483% → +0.096%: $38.71
Slippage, 4 orders: −$17
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $28.55
Costs to cover: 0.320%
Break-even: from the start

Slippage from Kalshi: live order book, 5 min ago; Extended: live order book, 65 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, 5 min ago	5.47 bp	10.5 bp −$10	18.8 bp −$188	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	2.19 bp	4.7 bp −$5	10.3 bp −$103	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	−0.0041%	1h	0.4605	+0.239%	$244K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4604	+0.221%	$157K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4594	long leg	$50K	$4.7M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4613	+0.414%	$67K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0017%	8h	0.4614	+0.435%	$7.0M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0091%	1h	0.4608	+0.300%	$40K	$2.2M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4613	+0.414%	$28K	$884K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4607	+0.289%	$213K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4605	+0.243%	$49K	$525K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4615	+0.456%	$87.6M	$329.5M	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	0.4614	+0.435%	$65.8M	$89.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4615	+0.457%	$34.7M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4609	+0.327%	$7.3M	$36.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4617	+0.501%	$43.6M	$54.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4611	+0.370%	$30.5M	$30.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4615	+0.457%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4617	+0.496%	$138K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4560	−0.747%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.328%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4569	−0.544%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	−0.131%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4613	+0.414%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4616	+0.479%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4611	+0.370%	$843K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4617	+0.501%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4616	+0.483%	$221K	$981K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4619	+0.539%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4608	+0.310%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4564	−0.653%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4597	+0.074%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4618	+0.522%	$4.9M	$838K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4613	+0.410%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4610	+0.355%	$330	$80	5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0400%	1h	0.4617	+0.501%	$125K	$959K	25x	as long as short
Hyperliquid WLD	+0.0507%	1h	0.4617	+0.494%	$50.8M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0514%	1h	0.4618	+0.525%	$892K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4609	+0.327%	$271K	$1.7M	50x	as long as short
Lighter WLD	+0.0784%	1h	0.4624	+0.657%	$5.2M	$2.6M	10x	as long as short