WLD

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0221%/8h= +24.1% APRnext payment +$2.21 per $10,000 · paid last 24h +0.069%

Price spread now: Phemex against Kalshi−0.173%7-day average +0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on Kalshi Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)+0.745%+$74 · spread now −0.173%, 7d avg +0.145%

Together, before fees+1.067%+$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.318% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of +0.145%). If the spread goes back, that is −$32 on $10k: about 4.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4629	−0.0121	get 0.0121% / 8h	1h 12m	$46K	$4.6M	1.7x
Short	Phemex WLDUSDT	0.4621	0.0100	get 0.0100% / 8h	5h 12m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.173%Rate

Funding earned: $46.31
Price spread: −0.173% → +0.145%: −$31.79
Slippage, 4 orders: −$91.78
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$99.26
Costs to cover: 1.138%
Break-even: 22.0 days

Slippage from Kalshi: live order book, 1 min ago; Phemex: live order book, 6 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, 1 min ago	3.24 bp	8.2 bp −$8	15.7 bp −$157	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	5.38 bp	39.4 bp −$39	doesn't fit	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 KXWLDPERPlong	−0.0121%	8h	0.4629	long leg	$46K	$4.6M	1.7x
KuCoin WLDUSDTM	−0.0024%	8h	0.4619	−0.216%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4619	−0.214%	$164K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4625	−0.086%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	−0.025%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0009%	1h	0.4631	+0.032%	$268K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4632	+0.065%	$331	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0077%	8h	0.4623	−0.130%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4623	−0.132%	$174K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4621	−0.173%	$48K	$511K	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	0.4619	−0.216%	$87.8M	$326.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4618	−0.238%	$66.0M	$88.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4617	−0.259%	$34.9M	$149.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4618	−0.238%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4619	−0.216%	$45.6M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4617	−0.259%	$30.7M	$29.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4619	−0.216%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4621	−0.166%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4639	+0.207%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.114%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4635	+0.121%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4633	+0.086%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4633	+0.089%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	0.000%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	−0.130%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.108%	$845K	$1.9M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4621	−0.173%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4616	−0.274%	$213K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4624	−0.117%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4628	−0.017%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+0.523%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4626	−0.063%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4622	−0.151%	$5.0M	$803K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4627	−0.053%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0477%	1h	0.4628	−0.015%	$51.5M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	+0.238%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.151%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0895%	1h	0.4625	−0.092%	$895K	$2.9M	50x	as long as short