Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.069%

Price spread now: Polymarket Perps against Kalshi−0.008%7-day average +0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Kalshi Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days−0.093%−$9 · spread now −0.008%, 7d avg +0.112%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.120% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.112%). If the spread goes back, that is −$12 on $10k: about 37 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.242% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4734	−0.0161	get 0.0161% / 8h	3h 07m	$30K	$4.0M	1.7x
Short	Polymarket Perps WLD-USD	0.4734	0.0100	get 0.0013% / 1h	7m 21s	$45K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $54.9
Price spread: −0.008% → +0.112%: −$12
Slippage, 4 orders: −$20.48
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $4.42
Costs to cover: 0.385%
Break-even: 6.4 days

Slippage from Kalshi: live order book, 1 min ago; Polymarket Perps: 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	4.23 bp	13.5 bp −$13	21.0 bp −$210	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	3.16 bp	7.2 bp −$7	7.7 bp −$77	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	−0.0161%	8h	0.4734	long leg	$30K	$4.0M	1.7x
Nado WLD-PERP	−0.0025%	1h	0.4733	−0.032%	$275K	$178K	5x	as long as short
KuCoin WLDUSDTM	−0.0014%	8h	0.4727	−0.148%	$7.1M	$11.2M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4730	−0.091%	$169K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4729	−0.106%	$56K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+0.211%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4730	−0.084%	$29K	$900K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4730	−0.075%	$208K	$995K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4732	−0.042%	$56K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4734	−0.010%	$90.5M	$311.0M	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	0.4735	+0.021%	$68.6M	$83.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4729	−0.106%	$35.9M	$150.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4730	−0.084%	$7.5M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4732	−0.042%	$49.3M	$55.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4730	−0.084%	$31.7M	$27.4M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4730	−0.084%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4728	−0.137%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.365%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4721	−0.276%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4728	−0.118%	$624K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4723	−0.232%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USDshort	+0.0100%	1h	0.4734	−0.008%	$45K	$1.8M	10x
SunX WLD-USDT	+0.0100%	8h	0.4734	0.000%	$24K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4729	−0.106%	$230	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4731	−0.063%	$900K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4726	−0.169%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4729	−0.104%	$218K	$894K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4732	−0.053%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4730	−0.084%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4726	−0.169%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4732	−0.042%	$136K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4732	−0.042%	$5.1M	$880K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4731	−0.064%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4735	+0.017%	$339	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0318%	1h	0.4734	+0.001%	$943K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4737	+0.063%	$277K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0880%	1h	0.4740	+0.125%	$53.2M	$44.0M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4741	+0.154%	$5.4M	$2.0M	10x	as long as short