Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.058%

Price spread now: SoDEX against Kalshi−0.022%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.022% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4487	0	get 0.0000% / 8h	6h 28m	$69K	$4.9M	1.7x
Short	SoDEX WLD-USD	0.4486	0.0100	get 0.0013% / 1h	28m 32s	$206	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $21
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.77
Costs to cover: 0.180%
Break-even: 6.7 days

Slippage unknown: Kalshi: live order book, 5 min ago; SoDEX: no order-book sample. 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 Kalshi live order book, 5 min ago	3.34 bp	9.8 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0050%	1h	0.4471	−0.345%	$240K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4472	−0.339%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4487	long leg	$69K	$4.9M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4489	+0.043%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0040%	1h	0.4469	−0.412%	$39K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0043%	8h	0.4469	−0.401%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4471	−0.348%	$320	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4488	+0.022%	$28K	$814K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	−0.147%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4474	−0.290%	$50K	$542K	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	0.4473	−0.306%	$85.3M	$339.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4470	−0.379%	$63.6M	$91.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4471	−0.357%	$33.7M	$152.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4473	−0.312%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4469	−0.401%	$38.3M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4469	−0.401%	$29.4M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4472	−0.334%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4484	−0.062%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	+0.040%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	+0.050%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.156%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	+0.022%	$48K	$241K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4493	+0.134%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USDshort	+0.0100%	1h	0.4486	−0.022%	$206	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4476	−0.245%	$819K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4485	−0.045%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4470	−0.373%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4489	+0.041%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4468	−0.416%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	+0.065%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4477	−0.223%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.579%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0196%	1h	0.4489	+0.045%	$143K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4490	+0.075%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4490	+0.067%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0289%	1h	0.4476	−0.245%	$48.4M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4489	+0.046%	$856K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4492	+0.111%	$274K	$1.7M	50x	as long as short