Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0611%/8h= −66.9% APRpaid last 24h +0.026%

Price spread now: Aster against Kraken Futures−0.033%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now −0.033%, 7d avg −0.042%

Together, before fees−0.277%+ Points / potential airdropAster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4628	0.0711	pay 0.0089% / 1h	55m 56s	$922K	$2.6M	50x
Short	Aster WLDUSDT	0.4626	0.0100	get 0.0100% / 8h	55m 56s	$196K	$999K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$128.23
Price spread: −0.033% → −0.042%: $0.88
Slippage, 4 orders: −$40.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$185.52
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Aster: live order book, 22 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 Kraken Futures live order book, 3 min ago	4.34 bp	19.6 bp −$20	34.5 bp −$345	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	1.09 bp	9.0 bp −$9	25.8 bp −$258	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 KXWLDPERP	−0.0250%	8h	0.4616	−0.250%	$50K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4625	−0.049%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4626	−0.034%	$110K	$881K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4626	−0.029%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0009%	8h	0.4625	−0.055%	$28K	$910K	10x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4622	−0.120%	$7.1M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0074%	1h	0.4624	−0.077%	$278K	$169K	5x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4626	−0.033%	$196K	$999K	50x
Pacifica WLD	+0.0100%	1h	0.4626	−0.035%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4625	−0.055%	$87.7M	$298.1M	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	0.4625	−0.055%	$66.2M	$82.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4624	−0.077%	$34.6M	$143.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4623	−0.099%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4625	−0.055%	$49.8M	$51.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4625	−0.055%	$30.5M	$25.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4625	−0.055%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4626	−0.038%	$131K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	−0.533%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4607	−0.441%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4612	−0.326%	$620K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4608	−0.423%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4627	−0.006%	$42K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	+0.031%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4624	−0.077%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4617	−0.228%	$871K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4624	−0.077%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4623	−0.094%	$237K	$860K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	−0.023%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4617	−0.237%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4623	−0.091%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4621	−0.142%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4626	−0.041%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4629	+0.029%	$331	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.336%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4618	−0.207%	$274K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0592%	1h	0.4632	+0.098%	$50.4M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0711%	1h	0.4628	long leg	$922K	$2.6M	50x
Lighter WLD	+0.1448%	1h	0.4637	+0.197%	$5.3M	$2.0M	10x	as long as short