Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.124%

Price spread now: Kalshi against Kraken Futures−0.018%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

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

costs, in and out, $10k−$650.652% of the position

Long on Kraken Futures Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.415%−$41 on $10k

Price spread, last 4 days (all we have)−0.638%−$64 · spread now −0.018%, 7d avg −0.175%

Together, before fees−1.052%−$105 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.157% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.175%): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4476	0.0306	pay 0.0038% / 1h	26m 07s	$887K	$2.8M	50x
Short	Kalshi KXWLDPERP	0.4475	0	get 0.0000% / 8h	3h 26m	$49K	$4.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now −0.018%Rate

Funding earned: −$64.26
Price spread: −0.018% → −0.175%: $15.69
Slippage, 4 orders: −$45.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$113.77
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Kalshi: live order book, 2 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	7.82 bp	21.0 bp −$21	32.5 bp −$325	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	7.82 bp	12.8 bp −$13	22.9 bp −$229	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	−0.0009%	1h	0.4472	−0.085%	$232K	$175K	5x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4475	−0.018%	$49K	$4.6M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4474	−0.041%	$115K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4472	−0.087%	$65K	—	150x	as long as short
Bybit WLDUSDT	+0.0018%	8h	0.4481	+0.116%	$63.4M	$89.1M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4473	−0.063%	$27K	$577K	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4479	+0.064%	$49.6M	$43.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4477	+0.033%	$224K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4477	+0.016%	$55K	$553K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4481	+0.116%	$85.5M	$334.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4482	+0.138%	$33.8M	$148.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4474	−0.041%	$7.0M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4473	−0.063%	$41.0M	$56.5M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4472	−0.085%	$6.5M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4472	−0.085%	$29.5M	$31.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4474	−0.041%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4474	−0.034%	$129K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4480	+0.088%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4481	+0.111%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.094%	$590K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4483	+0.160%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4476	+0.004%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4477	+0.026%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4474	−0.041%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	+0.160%	$822K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4475	−0.018%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4470	−0.137%	$212K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4474	−0.047%	$30K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.719%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4474	−0.035%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4479	+0.078%	$4.9M	$3.0M	10x	as long as short
01 Exchange WLDUSD	+0.0168%	1h	0.4477	+0.031%	$320	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4483	+0.163%	$4K	$44K	10x	as long as short
dYdX WLD-USD	+0.0213%	1h	0.4476	+0.007%	$153K	$31K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4472	−0.079%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	+0.071%	$4.4M	$926K	75x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0306%	1h	0.4476	long leg	$887K	$2.8M	50x
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4478	+0.049%	$265K	$1.6M	50x	as long as short