Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.083%

Price spread now: OKX against Kraken Futures−0.047%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now −0.047%, 7d avg −0.074%

Together, before fees−0.585%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.026% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.074%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4492	0.0203	pay 0.0025% / 1h	19m 24s	$880K	$2.7M	50x
Short	OKX WLD-USDT-SWAP	0.4490	0.0100	get 0.0100% / 8h	6h 19m	$34.0M	$147.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$21.61
Price spread: −0.047% → −0.074%: $2.62
Slippage, 4 orders: −$25.81
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.8
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	3.33 bp	16.0 bp −$16	25.8 bp −$258	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.11 bp	8.2 bp −$8	15.2 bp −$152	270.3 bp −$27.0K	doesn't fit

WLD on 38 exchanges

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	−0.0080%	1h	0.4491	−0.036%	$236K	$172K	5x	as long as short
Gate WLD_USDT	−0.0053%	8h	0.4491	−0.025%	$7.0M	$32.7M	75x	as long as short
Bybit WLDUSDT	−0.0026%	8h	0.4488	−0.092%	$64.2M	$89.2M	50x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4494	+0.042%	$62K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4492	−0.003%	$109K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4492	−0.003%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0033%	1h	0.4477	−0.337%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4494	+0.033%	$321	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4494	+0.035%	$4.9M	$3.0M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0096%	8h	0.4490	−0.047%	$27K	$407K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WLDUSDTM	+0.0097%	8h	0.4490	−0.047%	$6.6M	$11.2M	50x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4497	+0.102%	$49.9M	$42.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4492	−0.003%	$211K	$971K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4492	−0.011%	$58K	$536K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4491	−0.025%	$85.4M	$329.0M	75x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4490	−0.047%	$34.0M	$147.3M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4490	−0.047%	$41.0M	$56.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4490	−0.047%	$29.6M	$30.8M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4489	−0.070%	—	$55.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	−0.016%	$130K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4491	−0.035%	$2.1M	$1.4M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4497	+0.110%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4502	+0.228%	$592K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4498	+0.131%	$59K	$242K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4486	−0.137%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4496	+0.086%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4490	−0.047%	$232	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	−0.003%	$823K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4493	+0.019%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4488	−0.100%	$212K	$792K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4492	−0.001%	$30K	$500	3x	as long as short
Phoenix WLD	+0.0123%	1h	0.4495	+0.055%	$4K	$43K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4490	−0.046%	—	—	20x	as long as short
dYdX WLD-USD	+0.0199%	1h	0.4492	−0.012%	$153K	$31K	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0203%	1h	0.4492	long leg	$880K	$2.7M	50x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4493	+0.012%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4496	+0.086%	$4.7M	$974K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4495	+0.064%	$276K	$1.5M	50x	as long as short