Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0426%/8h= −46.6% APRpaid last 24h −0.059%

Price spread now: Variational Omni against Kraken Futures+0.007%7-day average −0.063% · you sell dearer than you buy

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.007%, 7d avg −0.063%

Together, before fees−0.307%+ Points / potential airdropVariational Omni: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.069% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.063%): +$7 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.012% in total (about 1.3% 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	0.4515	0.0526	pay 0.0066% / 1h	10m 12s	$866K	$2.9M	50x
Short	Variational Omni WLD	0.4516	0.0100	get 0.0100% / 8h	3h 10m	$2.1M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: −$89.44
Price spread: +0.007% → −0.063%: $6.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$92.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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 Kraken Futures live order book, 4 min ago	6.63 bp	21.4 bp −$21	34.8 bp −$348	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	5.52 bp	doesn't fit	21.0 bp −$210	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	−0.0027%	1h	0.4516	+0.014%	$239K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	+0.050%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4516	+0.014%	$65K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	−0.008%	$119K	$988K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.011%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4513	−0.052%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4515	−0.008%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4517	+0.045%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.081%	$50K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4513	−0.052%	$86.0M	$332.0M	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	0.4511	−0.097%	$64.1M	$90.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	−0.052%	$34.1M	$150.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	−0.052%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4513	−0.052%	$40.0M	$55.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4511	−0.097%	$29.7M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4513	−0.052%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4514	−0.039%	$134K	$304K	10x	as long as short
Variational Omni WLDshort	+0.0100%	8h	0.4516	+0.007%	$2.1M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4527	+0.259%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4527	+0.258%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4529	+0.302%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4515	−0.001%	$49K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4519	+0.081%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.030%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4512	−0.074%	$824K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.008%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4512	−0.080%	$214K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	−0.004%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	−0.004%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+0.501%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4532	+0.377%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	+0.058%	$4.8M	$877K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4514	−0.020%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4517	+0.027%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0314%	1h	0.4517	+0.038%	$49.2M	$43.7M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0526%	1h	0.4515	long leg	$866K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4523	+0.169%	$263K	$1.6M	50x	as long as short
Lighter WLD	+0.0712%	1h	0.4519	+0.083%	$4.9M	$2.9M	10x	as long as short