Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0530%/8h= +58.0% APRpaid last 24h +0.088%

Price spread now: Coinbase International against KuCoin+0.089%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.089%, 7d avg +0.081%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$16 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 0.126% in total (about 6.6% 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	KuCoin WLDUSDTM	0.4485	0.0030	pay 0.0030% / 8h	3h 00m	$6.7M	$11.8M	50x
Short	Coinbase International WLD-PERP-INTX	0.4489	0.0560	get 0.0070% / 1h	0m 52s	$264K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.089%Rate

Funding earned: $111.3
Price spread: +0.089% → +0.081%: $0.79
Slippage, 4 orders: −$66.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $23.53
Costs to cover: 0.886%
Break-even: 5.5 days

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: 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 KuCoin live order book, 3 min ago	1.12 bp	26.5 bp −$26	41.1 bp −$411	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.68 bp	15.4 bp −$15	20.2 bp −$202	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	−0.0035%	1h	0.4484	−0.011%	$238K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4480	−0.117%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4480	−0.111%	$75K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	0.000%	$130K	$999K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4484	−0.025%	$65K	—	150x	as long as short
KuCoin WLDUSDTMlong	+0.0030%	8h	0.4485	long leg	$6.7M	$11.8M	50x
Polymarket Perps WLD-USD	+0.0088%	1h	0.4482	−0.062%	$73K	$2.3M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4483	−0.045%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4486	+0.017%	$219K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	−0.111%	$50K	$526K	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	0.4486	+0.023%	$85.1M	$335.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4485	0.000%	$63.9M	$91.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4484	−0.022%	$33.7M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4485	0.000%	$7.1M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4486	+0.022%	$39.3M	$56.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4483	−0.045%	$29.5M	$30.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4485	0.000%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	+0.065%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.096%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4487	+0.040%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.201%	$596K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4486	+0.022%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4489	+0.089%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.022%	$208	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4478	−0.156%	$818K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4484	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4485	−0.005%	$223K	$995K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.025%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4484	−0.016%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4538	+1.182%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4486	+0.011%	$5K	$52K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4484	−0.033%	$321	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.068%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4481	−0.089%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4489	+0.091%	$48.7M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0529%	1h	0.4485	+0.007%	$858K	$2.9M	50x	as long as short
Lighter WLD	+0.0552%	1h	0.4489	+0.087%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0560%	1h	0.4489	+0.089%	$264K	$1.6M	50x