Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.014%

Price spread now: edgeX against KuCoin−0.471%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.699%+$70 · spread now −0.471%, 7d avg −0.003%

Together, before fees+0.790%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.469% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.471% now, against its 7-day average of −0.003%). If the spread goes back, that is −$47 on $10k: about 16 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.091% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4589	0.0002	pay 0.0002% / 8h	1h 27m	$7.0M	$10.8M	50x
Short	edgeX WLDUSDC	0.4567	0.0100	get 0.0050% / 4h	1h 27m	$27K	$314K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.471%Rate

Funding earned: $20.58
Price spread: −0.471% → −0.003%: −$46.85
Slippage, 4 orders: −$26.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$73.99
Costs to cover: 0.477%
Break-even: 32.2 days

Slippage from KuCoin: live order book, 1 min ago; edgeX: live order book, 56 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, 1 min ago	2.19 bp	15.6 bp −$16	56.9 bp −$569	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	4.40 bp	8.9 bp −$9	18.3 bp −$183	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	−0.0340%	8h	0.4581	−0.174%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.741%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0002%	8h	0.4589	0.000%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4578	−0.242%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4590	+0.022%	$108K	$900K	25x	as long as short
KuCoin WLDUSDTMlong	+0.0002%	8h	0.4589	long leg	$7.0M	$10.8M	50x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	−0.038%	$57K	—	150x	as long as short
Nado WLD-PERP	+0.0056%	1h	0.4582	−0.153%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	−0.590%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4586	−0.061%	$203K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4578	−0.245%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4588	−0.022%	$86.7M	$297.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4590	+0.022%	$65.7M	$81.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4589	0.000%	$34.3M	$141.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4588	−0.022%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4589	0.000%	$48.9M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4588	−0.022%	$30.3M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4588	−0.022%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4591	+0.037%	$127K	$269K	10x	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4567	−0.471%	$27K	$314K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4579	−0.208%	$615K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4573	−0.349%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4589	−0.009%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.153%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4590	+0.022%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.065%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4590	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4589	−0.007%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4592	+0.059%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4562	−0.586%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.067%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4594	+0.109%	$911K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	+0.044%	$4.9M	$816K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4586	−0.070%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4588	−0.018%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4579	−0.218%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0847%	1h	0.4595	+0.122%	$49.9M	$43.2M	10x	as long as short
Lighter WLD	+0.0976%	1h	0.4601	+0.255%	$5.2M	$2.1M	10x	as long as short