Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.008%

Price spread now: gTrade (Gains Network) against KuCoin+1.827%330s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 1.827% dearer against KuCoin than usual: you sell high and buy low (spread +1.827% now, against zero (this spread has no 7-day history yet)): +$183 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 330 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4474	0.0100	pay 0.0100% / 8h	6h 54m	$6.6M	$11.6M	50x
Short	gTrade (Gains Network) WLD/USD	0.4556	L +0.0003% / S −0.0003%	get 0.0000% / 1h	54m 53s	$66K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +1.827%Rate

Funding earned: −$20.42
Price spread: +1.827% → 0.000%: $182.66
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $140.23
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 4 min ago	1.10 bp	19.6 bp −$20	38.3 bp −$383	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit WLD_USDC-PERPETUAL	−0.0196%	1h	0.4487	+0.291%	$126K	$1.0M	25x	as long as short
ApeX Omni WLDUSDT	−0.0123%	1h	0.4544	+1.565%	$48K	$237K	50x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4501	+0.603%	$64K	$4.6M	1.7x	as long as short
Nado WLD-PERP	+0.0002%	1h	0.4494	+0.458%	$234K	$171K	5x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4556	+1.827%	$66K	—	150x
Injective WLD/USDC PERP	+0.0033%	1h	0.4508	+0.760%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4502	+0.621%	$322	$55	5x	as long as short
dYdX WLD-USD	+0.0073%	1h	0.4512	+0.838%	$154K	$31K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4474	+0.004%	$4.8M	$3.0M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4489	+0.335%	$27K	$490K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4483	+0.192%	$49.8M	$43.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	+0.134%	$212K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4513	+0.881%	$56K	$540K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4476	+0.034%	$85.5M	$331.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4479	+0.112%	$63.6M	$90.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4475	+0.022%	$34.0M	$147.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4475	+0.022%	$7.0M	$32.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	+0.045%	$40.0M	$55.9M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4474	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4473	−0.022%	$29.6M	$31.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4478	+0.089%	—	$20.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4482	+0.172%	$128K	$286K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4532	+1.288%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4541	+1.487%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4550	+1.699%	$602K	$2.2M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4499	+0.559%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4494	+0.447%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4488	+0.313%	$231	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4492	+0.402%	$823K	$1.3M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4490	+0.358%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4474	−0.008%	$212K	$803K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4495	+0.465%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4495	+0.459%	—	—	20x	as long as short
Phoenix WLD	+0.0194%	1h	0.4545	+1.589%	$4K	$43K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0203%	1h	0.4490	+0.359%	$888K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4489	+0.338%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	+0.805%	$4.4M	$940K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4493	+0.425%	$268K	$1.5M	50x	as long as short