Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.043%

Price spread now: Injective against KuCoin+1.448%70s7-day average +0.211% · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−1.203%−$120 · spread now +1.448%, 7d avg +0.211%

Together, before fees−1.188%−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.237% dearer against KuCoin than usual: you sell high and buy low (spread +1.448% now, against its 7-day average of +0.211%): +$124 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days. The two prices were read 70 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	0.4557	−0.0003	get 0.0003% / 8h	1h 30m	$7.0M	$10.8M	50x
Short	Injective WLD/USDC PERP	0.4623	−0.0079	pay 0.0010% / 1h	30m 10s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.448%Rate

Funding earned: −$15.9
Price spread: +1.448% → +0.211%: $123.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $95.83
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; Injective: live order book, 19 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 KuCoin live order book, 3 min ago	2.19 bp	16.5 bp −$17	44.3 bp −$443	doesn't fit	doesn't fit
Sell Injective live order book, 19 min ago	81.43 bp	doesn't fit	doesn't fit	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	−0.0347%	8h	0.4561	+0.088%	$62K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERPshort	−0.0079%	1h	0.4623	+1.448%	$6K	$185K	5.5x
KuCoin WLDUSDTMlong	−0.0003%	8h	0.4557	long leg	$7.0M	$10.8M	50x
Orderly PERP_WLD_USDC	−0.0003%	8h	0.4560	+0.066%	$28K	$913K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4562	+0.109%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4562	+0.110%	$107K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.094%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	+0.108%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0064%	1h	0.4560	+0.055%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4561	+0.096%	$202K	$988K	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	0.4560	+0.066%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4558	+0.013%	$86.4M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4556	−0.022%	$65.2M	$81.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4556	−0.022%	$34.1M	$140.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4559	+0.044%	$7.4M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4556	−0.022%	$48.0M	$51.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4555	−0.044%	$30.0M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4557	0.000%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4557	+0.004%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	+0.441%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.549%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.373%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.083%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	+0.197%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	+0.044%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.022%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4557	0.000%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4560	+0.059%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.077%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.441%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	+0.042%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4563	+0.137%	$905K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4558	+0.022%	$4.9M	$810K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4563	+0.138%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4561	+0.077%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4568	+0.241%	$269K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0894%	1h	0.4565	+0.171%	$49.6M	$43.1M	10x	as long as short
Lighter WLD	+0.0960%	1h	0.4567	+0.213%	$5.2M	$2.1M	10x	as long as short