Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0215%/8h= −23.5% APRpaid last 24h +0.100%

Price spread now: Kraken Futures against KuCoin+0.041%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now +0.041%, 7d avg +0.065%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.065%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.208%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4477	0.0022	pay 0.0022% / 8h	5h 08m	$6.8M	$10.2M	50x
Short	Kraken Futures PF_WLDUSD	0.4479	−0.0193	pay 0.0024% / 1h	8m 16s	$840K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$45.08
Price spread: +0.041% → +0.065%: −$2.39
Slippage, 4 orders: −$50.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$119.73
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: 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	2.24 bp	19.0 bp −$19	37.8 bp −$378	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.70 bp	17.9 bp −$18	31.5 bp −$315	1032.8 bp −$103.3K	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0361%	1h	0.4475	−0.038%	$41K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSDshort	−0.0193%	1h	0.4479	+0.041%	$840K	$2.6M	50x
Bybit WLDUSDT	−0.0145%	8h	0.4476	−0.022%	$63.8M	$85.0M	50x	as long as short
Nado WLD-PERP	−0.0119%	1h	0.4477	−0.006%	$234K	$157K	5x	as long as short
Gate WLD_USDT	−0.0077%	8h	0.4477	0.000%	$7.0M	$31.8M	75x	as long as short
01 Exchange WLDUSD	−0.0048%	1h	0.4480	+0.074%	$321	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4476	−0.022%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4479	+0.045%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4479	+0.045%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0004%	1h	0.4479	+0.050%	$153K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	0.000%	$6K	$185K	5.5x	as long as short
Variational Omni WLD	+0.0019%	8h	0.4465	−0.260%	$2.1M	$1.4M	—	as long as short
KuCoin WLDUSDTMlong	+0.0022%	8h	0.4477	long leg	$6.8M	$10.2M	50x
Phoenix WLD	+0.0053%	1h	0.4463	−0.315%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0084%	8h	0.4477	0.000%	$27K	$254K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4483	+0.136%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	+0.061%	$219K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4480	+0.067%	$64K	$512K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4477	+0.005%	$84.7M	$313.5M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4476	−0.022%	$34.3M	$142.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4476	−0.022%	$42.3M	$56.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4475	−0.045%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4476	−0.022%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4478	+0.025%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4458	−0.420%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4471	−0.134%	$598K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4461	−0.357%	$47K	$248K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4483	+0.134%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4478	+0.022%	$232	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4479	+0.045%	$821K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4477	0.000%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4475	−0.054%	$211K	$651K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4479	+0.054%	$30K	$500	3x	as long as short
Hyperliquid WLD	+0.0129%	1h	0.4486	+0.192%	$50.4M	$28.3M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4475	−0.049%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4472	−0.120%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4477	0.000%	$4.7M	$907K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4484	+0.156%	$272K	$975K	50x	as long as short