Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.003%

Price spread now: Phoenix against KuCoin+0.415%78s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.415% dearer against KuCoin than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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	0.4511	0.0100	pay 0.0100% / 8h	7h 54m	$6.6M	$11.6M	50x
Short	Phoenix WLD	0.4530	0.0177	get 0.0022% / 1h	54m 12s	$4K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.415%Rate

Funding earned: $16.09
Price spread: +0.415% → 0.000%: $41.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $38.55
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; Phoenix: 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	2.21 bp	18.8 bp −$19	45.8 bp −$458	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
dYdX WLD-USD	0.0000%	1h	0.4517	+0.137%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4517	+0.133%	$40K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	+0.089%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	+0.095%	$65K	—	150x	as long as short
Nado WLD-PERP	+0.0014%	1h	0.4519	+0.188%	$234K	$175K	5x	as long as short
Bybit WLDUSDT	+0.0058%	8h	0.4512	+0.022%	$63.8M	$89.4M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4514	+0.067%	$27K	$631K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	+0.095%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4517	+0.134%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4514	+0.058%	$86.6M	$333.2M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4513	+0.044%	$34.2M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4515	+0.089%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4514	+0.067%	$41.8M	$55.5M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4511	long leg	$6.6M	$11.6M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4514	+0.067%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4514	+0.067%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	+0.095%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	−0.050%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4529	+0.402%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4528	+0.369%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4521	+0.222%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.177%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4526	+0.333%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	+0.067%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	+0.200%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4514	+0.067%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4511	+0.004%	$208K	$878K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4515	+0.089%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.067%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4514	+0.062%	—	—	20x	as long as short
Phoenix WLDshort	+0.0177%	1h	0.4530	+0.415%	$4K	$44K	10x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4515	+0.080%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4511	0.000%	$4.4M	$895K	75x	as long as short
01 Exchange WLDUSD	+0.0224%	1h	0.4518	+0.157%	$323	$55	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4515	+0.096%	$868K	$2.8M	50x	as long as short
Lighter WLD	+0.0328%	1h	0.4519	+0.184%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0357%	1h	0.4521	+0.233%	$50.2M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4525	+0.310%	$269K	$1.6M	50x	as long as short