Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.060%

Price spread now: Coinbase International against OKX+0.086%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.086%, 7d avg +0.097%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4626	0.0100	pay 0.0100% / 8h	7h 38m	$34.7M	$144.7M	50x
Short	Coinbase International WLD-PERP-INTX	0.4630	0.0448	get 0.0056% / 1h	38m 54s	$274K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.086%Rate

Funding earned: $73.08
Price spread: +0.086% → +0.097%: −$1.07
Slippage, 4 orders: −$33.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $18.26
Costs to cover: 0.538%
Break-even: 5.3 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 5 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 OKX live order book, 5 min ago	1.09 bp	6.9 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	7.58 bp	17.6 bp −$18	22.0 bp −$220	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	−0.0188%	8h	0.4629	+0.065%	$58K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0027%	1h	0.4627	+0.032%	$279K	$169K	5x	as long as short
KuCoin WLDUSDTM	−0.0014%	8h	0.4625	−0.022%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4631	+0.115%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4625	−0.022%	$124K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4625	−0.019%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	−0.627%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4624	−0.043%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4630	+0.079%	$193K	$984K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4633	+0.151%	$54K	$482K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4627	+0.022%	$87.6M	$304.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4627	+0.022%	$66.5M	$82.3M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4626	long leg	$34.7M	$144.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4627	+0.022%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4628	+0.043%	$47.2M	$53.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4626	0.000%	$30.7M	$26.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4627	+0.022%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4628	+0.039%	$138K	$280K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4618	−0.178%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4618	−0.172%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4612	−0.300%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4622	−0.086%	$54K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4627	+0.030%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4629	+0.065%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4623	−0.065%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4628	+0.043%	$861K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4621	−0.108%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4627	+0.012%	$234K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4624	−0.036%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4624	−0.048%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4615	−0.231%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	+0.022%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4626	−0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4632	+0.134%	$331	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0326%	1h	0.4626	−0.009%	$911K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0448%	1h	0.4630	+0.086%	$274K	$1.7M	50x
Hyperliquid WLD	+0.0728%	1h	0.4633	+0.162%	$51.6M	$43.4M	10x	as long as short
Lighter WLD	+0.0936%	1h	0.4632	+0.136%	$5.2M	$2.0M	10x	as long as short