Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.011%

Price spread now: Extended against OKX−0.149%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.149%, 7d avg −0.022%

Together, before fees+0.536%+ Points / potential airdropExtended: Active · farm board+$54 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.127% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4512	0.0100	pay 0.0100% / 8h	2h 22m	$34.1M	$153.5M	50x
Short	Extended WLD-USD	0.4505	0.0104	get 0.0013% / 1h	22m 04s	$220K	$999K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0.84
Price spread: −0.149% → −0.022%: −$12.68
Slippage, 4 orders: −$7.13
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.97
Costs to cover: 0.221%
Break-even: 290.1 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 26 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, 2 min ago	1.12 bp	7.6 bp −$8	16.1 bp −$161	221.7 bp −$22.2K	doesn't fit
Sell Extended live order book, 26 min ago	1.11 bp	3.7 bp −$4	9.5 bp −$95	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
Nado WLD-PERP	−0.0054%	1h	0.4500	−0.277%	$242K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4489	−0.504%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4495	−0.377%	$64K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4502	−0.222%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4498	−0.301%	$322	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0043%	1h	0.4500	−0.277%	$44K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0048%	8h	0.4507	−0.111%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4512	−0.002%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4506	−0.133%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4506	−0.127%	$225K	$1.1M	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	0.4495	−0.381%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4511	−0.026%	$85.9M	$338.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4511	−0.022%	$64.2M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4512	long leg	$34.1M	$153.5M	50x
Gate WLD_USDT	+0.0100%	8h	0.4508	−0.089%	$7.4M	$37.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4509	−0.066%	$39.2M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4513	+0.022%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4511	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4513	+0.020%	$134K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.825%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.925%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.603%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.864%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4513	+0.022%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4509	−0.066%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	−0.244%	$824K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4510	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4505	−0.149%	$220K	$999K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4509	−0.073%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4500	−0.260%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.711%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.022%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0194%	1h	0.4508	−0.089%	$144K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4502	−0.213%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.532%	$4.8M	$920K	75x	as long as short
Hyperliquid WLD	+0.0257%	1h	0.4515	+0.058%	$48.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0502%	1h	0.4511	−0.019%	$858K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4505	−0.155%	$274K	$1.7M	50x	as long as short