Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX−0.111%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.111%, 7d avg +0.018%

Together, before fees+0.099%+$10 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: Gate is 0.129% 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 +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4523	0.0100	pay 0.0100% / 8h	52m 35s	$34.2M	$151.5M	50x
Short	Gate WLD_USDT	0.4518	0.0100	get 0.0100% / 8h	52m 35s	$7.1M	$35.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.018%: −$12.88
Slippage, 4 orders: −$20.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.05
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	1.11 bp	6.7 bp −$7	14.4 bp −$144	233.7 bp −$23.4K	doesn't fit
Sell Gate live order book, 1 min ago	1.11 bp	17.1 bp −$17	33.5 bp −$335	54.2 bp −$5,421	131.4 bp −$65.7K

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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	+0.022%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0035%	1h	0.4521	−0.044%	$236K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4520	−0.064%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4520	−0.066%	$56K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4515	−0.177%	$140K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4515	−0.179%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4514	−0.199%	$27K	$726K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4522	−0.030%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	−0.079%	$49K	$534K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	−0.017%	$86.6M	$333.5M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4521	−0.044%	$64.3M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4523	long leg	$34.2M	$151.5M	50x
Gate WLD_USDTshort	+0.0100%	8h	0.4518	−0.111%	$7.1M	$35.5M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4517	−0.133%	$39.9M	$55.9M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4520	−0.066%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4523	0.000%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4520	−0.066%	—	$69.7M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4519	−0.097%	$131K	$295K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4508	−0.339%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4518	−0.111%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4533	+0.213%	$598K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.177%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4523	+0.004%	$53K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4527	+0.088%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4515	−0.177%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.066%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4519	−0.088%	$1.7M	$3.6M	50x	as long as short
Lighter WLD	+0.0104%	1h	0.4526	+0.066%	$4.9M	$2.8M	10x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4516	−0.148%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	−0.166%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4523	−0.006%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4526	+0.064%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4515	−0.186%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	−0.111%	$4.8M	$906K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4527	+0.080%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0444%	1h	0.4529	+0.133%	$50.3M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4527	+0.088%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4517	−0.136%	$868K	$2.8M	50x	as long as short