Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.070%

Price spread now: Kraken Futures against OKX+0.083%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.083%, 7d avg +0.075%

Together, before fees+0.304%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$11 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 0.194% in total (about 10.1% 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	0.4528	0.0100	pay 0.0100% / 8h	39m 16s	$34.3M	$151.7M	50x
Short	Kraken Futures PF_WLDUSD	0.4532	0.0456	get 0.0057% / 1h	39m 16s	$868K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.083%Rate

Funding earned: $74.72
Price spread: +0.083% → +0.075%: $0.79
Slippage, 4 orders: −$26.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $29.08
Costs to cover: 0.464%
Break-even: 4.3 days

Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 4 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	1.10 bp	10.0 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.50 bp	14.1 bp −$14	24.2 bp −$242	1046.2 bp −$104.6K	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.066%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0039%	1h	0.4526	−0.044%	$236K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4525	−0.074%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4524	−0.088%	$51K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4530	+0.044%	$140K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4528	0.000%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4529	+0.022%	$27K	$710K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4531	+0.067%	$226K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	−0.022%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4530	+0.044%	$86.9M	$333.7M	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	0.4527	−0.022%	$64.3M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4528	long leg	$34.3M	$151.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4528	0.000%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4530	+0.044%	$41.4M	$56.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4523	−0.110%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4529	+0.022%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4530	+0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4534	+0.137%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.279%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4544	+0.361%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4545	+0.377%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.353%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4529	+0.022%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4535	+0.155%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4529	+0.022%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4527	−0.022%	$828K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4529	+0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4521	−0.160%	$210K	$891K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	+0.055%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4528	+0.005%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4535	+0.152%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.552%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4529	+0.012%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4531	+0.066%	$4.8M	$906K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4528	−0.004%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0426%	1h	0.4536	+0.166%	$50.4M	$43.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4532	+0.088%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0456%	1h	0.4532	+0.083%	$868K	$2.8M	50x