Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.025%

Price spread now: edgeX against Orderly+0.102%7-day average −0.044% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)−0.421%−$42 · spread now +0.102%, 7d avg −0.044%

Together, before fees−0.265%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.145% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4580	0.0001	pay 0.0001% / 8h	1h 21m	$28K	$913K	10x
Short	edgeX WLDUSDC	0.4585	0.0100	get 0.0050% / 4h	1h 21m	$27K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.102%Rate

Funding earned: $20.7
Price spread: +0.102% → −0.044%: $14.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $20.23
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 62 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 62 min ago	4.40 bp	8.9 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit

Orderly: 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
Kalshi KXWLDPERP	−0.0319%	8h	0.4573	−0.153%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.939%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	+0.095%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	0.000%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDClong	+0.0001%	8h	0.4580	long leg	$28K	$913K	10x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	+0.024%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4578	−0.044%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4581	+0.022%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.173%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	+0.032%	$201K	$986K	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	0.4584	+0.081%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4580	+0.002%	$86.6M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4580	0.000%	$65.6M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.022%	$34.2M	$141.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	+0.022%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.022%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4581	+0.022%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	+0.105%	$129K	$270K	10x	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4585	+0.102%	$27K	$315K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.258%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.175%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	+0.020%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	0.000%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.044%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4578	−0.041%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.005%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.157%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.045%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	+0.091%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4572	−0.175%	$4.9M	$813K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4586	+0.129%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4580	−0.001%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.131%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0776%	1h	0.4584	+0.096%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0952%	1h	0.4595	+0.330%	$5.2M	$2.1M	10x	as long as short