Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.026%

Price spread now: Extended against Orderly+0.083%7-day average −0.056% · you sell dearer than you buy

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.443%+$44 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.083%, 7d avg −0.056%

Together, before fees+0.174%+ Points / potential airdropExtended: Active · farm board+$17 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 0.139% dearer against Orderly than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4540	0.0098	pay 0.0098% / 8h	44m 51s	$27K	$721K	10x
Short	Extended WLD-USD	0.4544	0.0104	get 0.0013% / 1h	44m 51s	$210K	$945K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.083%Rate

Funding earned: $1.21
Price spread: +0.083% → −0.056%: $13.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.11
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 18 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 Extended live order book, 18 min ago	1.10 bp	3.7 bp −$4	10.9 bp −$109	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	−0.352%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0060%	1h	0.4538	−0.033%	$237K	$167K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4541	+0.013%	$155K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4543	+0.066%	$42K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4541	+0.022%	$141K	$982K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4540	−0.006%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDClong	+0.0098%	8h	0.4540	long leg	$27K	$721K	10x
Aster WLDUSDT	+0.0100%	8h	0.4546	+0.141%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4540	+0.010%	$49K	$532K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4547	+0.151%	$87.1M	$333.6M	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	0.4545	+0.110%	$64.6M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4544	+0.088%	$34.4M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4544	+0.088%	$7.2M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	+0.132%	$41.6M	$56.2M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4543	+0.066%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4545	+0.110%	$30.1M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4544	+0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	+0.119%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4547	+0.146%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4556	+0.342%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	+0.154%	$607K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	−0.088%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	+0.018%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4547	+0.154%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4540	0.000%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4541	+0.022%	$830K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.066%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDshort	+0.0104%	1h	0.4544	+0.083%	$210K	$945K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4541	+0.033%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4539	−0.028%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4546	+0.139%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4551	+0.240%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4540	+0.003%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4542	+0.044%	$4.8M	$908K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4543	+0.070%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0426%	1h	0.4552	+0.269%	$50.6M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4547	+0.154%	$273K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0455%	1h	0.4542	+0.052%	$868K	$2.8M	50x	as long as short