Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: KuCoin against Orderly−0.066%7-day average −0.025% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now −0.066%, 7d avg −0.025%

Together, before fees−0.108%−$11 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: KuCoin is 0.041% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4560	−0.0003	get 0.0003% / 8h	1h 29m	$28K	$913K	10x
Short	KuCoin WLDUSDTM	0.4557	−0.0003	pay 0.0003% / 8h	1h 29m	$7.0M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$0.09
Price spread: −0.066% → −0.025%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.16
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.19 bp	15.5 bp −$15	40.6 bp −$406	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	−0.0347%	8h	0.4561	+0.022%	$62K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.382%	$6K	$185K	5.5x	as long as short
KuCoin WLDUSDTMshort	−0.0003%	8h	0.4557	−0.066%	$7.0M	$10.8M	50x
Orderly PERP_WLD_USDClong	−0.0003%	8h	0.4560	long leg	$28K	$913K	10x
dYdX WLD-USD	0.0000%	1h	0.4562	+0.043%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4562	+0.044%	$107K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.028%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0063%	8h	0.4562	+0.042%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0064%	1h	0.4560	−0.011%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4559	−0.019%	$202K	$988K	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	0.4560	0.000%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	−0.003%	$86.4M	$297.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4562	+0.044%	$65.3M	$81.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4562	+0.044%	$34.1M	$140.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4556	−0.088%	$7.4M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4556	−0.088%	$48.0M	$51.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4563	+0.066%	$30.1M	$25.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4557	−0.066%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4557	−0.061%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	+0.375%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.482%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.307%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.018%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4566	+0.132%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.022%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.044%	$860K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4557	−0.066%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4563	+0.058%	$239K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.011%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	+0.375%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4559	−0.023%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4563	+0.071%	$905K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4558	−0.044%	$4.9M	$810K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4563	+0.072%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4561	+0.011%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4568	+0.175%	$269K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0885%	1h	0.4560	+0.009%	$49.6M	$43.1M	10x	as long as short
Lighter WLD	+0.0960%	1h	0.4567	+0.147%	$5.2M	$2.1M	10x	as long as short