Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Orderly+0.035%53s7-day average +0.019% · you sell dearer than you buy

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

Long on Orderly Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.383%−$38 · spread now +0.035%, 7d avg +0.019%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4564	0.0098	pay 0.0098% / 8h	4h 01m	$28K	$885K	10x
Short	Polymarket Perps WLD-USD	0.4566	0.0099	get 0.0012% / 1h	1m 27s	$40K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0.07
Price spread: +0.035% → +0.019%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.3
Costs to cover: 0.140%
Break-even: 1287.8 days

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago	4.06 bp	8.1 bp −$8	9.1 bp −$91	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
Nado WLD-PERP	−0.0047%	1h	0.4569	+0.110%	$242K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4565	+0.014%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4563	−0.022%	$53K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4566	+0.044%	$124K	$963K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4564	−0.005%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0008%	8h	0.4567	+0.066%	$6.9M	$11.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.416%	$6K	$185K	5.5x	as long as short
Lighter WLD	+0.0096%	1h	0.4569	+0.118%	$4.9M	$2.4M	10x	as long as short
Orderly PERP_WLD_USDClong	+0.0098%	8h	0.4564	long leg	$28K	$885K	10x
Polymarket Perps WLD-USDshort	+0.0099%	1h	0.4566	+0.035%	$40K	$2.2M	10x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4563	−0.018%	$211K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4567	+0.065%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4569	+0.119%	$86.6M	$328.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4566	+0.044%	$65.0M	$89.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.066%	$34.4M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4568	+0.088%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4567	+0.066%	$43.4M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4566	+0.044%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4563	−0.022%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4566	+0.033%	$136K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	−0.182%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4563	−0.030%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4567	+0.066%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4567	+0.066%	$43K	$238K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4568	+0.088%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4564	0.000%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4565	+0.022%	$834K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4569	+0.110%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4569	+0.103%	$218K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4565	+0.027%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4572	+0.182%	$327	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4564	+0.006%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4567	+0.055%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	−0.044%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4563	−0.023%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0333%	1h	0.4574	+0.213%	$50.2M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0480%	1h	0.4569	+0.100%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4561	−0.066%	$267K	$1.6M	50x	as long as short