Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.014%

Price spread now: KuCoin against Pacifica+0.029%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.029%, 7d avg −0.052%

Together, before fees−0.431%+ Points / potential airdropPacifica: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.081% dearer against Pacifica than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.052%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4551	0.0100	pay 0.0013% / 1h	31m 15s	$51K	$482K	5x
Short	KuCoin WLDUSDTM	0.4552	0.0018	get 0.0018% / 8h	2h 31m	$7.0M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$17.22
Price spread: +0.029% → −0.052%: $8.14
Slippage, 4 orders: −$54.16
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.24
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Pacifica: live order book, 57 min ago; KuCoin: live order book, 2 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 Pacifica live order book, 57 min ago	2.17 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.20 bp	16.1 bp −$16	34.8 bp −$348	doesn't fit	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
Kalshi KXWLDPERP	−0.0504%	8h	0.4555	+0.095%	$44K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0030%	8h	0.4535	−0.337%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4555	+0.095%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4551	+0.013%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4557	+0.139%	$128K	$901K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	+0.128%	$57K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0018%	8h	0.4552	+0.029%	$7.0M	$10.7M	50x
Nado WLD-PERP	+0.0044%	1h	0.4553	+0.062%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4552	+0.023%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0064%	8h	0.4553	+0.051%	$34.0M	$138.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLD	+0.0100%	1h	0.4559	+0.174%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4558	+0.156%	$215K	$981K	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4551	long leg	$51K	$482K	5x
Binance WLDUSDT	+0.0100%	8h	0.4554	+0.081%	$85.8M	$292.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4553	+0.051%	$65.1M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4555	+0.095%	$7.5M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4554	+0.073%	$53.0M	$47.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4553	+0.051%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4555	+0.095%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4555	+0.093%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4552	+0.029%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.077%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4553	+0.051%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4555	+0.098%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4561	+0.227%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	+0.073%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	+0.073%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4555	+0.095%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4553	+0.062%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4557	+0.139%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4555	+0.091%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4556	+0.120%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4556	+0.117%	$4.9M	$804K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.568%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4555	+0.095%	$279K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0432%	1h	0.4558	+0.163%	$326	$77	5x	as long as short
Lighter WLD	+0.1032%	1h	0.4565	+0.324%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1095%	1h	0.4557	+0.135%	$923K	$2.6M	50x	as long as short