Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica−0.044%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.306%+$31 · spread now −0.044%, 7d avg −0.018%

Together, before fees+0.306%+ Points / potential airdropPacifica: Active · farm board+$31 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: Phemex is 0.026% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4552	0.0100	pay 0.0013% / 1h	53m 12s	$51K	$481K	5x
Short	Phemex WLDUSDT	0.4550	0.0100	get 0.0100% / 8h	1h 53m	$1.8M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.018%: −$2.58
Slippage, 4 orders: −$94.79
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$117.38
Costs to cover: 1.148%
Break-even: never at this rate

Slippage from Pacifica: live order book, 30 min ago; Phemex: live order book, 6 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, 30 min ago	2.20 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	6.64 bp	45.6 bp −$46	doesn't fit	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	−0.0453%	8h	0.4551	−0.022%	$45K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−0.659%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0012%	8h	0.4551	−0.022%	$28K	$915K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4551	−0.032%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4552	0.000%	$121K	$916K	25x	as long as short
KuCoin WLDUSDTM	+0.0003%	8h	0.4547	−0.110%	$7.0M	$10.7M	50x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4550	−0.037%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0035%	8h	0.4542	−0.217%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0073%	1h	0.4550	−0.044%	$273K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4552	0.000%	$213K	$973K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLDlong	+0.0100%	1h	0.4552	long leg	$51K	$481K	5x
Binance WLDUSDT	+0.0100%	8h	0.4549	−0.066%	$85.5M	$293.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4546	−0.132%	$64.8M	$80.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4547	−0.110%	$34.1M	$139.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4548	−0.088%	$7.4M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4550	−0.044%	$59.6M	$49.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4550	−0.044%	$30.2M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4548	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4550	−0.046%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4555	+0.060%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4557	+0.110%	$611K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4558	+0.132%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4551	−0.033%	$48K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4556	+0.088%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4550	−0.044%	$200	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.022%	$859K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4550	−0.044%	$1.8M	$3.8M	50x
Extended WLD-USD	+0.0104%	1h	0.4548	−0.093%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4552	−0.002%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4556	+0.094%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	−0.073%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0187%	1h	0.4554	+0.034%	$923K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4548	−0.088%	$4.8M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4555	+0.055%	$326	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0253% / S −0.2136%	1h	0.4550	−0.034%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4531	−0.461%	$277K	$1.6M	50x	as long as short
Lighter WLD	+0.0896%	1h	0.4560	+0.178%	$5.2M	$2.0M	10x	as long as short
Hyperliquid WLD	+0.0957%	1h	0.4558	+0.141%	$48.6M	$42.2M	10x	as long as short