Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Phemex−0.392%78s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.064% of the position

Long on Phemex Short on edgeX

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)−0.018%−$2 · spread now −0.392%, 7d avg −0.049%

Together, before fees−0.018%+ Points / potential airdropedgeX: Active · farm board−$2 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: edgeX is 0.344% cheaper against Phemex than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.049%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4570	0.0100	pay 0.0100% / 8h	2h 25m	$1.8M	$3.8M	50x
Short	edgeX WLDUSDC	0.4552	0.0100	get 0.0050% / 4h	2h 25m	$27K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.392%Rate

Funding earned: $0
Price spread: −0.392% → −0.049%: −$34.38
Slippage, 4 orders: −$85.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$140.82
Costs to cover: 1.064%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 62 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 Phemex live order book, 3 min ago	6.57 bp	44.2 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	3.26 bp	7.8 bp −$8	16.1 bp −$161	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	−0.0452%	8h	0.4568	−0.044%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0024%	8h	0.4572	+0.044%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0021%	8h	0.4554	−0.344%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4568	−0.047%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4573	+0.066%	$129K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4572	+0.054%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0013%	8h	0.4568	−0.044%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0037%	1h	0.4570	0.000%	$273K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4571	+0.031%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0069%	8h	0.4560	−0.219%	$34.2M	$138.5M	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	0.4569	−0.018%	$47.3M	$40.8M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4570	−0.007%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.193%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4563	−0.153%	$85.7M	$292.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4561	−0.197%	$65.2M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4566	−0.088%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4564	−0.131%	$54.1M	$47.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4562	−0.175%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4567	−0.066%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4569	−0.018%	$129K	$272K	10x	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4552	−0.392%	$27K	$316K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4563	−0.154%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	−0.328%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4568	−0.037%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4576	+0.131%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4570	0.000%	$198	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	−0.044%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4570	long leg	$1.8M	$3.8M	50x
Extended WLD-USD	+0.0104%	1h	0.4563	−0.153%	$134K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4574	+0.083%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4568	−0.047%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4572	+0.045%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.066%	$4.9M	$813K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.138%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSD	+0.0400%	1h	0.4573	+0.072%	$327	$77	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.175%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1024%	1h	0.4573	+0.074%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1091%	1h	0.4574	+0.088%	$926K	$2.6M	50x	as long as short