Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex+0.005%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4585	0.0100	pay 0.0100% / 8h	7h 56m	$1.8M	$3.7M	50x
Short	gTrade (Gains Network) WLD/USD	0.4585	L +0.0003% / S −0.0003%	get 0.0000% / 1h	56m 54s	$56K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.005%Rate

Funding earned: −$20.44
Price spread: +0.005% → 0.000%: $0.48
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.96
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 Phemex live order book, 2 min ago	15.29 bp	71.0 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0202%	8h	0.4580	−0.109%	$65K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	−0.200%	$163K	$13K	10x	as long as short
KuCoin WLDUSDTM	+0.0003%	8h	0.4587	+0.044%	$7.0M	$11.0M	50x	as long as short
gTrade (Gains Network) WLD/USDshort	L +0.0003% / S −0.0003%	1h	0.4585	+0.005%	$56K	—	150x
Injective WLD/USDC PERP	+0.0038%	1h	0.4585	0.000%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0039%	8h	0.4585	0.000%	$28K	$906K	10x	as long as short
Nado WLD-PERP	+0.0063%	1h	0.4582	−0.055%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4589	+0.078%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4578	−0.150%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4592	+0.143%	$86.8M	$304.1M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4593	+0.174%	$66.0M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4594	+0.196%	$34.3M	$144.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4590	+0.109%	$7.5M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4593	+0.174%	$46.5M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4593	+0.174%	$30.4M	$26.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4593	+0.174%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4590	+0.103%	$136K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	−0.155%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4579	−0.121%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4585	0.000%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	−0.109%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4585	+0.004%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4588	+0.065%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	+0.022%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4582	−0.065%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4585	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4589	+0.079%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	+0.036%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4583	−0.039%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4583	−0.046%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0186%	1h	0.4587	+0.044%	$123K	$892K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	0.000%	$4.9M	$820K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4583	−0.044%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4582	−0.061%	$328	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0328%	1h	0.4589	+0.097%	$905K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4590	+0.109%	$273K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0793%	1h	0.4601	+0.340%	$51.0M	$43.6M	10x	as long as short
Lighter WLD	+0.1008%	1h	0.4598	+0.279%	$5.2M	$2.0M	10x	as long as short