Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.088%7-day average −0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1691.686% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.386%−$39 · spread now −0.088%, 7d avg −0.169%

Together, before fees−0.437%−$44 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: HTX is 0.081% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4552	0.0100	pay 0.0100% / 8h	7h 01m	$1.7M	$3.6M	50x
Short	HTX WLD-USDT	0.4548	0.0100	get 0.0100% / 8h	7h 01m	$834K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.169%: $8.11
Slippage, 4 orders: −$144.64
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$160.53
Costs to cover: 1.686%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; HTX: 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 Phemex live order book, 2 min ago	6.59 bp	44.0 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	10.98 bp	37.3 bp −$37	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
Nado WLD-PERP	−0.0046%	1h	0.4553	+0.022%	$236K	$171K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4553	+0.022%	$36K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4551	−0.022%	$120K	$973K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4553	+0.017%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4550	−0.044%	$27K	$517K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4558	+0.125%	$216K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4558	+0.132%	$55K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4558	+0.132%	$87.1M	$331.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4557	+0.110%	$65.5M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4554	+0.044%	$34.6M	$150.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4556	+0.088%	$7.2M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4558	+0.132%	$42.0M	$57.4M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4551	−0.022%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4554	+0.044%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4557	+0.110%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4553	+0.024%	$128K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	+0.082%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4550	−0.051%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4554	+0.037%	$604K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4549	−0.066%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4555	+0.066%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4561	+0.198%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4550	−0.044%	$221	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4548	−0.088%	$834K	$1.3M	50x
Phemex WLDUSDTlong	+0.0100%	8h	0.4552	long leg	$1.7M	$3.6M	50x
Lighter WLD	+0.0104%	1h	0.4561	+0.189%	$4.9M	$3.0M	10x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4553	+0.017%	$215K	$806K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4550	−0.036%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.967%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	+0.0124%	1h	0.4556	+0.083%	$155K	$31K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	−0.072%	—	—	20x	as long as short
Hyperliquid WLD	+0.0140%	1h	0.4561	+0.193%	$50.7M	$43.2M	10x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4553	+0.015%	$326	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4564	+0.257%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	−0.005%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4554	+0.044%	$4.4M	$959K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0301%	1h	0.4553	+0.024%	$903K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4560	+0.176%	$269K	$1.5M	50x	as long as short