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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: OKX against Phemex0.000%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1031.026% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now 0.000%, 7d avg −0.049%

Together, before fees−0.316%−$32 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: OKX is 0.049% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4625	0.0100	pay 0.0100% / 8h	49m 19s	$1.8M	$3.7M	50x
Short	OKX WLD-USDT-SWAP	0.4625	0.0100	get 0.0100% / 8h	49m 19s	$34.5M	$143.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.049%: $4.9
Slippage, 4 orders: −$80.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$97.75
Costs to cover: 1.026%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	8.64 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.08 bp	8.0 bp −$8	13.6 bp −$136	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	−0.0239%	8h	0.4627	+0.043%	$42K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4627	+0.040%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4626	+0.022%	$112K	$884K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4628	+0.069%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0012%	8h	0.4625	0.000%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0018%	8h	0.4627	+0.043%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0070%	1h	0.4629	+0.097%	$279K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4627	+0.054%	$196K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4630	+0.108%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4626	+0.031%	$87.7M	$298.9M	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	0.4625	0.000%	$66.2M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4625	0.000%	$34.5M	$143.4M	50x
Gate WLD_USDT	+0.0100%	8h	0.4626	+0.022%	$7.5M	$35.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4628	+0.065%	$50.4M	$51.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4624	−0.022%	$30.5M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4628	+0.065%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4622	−0.061%	$130K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	+0.042%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4630	+0.103%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4636	+0.238%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4637	+0.259%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4631	+0.132%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4632	+0.151%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4626	+0.022%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4620	−0.108%	$872K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4625	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4625	−0.007%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4627	+0.054%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4632	+0.162%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4627	+0.041%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4627	+0.043%	$4.9M	$828K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0261% / S −0.2221%	1h	0.4628	+0.058%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4634	+0.203%	$332	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.281%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4630	+0.108%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0648%	1h	0.4636	+0.234%	$50.5M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4629	+0.078%	$921K	$2.6M	50x	as long as short
Lighter WLD	+0.1728%	1h	0.4639	+0.303%	$5.3M	$2.0M	10x	as long as short