Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Phemex0.000%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4522	0.0100	pay 0.0100% / 8h	7h 46m	$1.7M	$3.6M	50x
Short	SoDEX WLD-USD	0.4522	0.0100	get 0.0013% / 1h	46m 02s	$214	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; SoDEX: 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, 3 min ago	3.31 bp	34.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Nado WLD-PERP	−0.0007%	1h	0.4522	−0.006%	$235K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4523	+0.022%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.022%	$118K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.020%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0028%	1h	0.4526	+0.083%	$154K	$32K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4522	0.000%	$27K	$620K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	+0.042%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4526	+0.080%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4521	−0.031%	$86.7M	$333.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4520	−0.044%	$63.9M	$89.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	−0.022%	$34.2M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4522	0.000%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4522	0.000%	$42.0M	$55.6M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4520	−0.044%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4522	0.000%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4521	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	+0.024%	$132K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	+0.017%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.053%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.087%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4524	+0.044%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4523	+0.022%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4530	+0.177%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USDshort	+0.0100%	1h	0.4522	0.000%	$214	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4522	0.000%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4522	long leg	$1.7M	$3.6M	50x
Extended WLD-USD	+0.0104%	1h	0.4520	−0.042%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.029%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.310%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4521	−0.027%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0184%	1h	0.4528	+0.128%	$324	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4523	+0.029%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	+0.010%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4526	+0.088%	$4.4M	$911K	75x	as long as short
Hyperliquid WLD	+0.0229%	1h	0.4526	+0.082%	$50.1M	$43.1M	10x	as long as short
Lighter WLD	+0.0264%	1h	0.4528	+0.128%	$4.9M	$2.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0303%	1h	0.4524	+0.036%	$870K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4527	+0.111%	$269K	$1.6M	50x	as long as short