Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −0.080%

Price spread now: 01 Exchange against Phemex+0.026%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 01 Exchange

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and 01 Exchange is 0.026% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4561	0.0100	pay 0.0100% / 8h	2h 23m	$1.8M	$3.8M	50x
Short	01 Exchange WLDUSD	0.4562	0.0384	get 0.0048% / 1h	23m 35s	$326	$77	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.026%Rate

Funding earned: $59.64
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $43.27
Costs to cover: 0.190%
Break-even: 1.9 days

Slippage unknown: Phemex: live order book, 5 min ago; 01 Exchange: 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, 5 min ago	6.57 bp	44.2 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0446%	8h	0.4563	+0.044%	$44K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0023%	8h	0.4559	−0.044%	$28K	$917K	10x	as long as short
Variational Omni WLD	−0.0017%	8h	0.4577	+0.358%	$2.1M	$1.6M	—	as long as short
dYdX WLD-USD	0.0000%	1h	0.4561	+0.009%	$156K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4561	0.000%	$128K	$903K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4561	+0.011%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0007%	8h	0.4557	−0.088%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0036%	1h	0.4557	−0.077%	$272K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4571	+0.228%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0070%	8h	0.4558	−0.066%	$34.1M	$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	0.4564	+0.070%	$47.2M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4565	+0.092%	$216K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4560	−0.022%	$51K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4559	−0.054%	$85.7M	$292.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4559	−0.044%	$65.2M	$80.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4558	−0.066%	$7.5M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4558	−0.066%	$53.8M	$47.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4557	−0.088%	$30.2M	$25.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4559	−0.044%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4562	+0.013%	$129K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.182%	$27K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4575	+0.306%	$613K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4572	+0.241%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4557	−0.086%	$54K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4564	+0.066%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4560	−0.022%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4568	+0.153%	$862K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4561	long leg	$1.8M	$3.8M	50x
Extended WLD-USD	+0.0104%	1h	0.4557	−0.079%	$134K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4568	+0.153%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4557	−0.090%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4561	−0.010%	$12K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4560	−0.022%	$4.9M	$810K	75x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.337%	$6K	$139K	5.5x	as long as short
01 Exchange WLDUSDshort	+0.0384%	1h	0.4562	+0.026%	$326	$77	5x
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4578	+0.373%	$280K	$1.6M	50x	as long as short
Lighter WLD	+0.1000%	1h	0.4567	+0.138%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1093%	1h	0.4564	+0.065%	$924K	$2.6M	50x	as long as short