Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.019%

Price spread now: Aster against Phoenix−0.517%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.517% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.517% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 36 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4542	0.0052	pay 0.0006% / 1h	13m 11s	$5K	$52K	10x
Short	Aster WLDUSDT	0.4518	0.0100	get 0.0100% / 8h	2h 13m	$214K	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now −0.517%Rate

Funding earned: $10.14
Price spread: −0.517% → 0.000%: −$51.69
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$56.55
Costs to cover: 0.150%
Break-even: 46.0 days

Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 10 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster live order book, 10 min ago	2.20 bp	12.5 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit

Phoenix: 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	−0.0482%	8h	0.4519	−0.504%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0019%	8h	0.4516	−0.570%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4511	−0.680%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4520	−0.488%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4518	−0.526%	$122K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	−0.233%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	−0.536%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4520	−0.488%	$270K	$168K	5x	as long as short
Phoenix WLDlong	+0.0052%	1h	0.4542	long leg	$5K	$52K	10x
OKX WLD-USDT-SWAP	+0.0080%	8h	0.4515	−0.592%	$33.7M	$137.3M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0088%	8h	0.4514	−0.614%	$52.2M	$48.0M	300x	as long as short
Binance WLDUSDT	+0.0089%	8h	0.4515	−0.592%	$84.8M	$293.0M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4517	−0.537%	$46.3M	$41.2M	10x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4518	−0.517%	$214K	$982K	50x
Pacifica WLD	+0.0100%	1h	0.4520	−0.472%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4515	−0.592%	$64.4M	$80.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	−0.636%	$7.3M	$34.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4514	−0.614%	$30.0M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4514	−0.614%	—	$68.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4517	−0.553%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4531	−0.242%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	−0.064%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	−0.196%	$54K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4517	−0.546%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	−0.438%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4514	−0.614%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	−0.570%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4515	−0.592%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4515	−0.590%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	−0.567%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	−0.585%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0209%	8h	0.4518	−0.526%	$4.9M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4516	−0.559%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0320%	1h	0.4524	−0.394%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.002%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4533	−0.196%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0960%	1h	0.4525	−0.363%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4518	−0.516%	$920K	$2.6M	50x	as long as short