Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.047%

Price spread now: BloFin against Phoenix−0.331%106s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.331% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.331% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4587	0.0124	pay 0.0015% / 1h	21m 22s	$5K	$53K	10x
Short	BloFin WLD-USDT	0.4572	0.0220	get 0.0220% / 8h	1h 21m	$4.9M	$813K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.331%Rate

Funding earned: $20.17
Price spread: −0.331% → 0.000%: −$33.14
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.97
Costs to cover: 0.190%
Break-even: 18.1 days

Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	2.19 bp	9.7 bp −$10	11.3 bp −$113	28.5 bp −$2,855	97.4 bp −$48.7K

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	−0.0319%	8h	0.4573	−0.310%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.780%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4584	−0.062%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	−0.157%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0001%	8h	0.4580	−0.157%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4581	−0.133%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0004%	8h	0.4578	−0.201%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0050%	1h	0.4581	−0.135%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.016%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4581	−0.125%	$201K	$986K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4584	−0.076%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4580	−0.155%	$86.6M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4580	−0.157%	$65.6M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.179%	$34.2M	$141.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4581	−0.135%	$7.5M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.179%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4581	−0.135%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	−0.157%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4585	−0.052%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	−0.055%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.100%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.017%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4581	−0.137%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	−0.048%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	−0.157%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	−0.201%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	−0.157%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4578	−0.198%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4580	−0.152%	$31K	$5K	3x	as long as short
Phoenix WLDlong	+0.0124%	1h	0.4587	long leg	$5K	$53K	10x
Reya WLDRUSDPERP	+0.0134%	1h	0.4578	−0.202%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	−0.066%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4572	−0.331%	$4.9M	$813K	75x
01 Exchange WLDUSD	+0.0248%	1h	0.4586	−0.028%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4580	−0.158%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	−0.026%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0776%	1h	0.4584	−0.061%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0952%	1h	0.4595	+0.172%	$5.2M	$2.1M	10x	as long as short