Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h +0.025%

Price spread now: GRVT against Phoenix+0.017%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4653	0.0172	pay 0.0021% / 1h	16m 28s	$5K	$57K	10x
Short	GRVT WLD_USDT_Perp	0.4654	0.0100	get 0.0100% / 8h	5h 16m	$620K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$15.03
Price spread: +0.017% → 0.000%: $1.72
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; GRVT: 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 GRVT live order book, 2 min ago	2.16 bp	13.5 bp −$14	28.4 bp −$284	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	−0.0124%	8h	0.4635	−0.391%	$45K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0025%	8h	0.4639	−0.305%	$7.1M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4639	−0.303%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	−0.434%	$120K	$920K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4642	−0.245%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0012%	1h	0.4644	−0.198%	$269K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4644	−0.187%	$332	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0076%	8h	0.4637	−0.348%	$28K	$891K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4638	−0.330%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4639	−0.308%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4642	−0.235%	$88.1M	$326.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4641	−0.262%	$66.3M	$88.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4638	−0.327%	$35.1M	$150.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4640	−0.284%	$7.3M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4642	−0.241%	$45.8M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4641	−0.262%	$30.9M	$29.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4641	−0.262%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4638	−0.329%	$134K	$293K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4658	+0.095%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4652	−0.016%	$28K	$319K	20x	as long as short
GRVT WLD_USDT_Perpshort	+0.0100%	8h	0.4654	+0.017%	$620K	$1.9M	10x
ApeX Omni WLDUSDT	+0.0100%	1h	0.4663	+0.211%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4642	−0.245%	$55K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4639	−0.305%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4632	−0.456%	$177	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4634	−0.413%	$847K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4635	−0.391%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4640	−0.288%	$214K	$929K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4639	−0.294%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4639	−0.301%	—	—	20x	as long as short
Lighter WLD	+0.0168%	1h	0.4645	−0.183%	$5.0M	$2.3M	10x	as long as short
Phoenix WLDlong	+0.0172%	1h	0.4653	long leg	$5K	$57K	10x
BloFin WLD-USDT	+0.0220%	8h	0.4637	−0.348%	$4.9M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4641	−0.263%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0478%	1h	0.4649	−0.097%	$51.7M	$42.7M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4640	−0.284%	$274K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	−0.370%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0893%	1h	0.4636	−0.369%	$897K	$2.9M	50x	as long as short