Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.020%

Price spread now: BloFin against Polymarket Perps−0.099%45s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)+0.471%+$47 · spread now −0.099%, 7d avg +0.004%

Together, before fees+0.674%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.103% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.004%). If the spread goes back, that is −$10 on $10k: about 2.9 days of funding at the current rate (+$4 a day). The two prices were read 45 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	Polymarket Perps WLD-USD	0.4550	0.0100	pay 0.0013% / 1h	31m 42s	$54K	$1.7M	10x
Short	BloFin WLD-USDT	0.4545	0.0220	get 0.0220% / 8h	2h 31m	$4.9M	$801K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.099%Rate

Funding earned: $25.2
Price spread: −0.099% → +0.004%: −$10.29
Slippage, 4 orders: −$18.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.75
Costs to cover: 0.387%
Break-even: 13.6 days

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: live order book, 2 min ago.

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 Polymarket Perps live order book, 2 min ago	3.19 bp	9.7 bp −$10	18.8 bp −$188	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.10 bp	7.1 bp −$7	10.4 bp −$104	43.2 bp −$4,317	111.0 bp −$55.5K

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	−0.0515%	8h	0.4551	+0.033%	$44K	$3.8M	1.7x	as long as short
Variational Omni WLD	−0.0030%	8h	0.4535	−0.311%	$2.1M	$1.6M	—	as long as short
Orderly PERP_WLD_USDC	−0.0025%	8h	0.4549	−0.011%	$28K	$917K	10x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4551	+0.039%	$155K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4550	+0.011%	$128K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4550	+0.022%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4550	+0.011%	$7.0M	$10.7M	50x	as long as short
Nado WLD-PERP	+0.0044%	1h	0.4547	−0.055%	$271K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4536	−0.303%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0062%	8h	0.4547	−0.055%	$34.0M	$137.9M	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	0.4555	+0.110%	$47.1M	$40.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4555	+0.113%	$215K	$981K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4551	+0.025%	$51K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4549	−0.005%	$85.7M	$292.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4548	−0.033%	$65.1M	$80.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4552	+0.055%	$7.5M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4549	−0.011%	$52.9M	$47.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4549	−0.011%	$30.1M	$25.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4549	−0.011%	—	$67.9M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4552	+0.062%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	−0.253%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4547	−0.051%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4543	−0.143%	$55K	$226K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4550	long leg	$54K	$1.7M	10x
SunX WLD-USDT	+0.0100%	8h	0.4556	+0.143%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4549	−0.011%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.033%	$858K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4550	+0.011%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4551	+0.044%	$133K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4550	+0.021%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4548	−0.026%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0217% / S −0.0307%	1h	0.4549	−0.003%	$12K	—	100x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4545	−0.099%	$4.9M	$801K	75x
Injective WLD/USDC PERP	+0.0374%	1h	0.4622	+1.594%	$6K	$139K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4556	+0.143%	$280K	$1.6M	50x	as long as short
01 Exchange WLDUSD	+0.0440%	1h	0.4554	+0.092%	$326	$77	5x	as long as short
Lighter WLD	+0.1040%	1h	0.4559	+0.204%	$5.1M	$2.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1096%	1h	0.4552	+0.058%	$922K	$2.6M	50x	as long as short