Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.025%

Price spread now: Orderly against Polymarket Perps−0.039%7-day average −0.019% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.039%, 7d avg −0.019%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4601	0.0100	pay 0.0013% / 1h	42m 06s	$47K	$1.7M	10x
Short	Orderly PERP_WLD_USDC	0.4599	−0.0006	pay 0.0006% / 8h	1h 42m	$28K	$914K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.039%Rate

Funding earned: −$22.2
Price spread: −0.039% → −0.019%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.22
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Orderly: 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 Polymarket Perps live order book, 1 min ago	3.05 bp	7.7 bp −$8	7.9 bp −$79	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0410%	8h	0.4593	−0.170%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4522	−1.713%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDCshort	−0.0006%	8h	0.4599	−0.039%	$28K	$914K	10x
KuCoin WLDUSDTM	−0.0002%	8h	0.4598	−0.061%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4596	−0.104%	$157K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4601	+0.004%	$107K	$906K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4600	−0.012%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0051%	8h	0.4581	−0.429%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0070%	1h	0.4595	−0.131%	$277K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4600	−0.014%	$216K	$974K	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	0.4597	−0.086%	$52K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4600	−0.017%	$86.9M	$294.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4599	−0.039%	$65.7M	$80.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4599	−0.039%	$34.5M	$140.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4600	−0.017%	$7.5M	$34.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4601	+0.004%	$49.2M	$51.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4598	−0.061%	$30.3M	$25.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4600	−0.017%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4602	+0.017%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4593	−0.176%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4594	−0.148%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4597	−0.083%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4601	long leg	$47K	$1.7M	10x
SunX WLD-USDT	+0.0100%	8h	0.4605	+0.091%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4600	−0.017%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	−0.104%	$867K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4601	+0.004%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4597	−0.079%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4600	−0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4577	−0.522%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4599	−0.047%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0185%	1h	0.4605	+0.102%	$924K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4599	−0.039%	$4.8M	$820K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4600	−0.009%	$329	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4601	+0.002%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4605	+0.091%	$275K	$1.6M	50x	as long as short
Lighter WLD	+0.0960%	1h	0.4611	+0.226%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1172%	1h	0.4607	+0.137%	$50.2M	$43.2M	10x	as long as short