Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Polymarket Perps−0.185%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.185%, 7d avg −0.013%

Together, before fees+0.420%+$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.172% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4585	0.0100	pay 0.0013% / 1h	36m 06s	$47K	$1.7M	10x
Short	Phemex WLDUSDT	0.4576	0.0100	get 0.0100% / 8h	1h 36m	$1.8M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.013%: −$17.24
Slippage, 4 orders: −$98.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$135.6
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Phemex: live order book, 3 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	3.37 bp	7.4 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	10.88 bp	59.3 bp −$59	doesn't fit	doesn't fit	doesn't fit

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	−0.0374%	8h	0.4582	−0.055%	$44K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+0.840%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	−0.0004%	8h	0.4584	−0.011%	$28K	$914K	10x	as long as short
KuCoin WLDUSDTM	−0.0003%	8h	0.4583	−0.033%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4587	+0.062%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4585	+0.011%	$107K	$890K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4584	−0.004%	$57K	—	150x	as long as short
Variational Omni WLD	+0.0046%	8h	0.4597	+0.272%	$2.1M	$1.6M	—	as long as short
Nado WLD-PERP	+0.0067%	1h	0.4585	0.000%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4582	−0.059%	$215K	$988K	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	0.4586	+0.039%	$51K	$480K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4581	−0.074%	$86.9M	$296.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4581	−0.076%	$65.9M	$81.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4579	−0.120%	$34.3M	$140.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4578	−0.142%	$7.5M	$35.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4579	−0.120%	$49.2M	$51.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4579	−0.120%	$30.2M	$25.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4580	−0.098%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4581	−0.081%	$127K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.700%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4608	+0.510%	$628K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4625	+0.883%	$56K	$226K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4585	long leg	$47K	$1.7M	10x
SunX WLD-USDT	+0.0100%	8h	0.4590	+0.120%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4581	−0.076%	$202	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4583	−0.033%	$865K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4576	−0.185%	$1.8M	$3.8M	50x
Extended WLD-USD	+0.0104%	1h	0.4583	−0.027%	$241K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4583	−0.033%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4603	+0.412%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4583	−0.034%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	−0.013%	$919K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	+0.011%	$4.9M	$815K	75x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4588	+0.076%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4583	−0.027%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.033%	$270K	$1.6M	50x	as long as short
Lighter WLD	+0.0904%	1h	0.4591	+0.144%	$5.2M	$2.1M	10x	as long as short
Hyperliquid WLD	+0.1039%	1h	0.4586	+0.033%	$49.9M	$43.1M	10x	as long as short