Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0403%/8h= +44.1% APRpaid last 24h +0.066%

Price spread now: Kraken Futures against Variational Omni+0.779%7-day average +0.063% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.779%, 7d avg +0.063%

Together, before fees−0.477%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.715% dearer against Variational Omni than usual: you sell high and buy low: +$72 more if the spread goes back to its 7-day average of +0.063%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.006% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLD	0.4475	0.0100	pay 0.0100% / 8h	2h 21m	$2.0M	$1.7M	—
Short	Kraken Futures PF_WLDUSD	0.4510	0.0503	get 0.0063% / 1h	21m 09s	$858K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.779%Rate

Funding earned: $84.53
Price spread: +0.779% → +0.063%: $71.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $146.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	4.46 bp	doesn't fit	15.6 bp −$156	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	4.46 bp	15.9 bp −$16	26.1 bp −$261	970.5 bp −$97.1K	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
Nado WLD-PERP	−0.0056%	1h	0.4514	+0.877%	$242K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4512	+0.836%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4512	+0.832%	$59K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4513	+0.850%	$65K	—	150x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4516	+0.913%	$323	$55	5x	as long as short
Polymarket Perps WLD-USD	+0.0047%	1h	0.4513	+0.850%	$43K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0049%	8h	0.4507	+0.720%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4512	+0.841%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4510	+0.787%	$28K	$798K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4506	+0.708%	$225K	$1.1M	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	0.4514	+0.866%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4508	+0.743%	$85.8M	$338.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4508	+0.743%	$64.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4512	+0.832%	$34.1M	$153.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4513	+0.855%	$7.4M	$37.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4514	+0.877%	$39.0M	$55.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4512	+0.832%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4513	+0.855%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	+0.808%	$134K	$300K	10x	as long as short
Variational Omni WLDlong	+0.0100%	8h	0.4475	long leg	$2.0M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4484	+0.196%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4491	+0.358%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4482	+0.162%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4514	+0.877%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4508	+0.743%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	+0.810%	$826K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4508	+0.743%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4507	+0.726%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4510	+0.796%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4514	+0.883%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4514	+0.886%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.855%	$6K	$185K	5.5x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0194%	1h	0.4511	+0.810%	$144K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	+0.814%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4507	+0.720%	$4.8M	$915K	75x	as long as short
Hyperliquid WLD	+0.0252%	1h	0.4518	+0.957%	$48.8M	$44.0M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0503%	1h	0.4510	+0.779%	$858K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4518	+0.966%	$275K	$1.7M	50x	as long as short