Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.046%

Price spread now: Phemex against 01 Exchange−0.127%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.127% cheaper against 01 Exchange than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange WLDUSD	0.4732	0.0328	pay 0.0041% / 1h	49m 54s	$339	$77	5x
Short	Phemex WLDUSDT	0.4726	0.0100	get 0.0100% / 8h	6h 49m	$1.9M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$47.88
Price spread: −0.127% → 0.000%: −$12.68
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$79.56
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	11.71 bp	55.1 bp −$55	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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
ApeX Omni WLDUSDT	−0.0349%	1h	0.4701	−0.655%	$51K	$243K	50x	as long as short
Injective WLD/USDC PERP	−0.0235%	1h	0.4675	−1.205%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERP	−0.0155%	8h	0.4724	−0.169%	$30K	$4.2M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0025%	8h	0.4729	−0.063%	$7.1M	$11.4M	50x	as long as short
Nado WLD-PERP	−0.0007%	1h	0.4724	−0.158%	$274K	$178K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4719	−0.269%	$161K	$19K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4725	−0.148%	$67K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0053%	8h	0.4725	−0.148%	$29K	$899K	10x	as long as short
Phoenix WLD	+0.0068%	1h	0.4715	−0.361%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4726	−0.127%	$183K	$1.0M	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	0.4719	−0.268%	$55K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4728	−0.085%	$90.5M	$318.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4733	+0.021%	$68.1M	$85.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4731	−0.021%	$35.8M	$153.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4727	−0.106%	$7.5M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4729	−0.063%	$48.4M	$54.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4732	0.000%	$31.6M	$28.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4730	−0.042%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4733	+0.017%	$141K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4706	−0.554%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4688	−0.920%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4708	−0.515%	$623K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4730	−0.046%	$69K	$1.9M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4732	0.000%	$24K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4729	−0.063%	$225	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4721	−0.232%	$894K	$1.9M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4726	−0.127%	$1.9M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4729	−0.055%	$218K	$879K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4728	−0.095%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4724	−0.174%	—	—	20x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0173%	1h	0.4729	−0.063%	$133K	$909K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4696	−0.761%	$5.0M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0240% / S −0.1538%	1h	0.4726	−0.133%	$6K	—	100x	as long as short
01 Exchange WLDUSDlong	+0.0328%	1h	0.4732	long leg	$339	$77	5x
Coinbase International WLD-PERP-INTX	+0.0456%	1h	0.4728	−0.085%	$278K	$1.7M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0633%	1h	0.4732	−0.011%	$939K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0734%	1h	0.4738	+0.127%	$53.1M	$44.5M	10x	as long as short
Lighter WLD	+0.0800%	1h	0.4737	+0.097%	$5.4M	$2.1M	10x	as long as short