Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Phemex against Aster+0.040%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.040%, 7d avg +0.012%

Together, before fees+0.150%+ Points / potential airdropAster: Stage 5 · farm board+$15 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 0.028% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLDUSDT	0.4508	0.0100	pay 0.0100% / 8h	19m 01s	$228K	$1.0M	50x
Short	Phemex WLDUSDT	0.4510	0.0100	get 0.0100% / 8h	19m 01s	$1.7M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.012%: $2.78
Slippage, 4 orders: −$79.92
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$97.14
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 5 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 Aster live order book, 4 min ago	2.22 bp	18.4 bp −$18	33.2 bp −$332	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.11 bp	32.8 bp −$33	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4531	+0.506%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0029%	1h	0.4508	−0.004%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4502	−0.133%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4504	−0.093%	$58K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4508	−0.006%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4508	−0.004%	$27K	$686K	10x	as long as short
Aster WLDUSDTlong	+0.0100%	8h	0.4508	long leg	$228K	$1.0M	50x
Pacifica WLD	+0.0100%	1h	0.4502	−0.143%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4508	−0.004%	$86.4M	$334.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4507	−0.026%	$63.8M	$89.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4508	−0.004%	$34.1M	$151.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4508	−0.004%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4509	+0.018%	$41.0M	$56.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4508	−0.004%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	+0.040%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4507	−0.026%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4511	+0.060%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4481	−0.609%	$2.0M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4485	−0.510%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4488	−0.448%	$590K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4490	−0.404%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4510	+0.029%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4514	+0.129%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4510	+0.040%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4501	−0.160%	$823K	$1.5M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4510	+0.040%	$1.7M	$3.6M	50x
Extended WLD-USD	+0.0104%	1h	0.4507	−0.019%	$207K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4511	+0.051%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4506	−0.048%	—	—	20x	as long as short
Lighter WLD	+0.0144%	1h	0.4514	+0.120%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4487	−0.459%	$4K	$43K	10x	as long as short
01 Exchange WLDUSD	+0.0208%	1h	0.4513	+0.116%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4508	−0.005%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4511	+0.062%	$4.8M	$906K	75x	as long as short
Hyperliquid WLD	+0.0390%	1h	0.4514	+0.138%	$50.2M	$43.3M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0415%	1h	0.4511	+0.062%	$136K	$986K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4512	+0.084%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0458%	1h	0.4512	+0.076%	$864K	$2.8M	50x	as long as short