Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.037%

Price spread now: Injective against Binance+0.044%77s7-day average +0.221% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.671%+$67 · spread now +0.044%, 7d avg +0.221%

Together, before fees+0.686%+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.176% cheaper against Binance than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.221%). If the spread goes back, that is −$18 on $10k: about 2 months of funding at the current rate ($0 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLDUSDT	0.4506	0.0100	pay 0.0100% / 8h	7h 36m	$86.2M	$333.2M	75x
Short	Injective WLD/USDC PERP	0.4508	0.0109	get 0.0014% / 1h	36m 00s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.044%Rate

Funding earned: $1.99
Price spread: +0.044% → +0.221%: −$17.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.66
Costs to cover: 0.100%
Break-even: 97.1 days

Slippage unknown: Binance: live order book, 8 min ago; Injective: live order book, 28 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 Binance live order book, 8 min ago	1.11 bp	6.3 bp −$6	11.9 bp −$119	56.1 bp −$5,608	243.2 bp −$121.6K
Sell Injective live order book, 28 min ago	56.75 bp	doesn't fit	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
Nado WLD-PERP	−0.0014%	1h	0.4502	−0.089%	$234K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4506	0.000%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4509	+0.067%	$118K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4507	+0.016%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4507	+0.022%	$27K	$594K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4508	+0.035%	$227K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4508	+0.041%	$54K	$542K	5x	as long as short
Binance WLDUSDTlong	+0.0100%	8h	0.4506	long leg	$86.2M	$333.2M	75x
Bybit WLDUSDT	+0.0100%	8h	0.4503	−0.067%	$63.7M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4505	−0.022%	$34.1M	$149.2M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4505	−0.022%	$7.1M	$34.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4506	0.000%	$42.0M	$55.9M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4507	+0.022%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4506	0.000%	$29.7M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4505	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4507	+0.024%	$131K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4501	−0.116%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4504	−0.035%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4503	−0.067%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4504	−0.044%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4503	−0.067%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4510	+0.089%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4509	+0.067%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4505	−0.022%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4509	+0.067%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4504	−0.049%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4510	+0.089%	$31K	$500	3x	as long as short
Injective WLD/USDC PERPshort	+0.0109%	1h	0.4508	+0.044%	$6K	$185K	5.5x
dYdX WLD-USD	+0.0123%	1h	0.4508	+0.035%	$154K	$32K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	+0.034%	—	—	20x	as long as short
Hyperliquid WLD	+0.0140%	1h	0.4511	+0.104%	$50.0M	$43.1M	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4506	+0.007%	$322	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4514	+0.180%	$4K	$44K	10x	as long as short
Lighter WLD	+0.0208%	1h	0.4512	+0.129%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4507	+0.014%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4514	+0.178%	$4.4M	$909K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0304%	1h	0.4512	+0.126%	$866K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4513	+0.155%	$268K	$1.6M	50x	as long as short