Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.024%

Price spread now: Coinbase International against BloFin+0.108%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.108%, 7d avg +0.031%

Together, before fees−0.385%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.077% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% 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	BloFin WLD-USDT	0.4626	0.0220	pay 0.0220% / 8h	46m 22s	$4.9M	$830K	75x
Short	Coinbase International WLD-PERP-INTX	0.4631	0.0440	get 0.0055% / 1h	46m 22s	$275K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.108%Rate

Funding earned: $46.2
Price spread: +0.108% → +0.031%: $7.7
Slippage, 4 orders: −$41.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.64
Costs to cover: 0.635%
Break-even: 8.5 days

Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 2 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 BloFin live order book, 2 min ago	1.08 bp	8.0 bp −$8	14.0 bp −$140	36.3 bp −$3,627	122.1 bp −$61.1K
Sell Coinbase International live order book, 2 min ago	9.70 bp	25.2 bp −$25	28.9 bp −$289	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	−0.0235%	8h	0.4631	+0.108%	$34K	$3.8M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4635	+0.203%	$165K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4627	+0.022%	$112K	$884K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	+0.609%	$58K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0014%	8h	0.4653	+0.584%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTM	+0.0020%	8h	0.4647	+0.454%	$7.1M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4644	+0.400%	$280K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4647	+0.446%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4638	+0.270%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4653	+0.573%	$88.2M	$299.3M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4654	+0.605%	$66.7M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4653	+0.584%	$34.7M	$144.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4651	+0.540%	$7.6M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4653	+0.584%	$50.5M	$51.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4647	+0.454%	$30.7M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4654	+0.605%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4629	+0.073%	$130K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4627	+0.020%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4628	+0.054%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4637	+0.232%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4637	+0.238%	$56K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4649	+0.495%	$43K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4632	+0.130%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4627	+0.022%	$205	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4624	−0.043%	$861K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4626	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4638	+0.252%	$237K	$859K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4656	+0.648%	$32K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4638	+0.253%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4645	+0.408%	—	—	20x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4626	long leg	$4.9M	$830K	75x
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4654	+0.611%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0304%	1h	0.4651	+0.532%	$333	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	−0.303%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0440%	1h	0.4631	+0.108%	$275K	$1.7M	50x
Hyperliquid WLD	+0.0670%	1h	0.4654	+0.607%	$50.7M	$42.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0710%	1h	0.4631	+0.102%	$922K	$2.6M	50x	as long as short
Lighter WLD	+0.1712%	1h	0.4650	+0.514%	$5.3M	$2.0M	10x	as long as short