Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.006%

Price spread now: Injective against BloFin−0.044%7-day average +0.192% · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.044%, 7d avg +0.192%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.236% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.192%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WLD-USDT	0.4543	0.0220	pay 0.0220% / 8h	1h 49m	$4.8M	$938K	75x
Short	Injective WLD/USDC PERP	0.4541	0.0132	get 0.0017% / 1h	49m 57s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$18.4
Price spread: −0.044% → +0.192%: −$23.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$54.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Injective: live order book, 24 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 BloFin live order book, 4 min ago	5.51 bp	12.2 bp −$12	17.1 bp −$171	42.7 bp −$4,274	126.2 bp −$63.1K
Sell Injective live order book, 24 min ago	59.67 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	−0.0015%	1h	0.4533	−0.209%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4542	−0.027%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4544	+0.022%	$64K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4546	+0.063%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0082%	8h	0.4539	−0.088%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4543	0.000%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4543	+0.006%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4544	+0.018%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4542	−0.012%	$86.7M	$339.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4543	0.000%	$64.9M	$91.7M	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	0.4547	+0.088%	$34.4M	$155.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4542	−0.022%	$7.2M	$36.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4541	−0.044%	$40.2M	$56.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4538	−0.110%	$29.9M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4542	−0.022%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4547	+0.081%	$132K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	−0.050%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4536	−0.157%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4541	−0.044%	$603K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4537	−0.132%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4545	+0.051%	$63K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4551	+0.176%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4545	+0.044%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.088%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4546	+0.066%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4537	−0.137%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4545	+0.039%	$31K	$500	3x	as long as short
Injective WLD/USDC PERPshort	+0.0132%	1h	0.4541	−0.044%	$6K	$185K	5.5x
Reya WLDRUSDPERP	+0.0134%	1h	0.4546	+0.072%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4547	+0.084%	$325	$55	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4533	−0.229%	$5K	$44K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0190%	1h	0.4547	+0.088%	$151K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4545	+0.046%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4543	long leg	$4.8M	$938K	75x
Lighter WLD	+0.0288%	1h	0.4551	+0.178%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4553	+0.220%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0774%	1h	0.4551	+0.167%	$49.9M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1041%	1h	0.4546	+0.064%	$865K	$2.9M	50x	as long as short