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% APRpaid last 24h 0.000%

Price spread now: Phemex against edgeX−0.224%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1171.168% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.224%, 7d avg +0.044%

Together, before fees+0.396%+ Points / potential airdropedgeX: Active · farm board+$40 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 0.268% cheaper against edgeX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4528	0.0100	pay 0.0050% / 4h	36m 31s	$27K	$320K	20x
Short	Phemex WLDUSDT	0.4518	0.0100	get 0.0100% / 8h	36m 31s	$1.7M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now −0.224%Rate

Funding earned: $0
Price spread: −0.224% → +0.044%: −$26.79
Slippage, 4 orders: −$95.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$143.55
Costs to cover: 1.168%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Phemex: 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 edgeX live order book, 2 min ago	4.43 bp	8.9 bp −$9	17.5 bp −$175	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	11.04 bp	44.9 bp −$45	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	+0.064%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0032%	1h	0.4512	−0.345%	$235K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4514	−0.310%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	−0.157%	$50K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4518	−0.228%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4518	−0.224%	$27K	$708K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4515	−0.296%	$224K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4516	−0.262%	$49K	$531K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4512	−0.347%	$86.5M	$333.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4512	−0.356%	$64.2M	$89.4M	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	0.4513	−0.334%	$34.2M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4512	−0.356%	$7.1M	$35.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4512	−0.356%	$41.7M	$56.3M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	−0.268%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4510	−0.400%	$29.8M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4510	−0.400%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4520	−0.184%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4541	+0.276%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4528	long leg	$27K	$320K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4531	+0.060%	$605K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4544	+0.351%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	−0.204%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4525	−0.069%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4518	−0.224%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4517	−0.246%	$826K	$1.5M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4518	−0.224%	$1.7M	$3.6M	50x
Extended WLD-USD	+0.0104%	1h	0.4508	−0.439%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4520	−0.177%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4516	−0.263%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4523	−0.111%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4553	+0.549%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0193%	1h	0.4519	−0.201%	$140K	$979K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4518	−0.234%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4517	−0.246%	$4.8M	$903K	75x	as long as short
01 Exchange WLDUSD	+0.0232%	1h	0.4514	−0.316%	$323	$55	5x	as long as short
Hyperliquid WLD	+0.0433%	1h	0.4523	−0.109%	$50.3M	$43.8M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4522	−0.135%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4518	−0.229%	$864K	$2.8M	50x	as long as short