Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: BingX against Extended−0.076%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.076%, 7d avg +0.038%

Together, before fees−0.213%+ Points / potential airdropExtended: Active · farm board−$21 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: BingX is 0.114% cheaper against Extended than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4521	0.0104	pay 0.0013% / 1h	14m 19s	$208K	$880K	10x
Short	BingX WLD-USDT	0.4518	0.0100	get 0.0100% / 8h	14m 19s	—	$72.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → +0.038%: −$11.37
Slippage, 4 orders: −$6.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$33.7
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Extended: live order book, 49 min ago; BingX: 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 Extended live order book, 49 min ago	1.10 bp	3.6 bp −$4	12.1 bp −$121	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.11 bp	8.1 bp −$8	11.5 bp −$115	29.1 bp −$2,907	97.8 bp −$48.9K

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	0.4508	−0.297%	$6K	$185K	5.5x	as long as short
Nado WLD-PERP	−0.0018%	1h	0.4515	−0.153%	$234K	$175K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4518	−0.068%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4514	−0.164%	$51K	$4.6M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4520	−0.029%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4524	+0.057%	$27K	$671K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4520	−0.032%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4520	−0.041%	$54K	$546K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4518	−0.081%	$86.6M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4521	−0.010%	$64.0M	$89.5M	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	0.4522	+0.012%	$34.1M	$151.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4516	−0.120%	$7.0M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4515	−0.142%	$41.4M	$57.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4516	−0.120%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4523	+0.035%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4518	−0.076%	—	$72.6M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4515	−0.153%	$131K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4512	−0.213%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4508	−0.301%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4507	−0.311%	$606K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	−0.209%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4516	−0.125%	$50K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4521	−0.010%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4523	+0.035%	$221	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4511	−0.231%	$825K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4523	+0.035%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4521	long leg	$208K	$880K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.086%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4508	−0.289%	—	—	20x	as long as short
Lighter WLD	+0.0176%	1h	0.4523	+0.043%	$4.9M	$2.9M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4507	−0.315%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.079%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4517	−0.092%	$323	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4511	−0.228%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4510	−0.253%	$4.8M	$901K	75x	as long as short
Hyperliquid WLD	+0.0398%	1h	0.4520	−0.025%	$50.2M	$43.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4525	+0.079%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4525	+0.084%	$867K	$2.8M	50x	as long as short