Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.046%
Price spread now: Hyperliquid against Extended+0.190%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.260% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.225%−$22 on $10k
Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.190%, 7d avg +0.156%
Together, before fees−0.206%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$21 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 Hyperliquid is 0.034% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.156%. Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WLD-USD0.45110.0104pay 0.0013% / 1h54m 06s$208K$878K10x
ShortHyperliquid WLD0.45190.0344get 0.0043% / 1h54m 06s$50.2M$43.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$50.42
Price spread: +0.190% → +0.156%
$3.41
Slippage, 4 orders
−$11.99
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$27.84
Costs to cover
0.260%
Break-even
3.1 days
Slippage from Extended: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago2.21 bp4.8 bp −$512.3 bp −$123doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.77 bp6.7 bp −$7doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX WLD-USD0.0000%1h0.4517+0.143%$154K$32K10xas long as short
Kalshi KXWLDPERP0.0000%8h0.4517+0.139%$40K$4.6M1.7xas long as short
Deribit WLD_USDC-PERPETUAL0.0000%1h0.4515+0.095%$119K$1.0M25xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4515+0.101%$65K150xas long as short
Nado WLD-PERP+0.0014%1h0.4519+0.195%$234K$175K5xas long as short
Bybit WLDUSDT+0.0058%8h0.4512+0.029%$63.8M$89.4M50xas long as short
Orderly PERP_WLD_USDC+0.0099%8h0.4514+0.073%$27K$631K10xas long as short
Aster WLDUSDT+0.0100%8h0.4516+0.115%$227K$1.0M50xas long as short
Pacifica WLD+0.0100%1h0.4517+0.140%$54K$543K5xas long as short
Binance WLDUSDT+0.0100%8h0.4514+0.074%$86.6M$333.2M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX WLD-USDT-SWAP+0.0100%8h0.4514+0.073%$34.2M$150.0M50xas long as short
Gate WLD_USDT+0.0100%8h0.4514+0.073%$7.1M$34.5M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4514+0.073%$41.8M$55.5M300xas long as short
KuCoin WLDUSDTM+0.0100%8h0.4511+0.006%$6.6M$11.6M50xas long as short
Bitget WLDUSDT+0.0100%8h0.4514+0.073%$29.8M$31.0M75xas long as short
BingX WLD-USDT+0.0100%8h0.4514+0.073%$20.2Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4515+0.102%$131K$298K10xas long as short
Variational Omni WLD+0.0100%8h0.4509−0.043%$2.1M$1.5Mas long as short
edgeX WLDUSDC+0.0100%4h0.4529+0.409%$27K$320K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4528+0.376%$601K$2.1M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4521+0.228%$48K$238K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4519+0.184%$49K$2.7M10xas long as short
SunX WLD-USDT+0.0100%8h0.4526+0.339%$22K$1.6M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4514+0.073%$218$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4520+0.206%$827K$1.5M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4514+0.073%$1.7M$3.6M50xas long as short
Extended WLD-USDlong+0.0104%1h0.4511long leg$208K$878K10x
Aevo WLD-PERP+0.0104%1h0.4515+0.095%$31K$5003xas long as short
Injective WLD/USDC PERP+0.0109%1h0.4508−0.060%$6K$185K5.5xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4514+0.068%20xas long as short
Phoenix WLD+0.0177%1h0.4530+0.421%$4K$44K10xas long as short
GMX WLD/USD [ETH-USDC]L +0.0219% / S −0.0967%1h0.4515+0.086%$4K100xas long as short
BloFin WLD-USDT+0.0220%8h0.4511+0.006%$4.4M$895K75xas long as short
01 Exchange WLDUSD+0.0224%1h0.4518+0.164%$323$555xas long as short
Kraken Futures PF_WLDUSD+0.0303%1h0.4515+0.102%$868K$2.8M50xas long as short
Lighter WLD+0.0328%1h0.4519+0.190%$4.9M$2.9M10xas long as short
Hyperliquid WLDshort+0.0344%1h0.4519+0.190%$50.2M$43.0M10x
Coinbase International WLD-PERP-INTX+0.0440%1h0.4525+0.317%$269K$1.6M50xas long as short