Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Phoenix against Extended−0.043%68s7-day average — · you buy dearer than you sell

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

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.424%−$42 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.043% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4572	0.0104	pay 0.0013% / 1h	22m 11s	$233K	$845K	10x
Short	Phoenix WLD	0.4570	0.0104	get 0.0013% / 1h	22m 11s	$5K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0.02
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$16.24
Costs to cover: 0.120%
Break-even: 7099.5 days

Slippage unknown: Extended: live order book, 56 min ago; Phoenix: no order-book sample. 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 Extended live order book, 56 min ago	2.18 bp	6.7 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0194%	8h	0.4569	−0.060%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	−0.097%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4575	+0.071%	$113K	$886K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	+0.057%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4571	−0.016%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0031%	8h	0.4573	+0.027%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0041%	1h	0.4572	+0.006%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4573	+0.028%	$191K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4568	−0.082%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4570	−0.029%	$86.2M	$302.0M	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	0.4570	−0.038%	$65.5M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4569	−0.060%	$34.2M	$142.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4572	+0.006%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4570	−0.038%	$45.3M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4571	−0.016%	$30.1M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4571	−0.016%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	+0.006%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4574	+0.049%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4563	−0.196%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.319%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4562	−0.213%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4578	+0.132%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4577	+0.115%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4571	−0.016%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4570	−0.038%	$851K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4573	+0.027%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4572	long leg	$233K	$845K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4573	+0.038%	$31K	$5K	3x	as long as short
Phoenix WLDshort	+0.0104%	1h	0.4570	−0.043%	$5K	$53K	10x
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	+0.026%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4569	−0.060%	$4.9M	$823K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4575	+0.067%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4579	+0.154%	$328	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.443%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4575	+0.071%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0464%	1h	0.4582	+0.213%	$49.6M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0719%	1h	0.4573	+0.034%	$901K	$2.7M	50x	as long as short
Lighter WLD	+0.1392%	1h	0.4582	+0.216%	$5.2M	$2.0M	10x	as long as short