Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.367%249s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.367% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.367% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 13 days of funding at the current rate (+$3 a day). The two prices were read 249 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	gTrade (Gains Network) WLD/USD	0.4556	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	56m 07s	$66K	—	150x
Short	HTX WLD-USDT	0.4539	0.0100	get 0.0100% / 8h	6h 56m	$832K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.367%Rate

Funding earned: $20.33
Price spread: −0.367% → 0.000%: −$36.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.37
Costs to cover: 0.220%
Break-even: 20.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	15.43 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Nado WLD-PERP	−0.0048%	1h	0.4537	−0.400%	$235K	$170K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4532	−0.521%	$41K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4533	−0.499%	$119K	$973K	25x	as long as short
gTrade (Gains Network) WLD/USDlong	L +0.0003% / S −0.0003%	1h	0.4556	long leg	$66K	—	150x
Injective WLD/USDC PERP	+0.0033%	1h	0.4508	−1.047%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0088%	1h	0.4542	−0.290%	$325	$55	5x	as long as short
Lighter WLD	+0.0096%	1h	0.4539	−0.367%	$4.9M	$3.0M	10x	as long as short
dYdX WLD-USD	+0.0097%	1h	0.4539	−0.364%	$155K	$31K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4534	−0.477%	$27K	$494K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4531	−0.539%	$215K	$1.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4545	−0.236%	$56K	$540K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4524	−0.696%	$86.4M	$330.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4525	−0.674%	$65.0M	$89.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	−0.762%	$34.3M	$148.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4529	−0.587%	$7.1M	$32.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4529	−0.587%	$41.4M	$55.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4532	−0.521%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4526	−0.652%	$29.8M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4529	−0.587%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	−0.587%	$127K	$282K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4549	−0.155%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4551	−0.107%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4554	−0.036%	$601K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4555	−0.016%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4539	−0.367%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4546	−0.213%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4533	−0.499%	$226	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4539	−0.367%	$832K	$1.3M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4533	−0.499%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4531	−0.538%	$215K	$803K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4536	−0.428%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4532	−0.529%	—	—	20x	as long as short
Hyperliquid WLD	+0.0138%	1h	0.4534	−0.470%	$50.4M	$43.2M	10x	as long as short
Phoenix WLD	+0.0194%	1h	0.4545	−0.233%	$4K	$43K	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0201%	1h	0.4535	−0.449%	$899K	$2.7M	50x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4535	−0.447%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4537	−0.411%	$4.4M	$945K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0416%	1h	0.4542	−0.301%	$268K	$1.5M	50x	as long as short