Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.073%

Price spread now: Coinbase International against Gate+0.087%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.087%, 7d avg +0.074%

Together, before fees+0.349%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4589	0.0100	pay 0.0100% / 8h	4h 21m	$7.2M	$37.0M	75x
Short	Coinbase International WLD-PERP-INTX	0.4593	0.0496	get 0.0062% / 1h	21m 52s	$269K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.087%Rate

Funding earned: $83.16
Price spread: +0.087% → +0.074%: $1.37
Slippage, 4 orders: −$49.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $9.65
Costs to cover: 0.749%
Break-even: 6.2 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: 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 Gate live order book, 2 min ago	2.18 bp	18.6 bp −$19	36.5 bp −$365	52.0 bp −$5,196	120.4 bp −$60.2K
Sell Coinbase International live order book, 2 min ago	8.71 bp	22.9 bp −$23	28.1 bp −$281	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
Kalshi KXWLDPERP	−0.0100%	8h	0.4588	−0.022%	$39K	$4.6M	1.7x	as long as short
Nado WLD-PERP	−0.0041%	1h	0.4587	−0.044%	$243K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0009%	8h	0.4586	−0.065%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4589	+0.002%	$157K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4587	−0.044%	$119K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4587	−0.047%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4544	−0.981%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0093%	8h	0.4587	−0.044%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4592	+0.063%	$5.0M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4587	−0.036%	$211K	$1.1M	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	0.4589	−0.005%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4588	−0.015%	$87.0M	$328.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4587	−0.044%	$65.3M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4588	−0.022%	$34.4M	$150.0M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4589	long leg	$7.2M	$37.0M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4588	−0.022%	$44.1M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4588	−0.022%	$30.3M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4590	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	−0.068%	$137K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4590	+0.014%	$2.2M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4592	+0.075%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4596	+0.153%	$608K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4598	+0.196%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4588	−0.028%	$44K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4596	+0.153%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4587	−0.044%	$172	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	−0.065%	$838K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4587	−0.044%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	−0.064%	$221K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4587	−0.050%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	−0.071%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0144%	1h	0.4592	+0.076%	$329	$80	5x	as long as short
Phoenix WLD	+0.0158%	1h	0.4598	+0.190%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4588	−0.022%	$4.9M	$833K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4586	−0.076%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0331%	1h	0.4590	+0.015%	$50.4M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0478%	1h	0.4589	+0.010%	$886K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0496%	1h	0.4593	+0.087%	$269K	$1.7M	50x