Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.048%

Price spread now: Injective against Gate+0.354%7-day average +0.201% · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.354%, 7d avg +0.201%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.152% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.201%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% 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	0.4526	0.0100	pay 0.0100% / 8h	2h 10m	$7.3M	$34.8M	75x
Short	Injective WLD/USDC PERP	0.4542	0.0374	get 0.0047% / 1h	10m 36s	$6K	$185K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.354%Rate

Funding earned: $57.53
Price spread: +0.354% → +0.201%: $15.23
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $57.73
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 3 min ago; Injective: live order book, 43 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 Gate live order book, 3 min ago	2.21 bp	15.6 bp −$16	38.8 bp −$388	79.4 bp −$7,936	doesn't fit
Sell Injective live order book, 43 min ago	49.15 bp	doesn't fit	doesn't fit	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	−0.0489%	8h	0.4520	−0.133%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0018%	8h	0.4523	−0.066%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4522	−0.088%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	+0.015%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4524	−0.044%	$122K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	+0.117%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	−0.055%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0035%	1h	0.4527	+0.028%	$270K	$168K	5x	as long as short
Phoenix WLD	+0.0052%	1h	0.4522	−0.086%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0085%	8h	0.4528	+0.044%	$33.8M	$137.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0088%	8h	0.4527	+0.022%	$52.5M	$48.0M	300x	as long as short
Binance WLDUSDT	+0.0091%	8h	0.4527	+0.031%	$85.1M	$293.1M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4529	+0.062%	$46.4M	$41.2M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4525	−0.013%	$214K	$975K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4528	+0.047%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4527	+0.022%	$64.5M	$80.4M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4526	long leg	$7.3M	$34.8M	75x
Bitget WLDUSDT	+0.0100%	8h	0.4527	+0.022%	$30.0M	$25.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4526	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4528	+0.044%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4531	+0.109%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4520	−0.142%	$606K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	+0.155%	$54K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4522	−0.091%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.044%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4522	−0.088%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.133%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4525	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4527	+0.016%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4524	−0.044%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4521	−0.104%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0209%	8h	0.4528	+0.044%	$4.9M	$810K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4524	−0.054%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4532	+0.128%	$324	$77	5x	as long as short
Injective WLD/USDC PERPshort	+0.0374%	1h	0.4542	+0.354%	$6K	$185K	5.5x
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4522	−0.088%	$277K	$1.6M	50x	as long as short
Lighter WLD	+0.0944%	1h	0.4536	+0.228%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1102%	1h	0.4526	−0.008%	$921K	$2.6M	50x	as long as short