Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h −0.021%

Price spread now: HTX against Injective−1.286%65s7-day average −0.353% · you buy dearer than you sell

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.893%+$89 · spread now −1.286%, 7d avg −0.353%

Together, before fees+0.917%+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.933% cheaper against Injective than usual: you would sell low and buy high (spread −1.286% now, against its 7-day average of −0.353%). If the spread goes back, that is −$93 on $10k: about 50 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.024% in total) that is about 9 months. The two prices were read 65 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	Injective WLD/USDC PERP	0.4744	0.0038	pay 0.0005% / 1h	1m 34s	$6K	$185K	5.5x
Short	HTX WLD-USDT	0.4683	0.0100	get 0.0100% / 8h	7h 01m	$889K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −1.286%Rate

Funding earned: $13.08
Price spread: −1.286% → −0.353%: −$93.29
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$92.23
Costs to cover: 0.120%
Break-even: 56.4 days

Slippage unknown: Injective: live order book, 38 min ago; HTX: live order book, 2 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 Injective live order book, 38 min ago	71.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	6.37 bp	50.7 bp −$51	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	−0.0162%	8h	0.4701	−0.906%	$29K	$4.1M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0027%	8h	0.4682	−1.307%	$7.0M	$11.2M	50x	as long as short
Nado WLD-PERP	−0.0022%	1h	0.4692	−1.096%	$272K	$178K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4679	−1.366%	$167K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4694	−1.054%	$130K	$904K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4696	−1.013%	$56K	—	150x	as long as short
Injective WLD/USDC PERPlong	+0.0038%	1h	0.4744	long leg	$6K	$185K	5.5x
Orderly PERP_WLD_USDC	+0.0050%	8h	0.4693	−1.075%	$29K	$899K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4686	−1.222%	$214K	$996K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4682	−1.305%	$55K	$485K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4677	−1.412%	$89.2M	$312.6M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4676	−1.433%	$67.6M	$84.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4677	−1.412%	$35.4M	$149.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4675	−1.454%	$7.4M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4678	−1.391%	$47.9M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4677	−1.412%	$31.3M	$27.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4677	−1.412%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4690	−1.132%	$142K	$278K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	−0.830%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4713	−0.653%	$28K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4742	−0.044%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4709	−0.738%	$57K	$233K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4697	−0.982%	$45K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4701	−0.906%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4688	−1.180%	$223	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4683	−1.286%	$889K	$1.9M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4691	−1.117%	$1.9M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4675	−1.457%	$216K	$905K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4695	−1.043%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4694	−1.048%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4732	−0.253%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4694	−1.054%	$5.0M	$872K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4696	−1.016%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4681	−1.330%	$335	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0321%	1h	0.4691	−1.116%	$932K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4697	−0.991%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0871%	1h	0.4692	−1.100%	$52.5M	$44.2M	10x	as long as short
Lighter WLD	+0.1000%	1h	0.4689	−1.151%	$5.3M	$2.1M	10x	as long as short