Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.8% APRpaid last 24h −0.048%

Price spread now: KuCoin against Injective+0.550%55s7-day average −0.233% · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.729%−$73 · spread now +0.550%, 7d avg −0.233%

Together, before fees−0.755%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.783% dearer against Injective than usual: you sell high and buy low (spread +0.550% now, against its 7-day average of −0.233%): +$78 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.027% in total) that is about 7 months. The two prices were read 55 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	0.4544	0.0176	pay 0.0022% / 1h	4m 22s	$6K	$185K	5.5x
Short	KuCoin WLDUSDTM	0.4569	0.0069	get 0.0069% / 8h	2h 04m	$6.8M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.550%Rate

Funding earned: −$22.56
Price spread: +0.550% → −0.233%: $78.33
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $43.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: live order book, 10 min ago; KuCoin: live order book, 4 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, 10 min ago	59.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.10 bp	20.2 bp −$20	50.0 bp −$500	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
Nado WLD-PERP	−0.0035%	1h	0.4568	+0.539%	$241K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4567	+0.499%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4573	+0.638%	$54K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	+0.616%	$152K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4567	+0.502%	$66K	—	150x	as long as short
KuCoin WLDUSDTMshort	+0.0069%	8h	0.4569	+0.550%	$6.8M	$11.9M	50x
01 Exchange WLDUSD	+0.0072%	1h	0.4573	+0.632%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4567	+0.506%	$27K	$791K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4571	+0.605%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4571	+0.591%	$51K	$538K	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	0.4568	+0.535%	$87.0M	$339.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4568	+0.528%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4567	+0.506%	$34.7M	$156.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4568	+0.528%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4569	+0.550%	$40.4M	$57.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	+0.550%	$30.2M	$31.3M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4568	+0.528%	—	$70.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	+0.618%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.764%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	+0.652%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.836%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4577	+0.726%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4571	+0.590%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.880%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4571	+0.594%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	+0.616%	$836K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4570	+0.572%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4568	+0.533%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	+0.605%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4568	+0.522%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.744%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4574	+0.660%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERPlong	+0.0176%	1h	0.4544	long leg	$6K	$185K	5.5x
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4568	+0.526%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	+0.638%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0356%	1h	0.4575	+0.682%	$49.8M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4572	+0.621%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4575	+0.682%	$276K	$1.7M	50x	as long as short