Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0619%/8h= +67.7% APRpaid last 24h +0.122%

Price spread now: Coinbase International against Kalshi+0.195%7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Kalshi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.195%, 7d avg +0.196%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.196%, so right now this pair is about funding alone: +$19 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 0.332% in total (about 17.3% 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	Kalshi KXWLDPERP	0.4605	−0.0163	get 0.0163% / 8h	2h 39m	$44K	$4.3M	1.7x
Short	Coinbase International WLD-PERP-INTX	0.4614	0.0456	get 0.0057% / 1h	39m 48s	$273K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kalshi. 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 KalshibpFee Coinbase InternationalbpOrdersPrice spread, now +0.195%Rate

Funding earned: $129.89
Price spread: +0.195% → +0.196%: −$0.1
Slippage, 4 orders: −$50.4
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $59.39
Costs to cover: 0.704%
Break-even: 3.8 days

Slippage from Kalshi: live order book, 4 min ago; Coinbase International: live order book, 4 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 Kalshi live order book, 4 min ago	5.35 bp	11.4 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	8.54 bp	21.7 bp −$22	26.9 bp −$269	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
Injective WLD/USDC PERP	−0.0235%	1h	0.4675	+1.520%	$6K	$185K	5.5x	as long as short
Kalshi KXWLDPERPlong	−0.0163%	8h	0.4605	long leg	$44K	$4.3M	1.7x
KuCoin WLDUSDTM	−0.0042%	8h	0.4607	+0.043%	$6.9M	$11.4M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4603	−0.048%	$157K	$19K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4603	−0.043%	$129K	$909K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S 0.0000%	1h	0.4595	−0.218%	$38K	—	150x	as long as short
Nado WLD-PERP	+0.0008%	1h	0.4590	−0.315%	$267K	$178K	5x	as long as short
ApeX Omni WLDUSDT	+0.0016%	1h	0.4681	+1.650%	$51K	$241K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0055%	8h	0.4601	−0.087%	$28K	$898K	10x	as long as short
Gate WLD_USDT	+0.0061%	8h	0.4610	+0.109%	$7.3M	$37.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix WLD	+0.0068%	1h	0.4673	+1.468%	$5K	$54K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4604	−0.022%	$176K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4606	+0.014%	$55K	$493K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4611	+0.131%	$88.1M	$322.7M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4615	+0.217%	$66.0M	$86.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4616	+0.239%	$34.8M	$150.6M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4609	+0.087%	$46.2M	$55.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4615	+0.217%	$30.7M	$28.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4611	+0.130%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4609	+0.085%	$139K	$289K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4629	+0.516%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4680	+1.636%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4683	+1.695%	$620K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4597	−0.176%	$71K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4612	+0.152%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4607	+0.043%	$224	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4605	0.000%	$872K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4616	+0.239%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4608	+0.063%	$212K	$888K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4605	+0.007%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4589	−0.352%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4719	+2.476%	$5.0M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4593	−0.267%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4603	−0.046%	$329	$77	5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0456%	1h	0.4614	+0.195%	$273K	$1.7M	50x
Hyperliquid WLD	+0.0624%	1h	0.4613	+0.180%	$51.5M	$44.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0649%	1h	0.4614	+0.186%	$904K	$2.8M	50x	as long as short
Lighter WLD	+0.0848%	1h	0.4624	+0.408%	$5.3M	$2.1M	10x	as long as short