Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h +0.103%

Price spread now: Hyperliquid against Kalshi+0.181%7-day average +0.200% · you sell dearer than you buy

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

Long on Kalshi Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.352%+$35 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.181%, 7d avg +0.200%

Together, before fees+0.255%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.200%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4533	0	get 0.0000% / 8h	7h 23m	$66K	$4.7M	1.7x
Short	Hyperliquid WLD	0.4541	0.0383	get 0.0048% / 1h	23m 47s	$49.9M	$43.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.181%Rate

Funding earned: $80.51
Price spread: +0.181% → +0.200%: −$1.88
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $59.63
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: Kalshi: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Kalshi live order book, 5 min ago	2.19 bp	7.2 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.33 bp	6.8 bp −$7	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
Nado WLD-PERP	−0.0029%	1h	0.4540	+0.143%	$241K	$205K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4540	+0.156%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4533	long leg	$66K	$4.7M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4532	−0.022%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4536	+0.061%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0025%	8h	0.4533	0.000%	$6.9M	$11.7M	50x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4537	+0.081%	$208K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	+0.140%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4532	−0.022%	$86.5M	$330.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4533	0.000%	$64.5M	$89.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4536	+0.066%	$34.3M	$150.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4531	−0.044%	$7.2M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4532	−0.022%	$40.8M	$54.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4533	0.000%	$30.0M	$30.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4531	−0.044%	—	$67.8M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4534	+0.029%	$134K	$304K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4546	+0.279%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4554	+0.471%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.640%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.529%	$43K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	+0.062%	$39K	$2.1M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4533	0.000%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.221%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4532	−0.022%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4530	−0.066%	$830K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4532	−0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4530	−0.061%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4534	+0.031%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	+0.037%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.949%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4552	+0.430%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4544	+0.243%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	+0.060%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4543	+0.227%	$325	$55	5x	as long as short
Hyperliquid WLDshort	+0.0383%	1h	0.4541	+0.181%	$49.9M	$43.4M	10x
Kraken Futures PF_WLDUSD	+0.0524%	1h	0.4535	+0.036%	$881K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4539	+0.132%	$265K	$1.6M	50x	as long as short
Lighter WLD	+0.0824%	1h	0.4542	+0.205%	$5.1M	$2.6M	10x	as long as short