Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.053%

Price spread now: Kraken Futures against Kalshi−0.156%7-day average +0.186% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.156%, 7d avg +0.186%

Together, before fees+0.651%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.343% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of +0.186%). If the spread goes back, that is −$34 on $10k: about 2.3 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.330% in total) that is about 7.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% 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	0.4719	−0.0172	get 0.0172% / 8h	3h 22m	$26K	$3.9M	1.7x
Short	Kraken Futures PF_WLDUSD	0.4712	0.0320	get 0.0040% / 1h	22m 45s	$926K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.156%Rate

Funding earned: $103.33
Price spread: −0.156% → +0.186%: −$34.27
Slippage, 4 orders: −$50.23
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.16
Costs to cover: 0.702%
Break-even: 7.1 days

Slippage from Kalshi: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago	1.06 bp	6.1 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	7.42 bp	17.7 bp −$18	29.2 bp −$292	1117.9 bp −$111.8K	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 KXWLDPERPlong	−0.0172%	8h	0.4719	long leg	$26K	$3.9M	1.7x
Phemex WLDUSDT	−0.0066%	8h	0.4705	−0.297%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4712	−0.148%	$279K	$173K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4708	−0.233%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4728	+0.184%	$169K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4711	−0.170%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4713	−0.137%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.271%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0046%	8h	0.4709	−0.212%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4715	−0.080%	$208K	$968K	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4714	−0.114%	$55K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4726	+0.141%	$90.3M	$306.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4725	+0.127%	$68.1M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4711	−0.170%	$35.5M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4709	−0.212%	$7.7M	$35.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4711	−0.170%	$48.9M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4718	−0.021%	$31.4M	$26.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4711	−0.170%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4712	−0.157%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4714	−0.112%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4721	+0.047%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4733	+0.299%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4693	−0.551%	$55K	$230K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	−0.119%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4717	−0.042%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4709	−0.212%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4708	−0.233%	$873K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4708	−0.223%	$218K	$871K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4709	−0.206%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4710	−0.195%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4704	−0.320%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4712	−0.148%	$5.0M	$873K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4711	−0.161%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4712	−0.159%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0320%	1h	0.4712	−0.156%	$926K	$2.7M	50x
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4717	−0.042%	$280K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0821%	1h	0.4721	+0.038%	$52.7M	$43.5M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4739	+0.415%	$5.4M	$2.0M	10x	as long as short