Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.069%

Price spread now: SoDEX against Kalshi−0.296%55s7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.296% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.296% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 3.7 days of funding at the current rate (+$8 a day). 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	Kalshi KXWLDPERP	0.4727	−0.0170	get 0.0170% / 8h	3h 21m	$52K	$4.0M	1.7x
Short	SoDEX WLD-USD	0.4713	0.0100	get 0.0013% / 1h	21m 27s	$225	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.296%Rate

Funding earned: $56.77
Price spread: −0.296% → 0.000%: −$29.62
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $9.15
Costs to cover: 0.180%
Break-even: 5.9 days

Slippage unknown: Kalshi: live order book, 2 min ago; SoDEX: no order-book sample. 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, 2 min ago	1.06 bp	6.1 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0170%	8h	0.4727	long leg	$52K	$4.0M	1.7x
Phemex WLDUSDT	−0.0036%	8h	0.4717	−0.212%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0021%	1h	0.4706	−0.444%	$278K	$175K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4705	−0.465%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4707	−0.422%	$168K	$12K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0002%	1h	0.4717	−0.212%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.439%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0047%	8h	0.4716	−0.233%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4709	−0.386%	$207K	$974K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4709	−0.380%	$55K	$481K	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	0.4715	−0.261%	$90.1M	$308.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4716	−0.233%	$68.1M	$83.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4717	−0.212%	$35.6M	$149.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4711	−0.338%	$7.7M	$35.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4708	−0.402%	$48.6M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4714	−0.275%	$31.5M	$26.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4716	−0.233%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4720	−0.157%	$140K	$278K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4717	−0.217%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4713	−0.305%	$28K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4733	+0.129%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4713	−0.296%	$55K	$230K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4707	−0.434%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4718	−0.190%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USDshort	+0.0100%	1h	0.4713	−0.296%	$225	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4731	+0.085%	$874K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4712	−0.309%	$218K	$893K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4713	−0.290%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4702	−0.523%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4704	−0.489%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0174%	1h	0.4716	−0.233%	$135K	$863K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4712	−0.317%	$5.0M	$873K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4715	−0.258%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4712	−0.315%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0320%	1h	0.4717	−0.212%	$931K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4727	0.000%	$286K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0820%	1h	0.4714	−0.267%	$52.6M	$43.6M	10x	as long as short
Lighter WLD	+0.0984%	1h	0.4718	−0.186%	$5.3M	$2.0M	10x	as long as short