Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0397%/8h= −43.5% APRpaid last 24h −0.044%

Price spread now: BingX against Kraken Futures−0.080%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now −0.080%, 7d avg −0.059%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BingX is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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	Kraken Futures PF_WLDUSD	0.4561	0.0497	pay 0.0062% / 1h	1m 14s	$863K	$2.9M	50x
Short	BingX WLD-USDT	0.4557	0.0100	get 0.0100% / 8h	2h 01m	—	$70.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$83.35
Price spread: −0.080% → −0.059%: −$2.09
Slippage, 4 orders: −$32.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$137.81
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 8 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 Kraken Futures live order book, 2 min ago	5.47 bp	20.8 bp −$21	31.7 bp −$317	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.19 bp	7.2 bp −$7	9.2 bp −$92	20.9 bp −$2,090	89.3 bp −$44.6K

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	−0.0034%	1h	0.4560	−0.025%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4559	−0.033%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4557	−0.080%	$53K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	−0.014%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4557	−0.089%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0075%	8h	0.4557	−0.080%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0080%	1h	0.4558	−0.051%	$326	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4558	−0.058%	$27K	$790K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4560	−0.007%	$227K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4561	+0.002%	$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	0.4557	−0.077%	$86.7M	$339.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4557	−0.080%	$65.0M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4554	−0.146%	$34.6M	$155.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4557	−0.080%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4557	−0.080%	$40.8M	$57.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4555	−0.124%	$30.1M	$31.4M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4557	−0.080%	—	$70.2M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4557	−0.084%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.396%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	+0.091%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4568	+0.161%	$606K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4574	+0.293%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4556	−0.093%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4563	+0.052%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4557	−0.080%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	−0.058%	$834K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4559	−0.036%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4556	−0.099%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4560	−0.025%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4556	−0.108%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4578	+0.376%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0176%	1h	0.4564	+0.078%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.365%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4556	−0.104%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4556	−0.102%	$4.8M	$919K	75x	as long as short
Hyperliquid WLD	+0.0365%	1h	0.4564	+0.065%	$49.7M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0497%	1h	0.4561	long leg	$863K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4566	+0.118%	$275K	$1.7M	50x	as long as short