Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.104%

Price spread now: Bybit against Kraken Futures−0.074%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now −0.074%, 7d avg −0.067%

Together, before fees−0.410%−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4480	−0.0193	get 0.0024% / 1h	5m 52s	$840K	$2.6M	50x
Short	Bybit WLDUSDT	0.4477	−0.0146	pay 0.0146% / 8h	5h 05m	$63.9M	$85.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $9.86
Price spread: −0.074% → −0.067%: −$0.64
Slippage, 4 orders: −$24.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.53
Costs to cover: 0.458%
Break-even: 32.9 days

Slippage from Kraken Futures: live order book, 1 min ago; Bybit: 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 Kraken Futures live order book, 1 min ago	2.23 bp	9.4 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.12 bp	8.6 bp −$9	15.1 bp −$151	88.7 bp −$8,870	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0358%	1h	0.4477	−0.069%	$41K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSDlong	−0.0193%	1h	0.4480	long leg	$840K	$2.6M	50x
Bybit WLDUSDTshort	−0.0146%	8h	0.4477	−0.074%	$63.9M	$85.0M	50x
Nado WLD-PERP	−0.0118%	1h	0.4478	−0.051%	$234K	$157K	5x	as long as short
Gate WLD_USDT	−0.0087%	8h	0.4478	−0.051%	$7.0M	$31.8M	75x	as long as short
01 Exchange WLDUSD	−0.0048%	1h	0.4480	0.000%	$321	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4478	−0.051%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4480	−0.007%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4479	−0.039%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0004%	1h	0.4479	−0.024%	$153K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	−0.074%	$6K	$185K	5.5x	as long as short
Variational Omni WLD	+0.0019%	8h	0.4465	−0.334%	$2.1M	$1.4M	—	as long as short
KuCoin WLDUSDTM	+0.0019%	8h	0.4478	−0.051%	$6.8M	$10.2M	50x	as long as short
Phoenix WLD	+0.0053%	1h	0.4480	−0.011%	$4K	$40K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0083%	8h	0.4478	−0.051%	$27K	$249K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4486	+0.132%	$4.9M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	−0.001%	$219K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4478	−0.051%	$64K	$512K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4478	−0.053%	$84.7M	$313.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4476	−0.096%	$34.3M	$142.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4479	−0.029%	$42.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4477	−0.074%	$29.3M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4478	−0.051%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4480	−0.016%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4475	−0.110%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	−0.007%	$600K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4478	−0.051%	$48K	$249K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4483	+0.060%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4480	−0.007%	$234	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4479	−0.029%	$821K	$1.1M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4479	−0.029%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4475	−0.112%	$211K	$649K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4480	−0.006%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4476	−0.089%	—	—	20x	as long as short
Hyperliquid WLD	+0.0173%	1h	0.4487	+0.140%	$50.7M	$28.5M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4481	+0.011%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	−0.029%	$4.7M	$908K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4484	+0.082%	$272K	$975K	50x	as long as short