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

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

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

Long on Kraken Futures Short on Kalshi

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

The price spread pays, funding is against you. Kalshi is 0.343% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of −0.186%): +$34 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.3 days. 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	Kraken Futures PF_WLDUSD	0.4712	0.0320	pay 0.0040% / 1h	22m 43s	$926K	$2.7M	50x
Short	Kalshi KXWLDPERP	0.4719	−0.0172	pay 0.0172% / 8h	3h 22m	$26K	$3.9M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.156%Rate

Funding earned: −$103.33
Price spread: +0.156% → −0.186%: $34.29
Slippage, 4 orders: −$50.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$139.27
Costs to cover: 0.702%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Kalshi: 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	7.42 bp	21.3 bp −$21	35.4 bp −$354	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	1.06 bp	25.1 bp −$25	33.9 bp −$339	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
Kalshi KXWLDPERPshort	−0.0172%	8h	0.4719	+0.156%	$26K	$3.9M	1.7x
Phemex WLDUSDT	−0.0066%	8h	0.4705	−0.141%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4712	+0.008%	$279K	$173K	5x	as long as short
KuCoin WLDUSDTM	−0.0018%	8h	0.4708	−0.077%	$7.0M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4728	+0.341%	$169K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4711	−0.013%	$135K	$863K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4713	+0.020%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.117%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0046%	8h	0.4709	−0.056%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4715	+0.077%	$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	+0.043%	$55K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4726	+0.298%	$90.3M	$306.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4725	+0.284%	$68.1M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4711	−0.013%	$35.5M	$148.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4709	−0.056%	$7.7M	$35.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4711	−0.013%	$48.9M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4718	+0.135%	$31.4M	$26.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4711	−0.013%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4712	−0.001%	$140K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4714	+0.044%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4721	+0.203%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4733	+0.456%	$625K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4693	−0.395%	$55K	$230K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	+0.038%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4717	+0.114%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4709	−0.056%	$222	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4708	−0.077%	$873K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4708	−0.067%	$218K	$871K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4709	−0.049%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4710	−0.039%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4704	−0.164%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4712	+0.008%	$5.0M	$873K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4711	−0.005%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4712	−0.003%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0320%	1h	0.4712	long leg	$926K	$2.7M	50x
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4717	+0.114%	$280K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0821%	1h	0.4721	+0.195%	$52.7M	$43.5M	10x	as long as short
Lighter WLD	+0.0992%	1h	0.4739	+0.572%	$5.4M	$2.0M	10x	as long as short