Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.058%

Price spread now: Coinbase International against KuCoin+0.218%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$840.836% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.218%, 7d avg +0.079%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.139% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.079%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% 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	KuCoin WLDUSDTM	0.4584	0.0020	pay 0.0020% / 8h	38m 30s	$7.0M	$10.9M	50x
Short	Coinbase International WLD-PERP-INTX	0.4594	0.0440	get 0.0055% / 1h	38m 30s	$272K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.218%Rate

Funding earned: $88.2
Price spread: +0.218% → +0.079%: $13.92
Slippage, 4 orders: −$61.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $18.55
Costs to cover: 0.836%
Break-even: 5.5 days

Slippage from KuCoin: live order book, 5 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 5 min ago	2.17 bp	23.6 bp −$24	53.6 bp −$536	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.33 bp	20.2 bp −$20	24.9 bp −$249	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 KXWLDPERP	−0.0222%	8h	0.4604	+0.436%	$48K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4587	+0.064%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4593	+0.196%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4592	+0.180%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0020%	8h	0.4592	+0.175%	$28K	$909K	10x	as long as short
KuCoin WLDUSDTMlong	+0.0020%	8h	0.4584	long leg	$7.0M	$10.9M	50x
Nado WLD-PERP	+0.0067%	1h	0.4585	+0.022%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4589	+0.112%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4588	+0.081%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4589	+0.114%	$86.7M	$300.8M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4588	+0.087%	$65.7M	$82.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4588	+0.087%	$34.2M	$142.8M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4586	+0.044%	$7.5M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4587	+0.065%	$46.1M	$52.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	+0.022%	$30.2M	$25.7M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4588	+0.087%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4590	+0.124%	$130K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4603	+0.413%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4602	+0.389%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4604	+0.444%	$621K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4606	+0.480%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4591	+0.157%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4599	+0.327%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4592	+0.175%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4587	+0.065%	$855K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4592	+0.175%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4586	+0.038%	$234K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4594	+0.228%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4602	+0.393%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4586	+0.053%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4591	+0.153%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4592	+0.183%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4592	+0.177%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.611%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTXshort	+0.0440%	1h	0.4594	+0.218%	$272K	$1.6M	50x
Hyperliquid WLD	+0.0593%	1h	0.4594	+0.218%	$49.9M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0716%	1h	0.4595	+0.240%	$914K	$2.6M	50x	as long as short
Lighter WLD	+0.1552%	1h	0.4599	+0.325%	$5.2M	$2.0M	10x	as long as short