Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.068%

Price spread now: Hyperliquid against KuCoin+0.156%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.156%, 7d avg +0.085%

Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.071% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WLDUSDTM	0.4479	0.0100	pay 0.0100% / 8h	7h 32m	$6.6M	$11.7M	50x
Short	Hyperliquid WLD	0.4486	0.0124	get 0.0016% / 1h	32m 14s	$49.7M	$43.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.156%Rate

Funding earned: $5.06
Price spread: +0.156% → +0.085%: $7.09
Slippage, 4 orders: −$28.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.39
Costs to cover: 0.495%
Break-even: 58.7 days

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago	2.22 bp	19.9 bp −$20	37.9 bp −$379	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.22 bp	6.7 bp −$7	doesn't fit	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
Nado WLD-PERP	−0.0006%	1h	0.4481	+0.056%	$232K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4485	+0.134%	$42K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4484	+0.112%	$116K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4482	+0.064%	$65K	—	150x	as long as short
Bybit WLDUSDT	+0.0068%	8h	0.4479	0.000%	$63.3M	$89.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4484	+0.112%	$27K	$587K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4487	+0.168%	$226K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4486	+0.154%	$54K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4482	+0.078%	$85.8M	$333.2M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4481	+0.045%	$33.9M	$148.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4479	0.000%	$7.0M	$34.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4482	+0.067%	$41.6M	$56.3M	300x	as long as short
KuCoin WLDUSDTMlong	+0.0100%	8h	0.4479	long leg	$6.6M	$11.7M	50x
Bitget WLDUSDT	+0.0100%	8h	0.4478	−0.022%	$29.6M	$31.0M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4480	+0.022%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4489	+0.212%	$129K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4503	+0.530%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4504	+0.553%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4504	+0.558%	$600K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4512	+0.737%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4482	+0.078%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4488	+0.201%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4482	+0.067%	$214	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4477	−0.045%	$821K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4484	+0.112%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4480	+0.030%	$207K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4524	+1.014%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.647%	$6K	$185K	5.5x	as long as short
Hyperliquid WLDshort	+0.0124%	1h	0.4486	+0.156%	$49.7M	$43.1M	10x
Reya WLDRUSDPERP	+0.0134%	1h	0.4479	−0.005%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4488	+0.203%	$4.9M	$2.9M	10x	as long as short
dYdX WLD-USD	+0.0165%	1h	0.4488	+0.207%	$153K	$31K	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4482	+0.078%	$321	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4514	+0.772%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4481	+0.047%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	+0.201%	$4.3M	$903K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0305%	1h	0.4485	+0.132%	$861K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4492	+0.290%	$266K	$1.6M	50x	as long as short