Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h −0.011%

Price spread now: Phoenix against OKX+0.293%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.293% dearer against OKX than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WLD-USDT-SWAP	0.4573	0.0100	pay 0.0100% / 8h	4h 15m	$34.3M	$149.7M	50x
Short	Phoenix WLD	0.4586	0.0158	get 0.0020% / 1h	15m 12s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now +0.293%Rate

Funding earned: $12.11
Price spread: +0.293% → 0.000%: $29.3
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $24.41
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.

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 OKX live order book, 4 min ago	1.09 bp	7.0 bp −$7	14.9 bp −$149	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0044%	1h	0.4576	+0.066%	$242K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0007%	8h	0.4574	+0.022%	$6.9M	$11.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4576	+0.067%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4576	+0.066%	$46K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4578	+0.109%	$118K	$942K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4578	+0.105%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4583	+0.219%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0095%	8h	0.4576	+0.066%	$28K	$886K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4580	+0.153%	$4.9M	$2.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4578	+0.112%	$211K	$1.1M	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	0.4577	+0.087%	$49K	$527K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	+0.043%	$86.7M	$328.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4573	0.000%	$65.0M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAPlong	+0.0100%	8h	0.4573	long leg	$34.3M	$149.7M	50x
Gate WLD_USDT	+0.0100%	8h	0.4577	+0.087%	$7.2M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4576	+0.066%	$44.0M	$54.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4574	+0.022%	$30.2M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4577	+0.087%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	+0.118%	$136K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4578	+0.103%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.153%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4587	+0.306%	$604K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4584	+0.241%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4576	+0.072%	$39K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4580	+0.153%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4574	+0.022%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4574	+0.022%	$836K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4578	+0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	+0.028%	$220K	$981K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4578	+0.103%	$31K	$600	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4580	+0.160%	$328	$80	5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4572	−0.027%	—	—	20x	as long as short
Phoenix WLDshort	+0.0158%	1h	0.4586	+0.293%	$5K	$52K	10x
BloFin WLD-USDT	+0.0220%	8h	0.4577	+0.087%	$4.9M	$831K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4577	+0.096%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0326%	1h	0.4585	+0.256%	$50.3M	$43.3M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0479%	1h	0.4578	+0.115%	$884K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4593	+0.437%	$269K	$1.7M	50x	as long as short