Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.026%

Price spread now: edgeX against Orderly+0.474%7-day average −0.044% · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 3 days (all we have)−0.730%−$73 · spread now +0.474%, 7d avg −0.044%

Together, before fees−0.583%+ Points / potential airdropedgeX: Active · farm board−$58 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 edgeX is 0.518% dearer against Orderly than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4707	0.0050	pay 0.0050% / 8h	7h 03m	$29K	$899K	10x
Short	edgeX WLDUSDC	0.4729	0.0100	get 0.0050% / 4h	3h 03m	$28K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.474%Rate

Funding earned: $10.42
Price spread: +0.474% → −0.044%: $51.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $47.22
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	4.22 bp	8.9 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit

Orderly: 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
Kalshi KXWLDPERP	−0.0164%	8h	0.4744	+0.786%	$34K	$4.1M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0027%	8h	0.4704	−0.064%	$7.0M	$11.2M	50x	as long as short
Nado WLD-PERP	−0.0023%	1h	0.4706	−0.016%	$273K	$178K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4711	+0.088%	$168K	$12K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4739	+0.680%	$147K	$886K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4709	+0.042%	$56K	—	150x	as long as short
Phemex WLDUSDT	+0.0030%	8h	0.4731	+0.510%	$1.9M	$3.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4744	+0.786%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDClong	+0.0050%	8h	0.4707	long leg	$29K	$899K	10x
Aster WLDUSDT	+0.0100%	8h	0.4715	+0.169%	$207K	$996K	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	0.4712	+0.110%	$55K	$485K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4708	+0.021%	$90.0M	$311.8M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4707	0.000%	$68.2M	$84.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4706	−0.021%	$35.7M	$149.9M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4710	+0.064%	$7.5M	$37.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4708	+0.021%	$48.9M	$55.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4705	−0.042%	$31.5M	$27.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4708	+0.021%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4737	+0.644%	$140K	$277K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4705	−0.050%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4729	+0.474%	$28K	$317K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4742	+0.741%	$626K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4730	+0.489%	$57K	$232K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4710	+0.064%	$46K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4742	+0.744%	$24K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4737	+0.637%	$224	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4741	+0.722%	$901K	$1.9M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4704	−0.055%	$218K	$906K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4708	+0.021%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4705	−0.038%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4732	+0.531%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4725	+0.382%	$5.1M	$878K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4707	+0.010%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0256%	1h	0.4717	+0.204%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0318%	1h	0.4738	+0.656%	$942K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4747	+0.850%	$278K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0876%	1h	0.4716	+0.187%	$52.9M	$44.1M	10x	as long as short
Lighter WLD	+0.0976%	1h	0.4723	+0.342%	$5.4M	$2.1M	10x	as long as short