Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.025%

Price spread now: Pacifica against Orderly−0.111%7-day average +0.021% · you buy dearer than you sell

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.111%, 7d avg +0.021%

Together, before fees+0.114%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.132% cheaper against Orderly than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.021%). If the spread goes back, that is −$13 on $10k: about 6.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4582	0.0030	pay 0.0030% / 8h	26m 28s	$28K	$908K	10x
Short	Pacifica WLD	0.4577	0.0100	get 0.0013% / 1h	26m 28s	$53K	$483K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.111%Rate

Funding earned: $14.8
Price spread: −0.111% → +0.021%: −$13.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.35
Costs to cover: 0.140%
Break-even: 12.8 days

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 52 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 Pacifica live order book, 52 min ago	1.09 bp	7.0 bp −$7	doesn't fit	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	−0.0201%	8h	0.4579	−0.065%	$63K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4577	−0.099%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4583	+0.022%	$113K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4569	−0.279%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0011%	8h	0.4568	−0.306%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDClong	+0.0030%	8h	0.4582	long leg	$28K	$908K	10x
Nado WLD-PERP	+0.0046%	1h	0.4572	−0.229%	$275K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4576	−0.137%	$189K	$1.0M	50x	as long as short
Pacifica WLDshort	+0.0100%	1h	0.4577	−0.111%	$53K	$483K	5x
Binance WLDUSDT	+0.0100%	8h	0.4573	−0.195%	$86.3M	$301.5M	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	0.4570	−0.262%	$65.4M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4569	−0.284%	$34.2M	$142.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4574	−0.175%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4570	−0.262%	$45.6M	$53.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4569	−0.284%	$30.1M	$25.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4575	−0.153%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4586	+0.094%	$129K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4586	+0.087%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	−0.049%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4588	+0.123%	$619K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.022%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.210%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4589	+0.153%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4581	−0.022%	$214	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4579	−0.065%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4585	+0.065%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4572	−0.225%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4583	+0.012%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4587	+0.098%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4569	−0.274%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	+0.065%	$4.9M	$825K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4582	+0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4573	−0.192%	$327	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.218%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4577	−0.109%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0483%	1h	0.4577	−0.109%	$49.6M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0717%	1h	0.4584	+0.039%	$906K	$2.7M	50x	as long as short
Lighter WLD	+0.1440%	1h	0.4583	+0.024%	$5.2M	$2.0M	10x	as long as short