Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.025%

Price spread now: SoDEX against Orderly−0.174%56s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.174% cheaper against Orderly than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 7.1 days of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WLD_USDC	0.4604	0.0018	pay 0.0018% / 8h	41m 27s	$28K	$909K	10x
Short	SoDEX WLD-USD	0.4596	0.0100	get 0.0013% / 1h	41m 27s	$210	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $17.12
Price spread: −0.174% → 0.000%: −$17.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.25
Costs to cover: 0.140%
Break-even: 12.8 days

Slippage unknown: Orderly: no order-book sample; SoDEX: 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	−0.0228%	8h	0.4606	+0.043%	$48K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4598	−0.122%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4597	−0.152%	$112K	$883K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4605	+0.026%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDClong	+0.0018%	8h	0.4604	long leg	$28K	$909K	10x
KuCoin WLDUSDTM	+0.0020%	8h	0.4602	−0.043%	$7.0M	$10.9M	50x	as long as short
Nado WLD-PERP	+0.0066%	1h	0.4603	−0.022%	$277K	$168K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4604	+0.006%	$190K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4599	−0.101%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4605	+0.012%	$87.2M	$300.3M	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	0.4604	0.000%	$65.9M	$82.5M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4601	−0.065%	$34.4M	$143.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4603	−0.022%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4605	+0.022%	$46.4M	$52.4M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4606	+0.043%	$30.4M	$25.7M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4605	+0.022%	—	$67.0M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4598	−0.122%	$129K	$270K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4646	+0.910%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4634	+0.657%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4609	+0.111%	$622K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4631	+0.586%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4608	+0.087%	$44K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4601	−0.065%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USDshort	+0.0100%	1h	0.4596	−0.174%	$210	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4594	−0.217%	$856K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4598	−0.130%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4601	−0.072%	$236K	$843K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4604	+0.005%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4654	+1.077%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4604	+0.009%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4612	+0.174%	$4.9M	$829K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4605	+0.032%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4605	+0.024%	$329	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4612	+0.174%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4600	−0.087%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0629%	1h	0.4612	+0.174%	$50.1M	$43.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0715%	1h	0.4600	−0.081%	$915K	$2.6M	50x	as long as short
Lighter WLD	+0.1640%	1h	0.4612	+0.165%	$5.2M	$2.0M	10x	as long as short