Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.022%

Price spread now: BloFin against Pacifica+0.230%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now +0.230%, 7d avg 0.000%

Together, before fees+0.580%+ Points / potential airdropPacifica: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.231% dearer against Pacifica than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4619	0.0100	pay 0.0013% / 1h	10m 02s	$48K	$511K	5x
Short	BloFin WLD-USDT	0.4630	0.0220	get 0.0220% / 8h	5h 10m	$5.0M	$804K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now +0.230%Rate

Funding earned: $25.2
Price spread: +0.230% → 0.000%: $23.07
Slippage, 4 orders: −$30.19
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.92
Costs to cover: 0.502%
Break-even: 7.5 days

Slippage from Pacifica: live order book, 54 min ago; BloFin: live order book, 4 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 Pacifica live order book, 54 min ago	4.28 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.08 bp	11.2 bp −$11	13.6 bp −$136	28.8 bp −$2,878	100.5 bp −$50.3K

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	−0.0119%	8h	0.4609	−0.224%	$47K	$4.6M	1.7x	as long as short
KuCoin WLDUSDTM	−0.0028%	8h	0.4592	−0.592%	$7.0M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4621	+0.026%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4596	−0.506%	$119K	$918K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4598	−0.467%	$55K	—	150x	as long as short
Nado WLD-PERP	+0.0005%	1h	0.4608	−0.235%	$267K	$187K	5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4616	−0.073%	$330	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0078%	8h	0.4597	−0.484%	$28K	$890K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4600	−0.429%	$173K	$1.1M	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4619	long leg	$48K	$511K	5x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4601	−0.397%	$87.5M	$327.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4599	−0.441%	$65.9M	$88.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4598	−0.462%	$34.6M	$149.5M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4596	−0.506%	$7.2M	$37.1M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4600	−0.419%	$45.5M	$54.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4599	−0.441%	$30.5M	$29.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4597	−0.484%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4597	−0.488%	$140K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4615	−0.103%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4629	+0.205%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4621	+0.036%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4629	+0.209%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4614	−0.114%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4624	+0.100%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4598	−0.462%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4596	−0.506%	$840K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4600	−0.419%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4598	−0.472%	$212K	$955K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4596	−0.514%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4608	−0.255%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4621	+0.038%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0176%	1h	0.4604	−0.341%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4630	+0.230%	$5.0M	$804K	75x
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4607	−0.260%	$5K	—	100x	as long as short
Hyperliquid WLD	+0.0467%	1h	0.4604	−0.328%	$50.8M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4600	−0.419%	$271K	$1.7M	50x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4636	+0.360%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0900%	1h	0.4599	−0.440%	$890K	$2.9M	50x	as long as short