Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: OKX against Pacifica−0.223%49s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.376% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.223%, 7d avg −0.058%

Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.165% cheaper against Pacifica than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 49 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	Pacifica WLD	0.4475	0.0100	pay 0.0013% / 1h	52m 48s	$58K	$498K	5x
Short	OKX WLD-USDT-SWAP	0.4465	0.0100	get 0.0100% / 8h	5h 52m	$33.9M	$140.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → −0.058%: −$16.5
Slippage, 4 orders: −$19.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$54.08
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Pacifica: live order book, 59 min ago; OKX: 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, 59 min ago	2.23 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.12 bp	7.3 bp −$7	15.5 bp −$155	246.7 bp −$24.7K	doesn't fit

WLD on 38 exchanges

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
Deribit WLD_USDC-PERPETUAL	−0.0197%	1h	0.4475	0.000%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4477	+0.040%	$874K	$2.6M	50x	as long as short
Nado WLD-PERP	−0.0129%	1h	0.4472	−0.056%	$235K	$159K	5x	as long as short
Polymarket Perps WLD-USD	−0.0116%	1h	0.4468	−0.152%	$48K	$2.6M	10x	as long as short
Bybit WLDUSDT	−0.0108%	8h	0.4465	−0.223%	$63.6M	$84.8M	50x	as long as short
Gate WLD_USDT	−0.0084%	8h	0.4467	−0.179%	$7.0M	$31.0M	75x	as long as short
01 Exchange WLDUSD	−0.0080%	1h	0.4475	−0.011%	$320	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4476	+0.022%	$52K	$4.2M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4475	−0.001%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.045%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0014%	1h	0.4477	+0.042%	$153K	$31K	10x	as long as short
Phoenix WLD	+0.0053%	1h	0.4481	+0.127%	$4K	$40K	10x	as long as short
KuCoin WLDUSDTM	+0.0066%	8h	0.4466	−0.201%	$6.5M	$10.3M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0090%	8h	0.4473	−0.045%	$27K	$340K	10x	as long as short
Variational Omni WLD	+0.0094%	8h	0.4473	−0.037%	$2.1M	$1.4M	—	as long as short
Lighter WLD	+0.0096%	1h	0.4475	−0.002%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4472	−0.060%	$49.3M	$28.7M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4472	−0.067%	$210K	$884K	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4475	long leg	$58K	$498K	5x
Binance WLDUSDT	+0.0100%	8h	0.4468	−0.160%	$85.0M	$312.0M	75x	as long as short
OKX WLD-USDT-SWAPshort	+0.0100%	8h	0.4465	−0.223%	$33.9M	$140.5M	50x
MEXC WLD_USDT	+0.0100%	8h	0.4468	−0.156%	$42.4M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4467	−0.179%	$29.6M	$28.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4465	−0.223%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4473	−0.051%	$129K	$274K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4484	+0.196%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.112%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4481	+0.134%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4479	+0.089%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4474	−0.022%	$231	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4473	−0.045%	$820K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4474	−0.022%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4465	−0.223%	$211K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4475	0.000%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4472	−0.058%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4476	+0.014%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4472	−0.067%	$4.7M	$901K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4476	+0.022%	$272K	$974K	50x	as long as short