Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0155%/8hnext payment −$0.19 per $10,000 · paid last 24h −0.024%

Price spread now: Phoenix against Pacifica−0.032%47s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.032% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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	0.4361	0.0100	pay 0.0013% / 1h	6m 42s	$58K	$454K	5x
Short	Phoenix WLD	0.4360	−0.0055	pay 0.0007% / 1h	6m 42s	$2K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$32.6
Price spread: −0.032% → 0.000%: −$3.21
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$50.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 26 min ago; Phoenix: 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 Pacifica live order book, 26 min ago	1.15 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Variational Omni WLD	−0.0226%	8h	0.4353	−0.172%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0188%	8h	0.4358	−0.069%	$62.3M	$68.1M	50x	as long as short
Kalshi KXWLDPERP	−0.0101%	8h	0.4362	+0.023%	$92K	$3.6M	1.7x	as long as short
Nado WLD-PERP	−0.0073%	1h	0.4357	−0.080%	$341K	$145K	5x	as long as short
Phoenix WLDshort	−0.0055%	1h	0.4360	−0.032%	$2K	$47K	10x
MEXC WLD_USDT	−0.0050%	8h	0.4359	−0.046%	$43.4M	$42.2M	300x	as long as short
Binance WLDUSDT	−0.0047%	8h	0.4359	−0.041%	$78.3M	$257.7M	75x	as long as short
OKX WLD-USDT-SWAP	−0.0042%	8h	0.4359	−0.046%	$32.9M	$119.7M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0042%	8h	0.4361	0.000%	$27K	$926K	10x	as long as short
KuCoin WLDUSDTM	−0.0039%	8h	0.4360	−0.023%	$7.3M	$9.9M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLDUSD	−0.0032%	1h	0.4364	+0.078%	$312	$77	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4363	+0.046%	$149K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4364	+0.069%	$123K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4363	+0.046%	$56K	—	150x	as long as short
Aevo WLD-PERP	+0.0064%	1h	0.4363	+0.050%	$30K	$5K	3x	as long as short
BloFin WLD-USDT	+0.0070%	8h	0.4362	+0.023%	$4.6M	$854K	75x	as long as short
Gate WLD_USDT	+0.0074%	8h	0.4360	−0.023%	$7.2M	$32.6M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4363	+0.046%	$43.6M	$36.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4361	−0.004%	$225K	$913K	50x	as long as short
Pacifica WLDlong	+0.0100%	1h	0.4361	long leg	$58K	$454K	5x
Bitget WLDUSDT	+0.0100%	8h	0.4359	−0.046%	$28.6M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4358	−0.069%	—	$67.5M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4363	+0.044%	$130K	$268K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4358	−0.066%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4358	−0.074%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	−0.138%	$60K	$222K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4363	+0.050%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4363	+0.046%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4360	−0.023%	$188	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4358	−0.069%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4362	+0.023%	$1.8M	$3.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4358	−0.065%	$148K	$532K	10x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.390%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4361	−0.001%	—	—	20x	as long as short
Lighter WLD	+0.0184%	1h	0.4367	+0.135%	$4.7M	$1.3M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0206% / S −0.1501%	1h	0.4364	+0.058%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4361	0.000%	$262K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0463%	1h	0.4364	+0.071%	$881K	$2.2M	50x	as long as short