Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Aster against Phemex+0.025%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1111.114% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.025%, 7d avg −0.011%

Together, before fees−0.297%+ Points / potential airdropAster: Stage 5 · farm board−$30 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: Aster is 0.036% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4560	0.0100	pay 0.0100% / 8h	23m 48s	$1.8M	$3.7M	50x
Short	Aster WLDUSDT	0.4561	0.0100	get 0.0100% / 8h	23m 48s	$191K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.011%: $3.59
Slippage, 4 orders: −$91.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.84
Costs to cover: 1.114%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Aster: 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 Phemex live order book, 5 min ago	4.36 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.18 bp	13.3 bp −$13	33.5 bp −$335	doesn't fit	doesn't fit

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	−0.0195%	8h	0.4561	+0.022%	$64K	$3.9M	1.7x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4558	−0.036%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4560	0.000%	$112K	$885K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4560	+0.004%	$56K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0010%	8h	0.4558	−0.044%	$6.9M	$11.0M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0030%	8h	0.4558	−0.044%	$28K	$907K	10x	as long as short
Nado WLD-PERP	+0.0044%	1h	0.4558	−0.044%	$274K	$169K	5x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4561	+0.025%	$191K	$1.0M	50x
Pacifica WLD	+0.0100%	1h	0.4560	+0.003%	$53K	$483K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4560	0.000%	$86.0M	$301.7M	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	0.4560	0.000%	$65.3M	$82.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4559	−0.022%	$34.0M	$142.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4560	0.000%	$7.4M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4560	0.000%	$45.3M	$53.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4558	−0.044%	$30.0M	$25.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4560	0.000%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4560	+0.007%	$128K	$272K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4574	+0.306%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4580	+0.433%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4586	+0.577%	$618K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4583	+0.504%	$55K	$228K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4561	+0.033%	$45K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4567	+0.154%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4559	−0.022%	$209	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4554	−0.132%	$848K	$1.8M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4560	long leg	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4558	−0.042%	$233K	$845K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4561	+0.022%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4570	+0.215%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4558	−0.047%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4564	+0.088%	$4.9M	$821K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4560	−0.003%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4563	+0.068%	$326	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0373%	1h	0.4592	+0.702%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4563	+0.066%	$269K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0468%	1h	0.4566	+0.125%	$49.5M	$43.0M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0721%	1h	0.4562	+0.050%	$899K	$2.7M	50x	as long as short
Lighter WLD	+0.1408%	1h	0.4571	+0.239%	$5.2M	$2.0M	10x	as long as short