Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against Phemex0.000%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now 0.000%, 7d avg −0.064%

Together, before fees+0.086%+ Points / potential airdropExtended: Active · farm board+$9 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: Extended is 0.064% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex WLDUSDT	0.4550	0.0100	pay 0.0100% / 8h	1h 45m	$1.8M	$3.6M	50x
Short	Extended WLD-USD	0.4550	0.0104	get 0.0013% / 1h	45m 12s	$209K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.064%: $6.4
Slippage, 4 orders: −$99.38
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$109.14
Costs to cover: 1.164%
Break-even: 916.5 days

Slippage from Phemex: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	14.29 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.20 bp	4.7 bp −$5	12.3 bp −$123	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
Nado WLD-PERP	−0.0010%	1h	0.4540	−0.220%	$239K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4527	−0.501%	$154K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4550	0.000%	$53K	$4.8M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4553	+0.062%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0081%	8h	0.4543	−0.154%	$6.7M	$11.9M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4551	+0.022%	$27K	$788K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4548	−0.041%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4527	−0.509%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4548	−0.039%	$86.8M	$340.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4550	0.000%	$65.1M	$92.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4550	0.000%	$34.3M	$156.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4551	+0.022%	$7.2M	$36.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4549	−0.022%	$40.5M	$56.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4551	+0.022%	$30.0M	$31.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4551	+0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4533	−0.376%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4533	−0.380%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4542	−0.181%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4544	−0.136%	$600K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4542	−0.176%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4543	−0.152%	$54K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4557	+0.154%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4550	0.000%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	−0.044%	$832K	$1.7M	50x	as long as short
Phemex WLDUSDTlong	+0.0100%	8h	0.4550	long leg	$1.8M	$3.6M	50x
Extended WLD-USDshort	+0.0104%	1h	0.4550	0.000%	$209K	$1.0M	10x
Aevo WLD-PERP	+0.0104%	1h	0.4552	+0.044%	$31K	$500	3x	as long as short
01 Exchange WLDUSD	+0.0128%	1h	0.4533	−0.382%	$324	$55	5x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4541	−0.198%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	−0.104%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4530	−0.448%	$5K	$44K	10x	as long as short
Lighter WLD	+0.0184%	1h	0.4556	+0.141%	$4.9M	$2.9M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0189%	1h	0.4553	+0.066%	$151K	$1.0M	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4553	+0.060%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4555	+0.110%	$4.9M	$940K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4555	+0.110%	$275K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0735%	1h	0.4551	+0.033%	$49.9M	$44.8M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1040%	1h	0.4552	+0.037%	$876K	$2.9M	50x	as long as short