Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.012%

Price spread now: HTX against Phoenix−0.123%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.123% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix WLD	0.4482	0.0053	pay 0.0007% / 1h	4m 22s	$4K	$40K	10x
Short	HTX WLD-USDT	0.4477	0.0100	get 0.0100% / 8h	5h 04m	$821K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. 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 PhoenixbpFee HTXbpOrdersPrice spread, now −0.123%Rate

Funding earned: $9.78
Price spread: −0.123% → 0.000%: −$12.27
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.49
Costs to cover: 0.190%
Break-even: 22.4 days

Slippage unknown: Phoenix: no order-book sample; HTX: live order book, 2 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	10.06 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit

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 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
Polymarket Perps WLD-USD	−0.0351%	1h	0.4477	−0.123%	$41K	$2.7M	10x	as long as short
Kraken Futures PF_WLDUSD	−0.0193%	1h	0.4479	−0.067%	$840K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0144%	8h	0.4478	−0.100%	$63.9M	$84.9M	50x	as long as short
Nado WLD-PERP	−0.0119%	1h	0.4481	−0.033%	$234K	$157K	5x	as long as short
Gate WLD_USDT	−0.0091%	8h	0.4479	−0.078%	$7.0M	$31.8M	75x	as long as short
01 Exchange WLDUSD	−0.0040%	1h	0.4482	−0.004%	$321	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4478	−0.100%	$59K	$4.2M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4479	−0.078%	$101K	$1.1M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4480	−0.061%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0003%	1h	0.4479	−0.073%	$153K	$31K	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	−0.123%	$6K	$185K	5.5x	as long as short
Variational Omni WLD	+0.0017%	8h	0.4477	−0.116%	$2.1M	$1.4M	—	as long as short
KuCoin WLDUSDTM	+0.0018%	8h	0.4478	−0.100%	$6.8M	$10.2M	50x	as long as short
Phoenix WLDlong	+0.0053%	1h	0.4482	long leg	$4K	$40K	10x
Orderly PERP_WLD_USDC	+0.0083%	8h	0.4478	−0.100%	$27K	$245K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4486	+0.074%	$4.8M	$3.0M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	−0.048%	$219K	$904K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4481	−0.033%	$64K	$512K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4479	−0.078%	$84.8M	$312.9M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4478	−0.100%	$34.3M	$142.3M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4479	−0.078%	$42.5M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4478	−0.100%	$29.3M	$28.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4478	−0.100%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4479	−0.076%	$126K	$272K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4476	−0.147%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	−0.056%	$600K	$2.3M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4478	−0.100%	$48K	$249K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4483	+0.011%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4478	−0.100%	$227	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4477	−0.123%	$821K	$1.1M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4478	−0.100%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4477	−0.127%	$211K	$647K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4479	−0.078%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4476	−0.138%	—	—	20x	as long as short
Hyperliquid WLD	+0.0196%	1h	0.4489	+0.134%	$50.8M	$28.6M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4481	−0.038%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4479	−0.078%	$4.7M	$907K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4480	−0.056%	$272K	$974K	50x	as long as short