Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.025%

Price spread now: Orderly against Polymarket Perps−0.063%7-day average −0.019% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.063%, 7d avg −0.019%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.044% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WLD-USD	0.4588	0.0100	pay 0.0013% / 1h	8m 10s	$41K	$1.6M	10x
Short	Orderly PERP_WLD_USDC	0.4585	0.0006	get 0.0006% / 8h	1h 08m	$28K	$912K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Polymarket Perps. 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 Polymarket PerpsbpFee OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: −$19.68
Price spread: −0.063% → −0.019%: −$4.43
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.11
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 5 min ago; Orderly: 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 Polymarket Perps live order book, 5 min ago	3.07 bp	7.2 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Kalshi KXWLDPERP	−0.0285%	8h	0.4586	−0.041%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4578	−0.216%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4589	+0.032%	$164K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4586	−0.041%	$109K	$900K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4586	−0.039%	$57K	—	150x	as long as short
Orderly PERP_WLD_USDCshort	+0.0006%	8h	0.4585	−0.063%	$28K	$912K	10x
KuCoin WLDUSDTM	+0.0010%	8h	0.4583	−0.107%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0045%	1h	0.4583	−0.096%	$276K	$169K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4585	−0.068%	$195K	$999K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4590	+0.050%	$53K	$481K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4585	−0.053%	$86.7M	$297.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4585	−0.063%	$65.6M	$81.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4585	−0.063%	$34.3M	$141.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4585	−0.063%	$7.5M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4585	−0.063%	$49.3M	$52.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4585	−0.063%	$30.3M	$25.5M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4586	−0.041%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4587	−0.020%	$129K	$269K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4571	−0.371%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4572	−0.357%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4572	−0.347%	$614K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4565	−0.499%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USDlong	+0.0100%	1h	0.4588	long leg	$41K	$1.6M	10x
SunX WLD-USDT	+0.0100%	8h	0.4593	+0.111%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4586	−0.041%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4588	+0.002%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4585	−0.063%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4585	−0.073%	$240K	$855K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4588	+0.002%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4583	−0.102%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4584	−0.088%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4588	+0.007%	$916K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4594	+0.133%	$4.9M	$817K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4591	+0.072%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4585	−0.067%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4594	+0.133%	$271K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0680%	1h	0.4592	+0.081%	$49.9M	$43.0M	10x	as long as short
Lighter WLD	+0.1008%	1h	0.4596	+0.177%	$5.2M	$2.1M	10x	as long as short