Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0364%/8hnext payment +$0.45 per $10,000 · paid last 24h −0.067%

Price spread now: Kraken Futures against SoDEX+0.136%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.136% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4352	0.0100	pay 0.0013% / 1h	22m 14s	$187	$5K	10x
Short	Kraken Futures PF_WLDUSD	0.4358	0.0464	get 0.0058% / 1h	22m 14s	$880K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.136%Rate

Funding earned: $76.38
Price spread: +0.136% → 0.000%: $13.59
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $71.97
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	4.59 bp	11.8 bp −$12	23.0 bp −$230	851.5 bp −$85.1K	doesn't fit

SoDEX: 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	−0.0223%	8h	0.4349	−0.058%	$2.0M	$1.4M	—	as long as short
Bybit WLDUSDT	−0.0204%	8h	0.4350	−0.046%	$62.1M	$68.1M	50x	as long as short
Nado WLD-PERP	−0.0084%	1h	0.4351	−0.023%	$340K	$150K	5x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4357	+0.122%	$312	$77	5x	as long as short
Phoenix WLD	−0.0055%	1h	0.4353	+0.032%	$2K	$47K	10x	as long as short
Binance WLDUSDT	−0.0052%	8h	0.4351	−0.023%	$78.2M	$258.6M	75x	as long as short
MEXC WLD_USDT	−0.0051%	8h	0.4352	0.000%	$43.1M	$41.8M	300x	as long as short
OKX WLD-USDT-SWAP	−0.0044%	8h	0.4349	−0.069%	$32.8M	$119.6M	50x	as long as short
KuCoin WLDUSDTM	−0.0040%	8h	0.4352	0.000%	$7.2M	$9.9M	50x	as long as short
Orderly PERP_WLD_USDC	−0.0039%	8h	0.4353	+0.023%	$27K	$926K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	0.0000%	1h	0.4360	+0.184%	$149K	$5K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4355	+0.069%	$92K	$3.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4356	+0.092%	$122K	$728K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4356	+0.090%	$56K	—	150x	as long as short
Extended WLD-USD	+0.0056%	1h	0.4351	−0.016%	$148K	$534K	10x	as long as short
BloFin WLD-USDT	+0.0068%	8h	0.4357	+0.115%	$4.6M	$867K	75x	as long as short
Aevo WLD-PERP	+0.0072%	1h	0.4354	+0.056%	$30K	$5K	3x	as long as short
Gate WLD_USDT	+0.0084%	8h	0.4352	0.000%	$7.2M	$32.6M	75x	as long as short
Lighter WLD	+0.0096%	1h	0.4360	+0.179%	$4.7M	$1.3M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4354	+0.037%	$43.5M	$36.4M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4357	+0.104%	$225K	$913K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4357	+0.115%	$58K	$460K	5x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4351	−0.023%	$28.5M	$23.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4351	−0.023%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4354	+0.041%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4353	+0.027%	$26K	$314K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4364	+0.276%	$590K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4355	+0.069%	$63K	$221K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4356	+0.092%	$57K	$1.8M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4358	+0.138%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4352	long leg	$187	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4355	+0.069%	$808K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4352	0.000%	$1.8M	$3.8M	50x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4344	−0.184%	$6K	$90K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4352	−0.009%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0205% / S −0.1501%	1h	0.4355	+0.065%	$7K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0352%	1h	0.4362	+0.230%	$263K	$1.4M	50x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0464%	1h	0.4358	+0.136%	$880K	$2.2M	50x