Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.021%

Price spread now: KuCoin against SoDEX+0.065%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 KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.065% dearer against SoDEX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX WLD-USD	0.4606	0.0100	pay 0.0013% / 1h	46m 43s	$292	$5K	10x
Short	KuCoin WLDUSDTM	0.4609	−0.0042	pay 0.0042% / 8h	5h 46m	$7.0M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$29.82
Price spread: +0.065% → 0.000%: $6.51
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; KuCoin: 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	3.25 bp	20.6 bp −$21	57.4 bp −$574	doesn't fit	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
Kalshi KXWLDPERP	−0.0141%	8h	0.4615	+0.195%	$58K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTMshort	−0.0042%	8h	0.4609	+0.065%	$7.0M	$11.6M	50x
dYdX WLD-USD	0.0000%	1h	0.4615	+0.199%	$164K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4608	+0.043%	$119K	$924K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4614	+0.169%	$55K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0071%	8h	0.4609	+0.065%	$28K	$894K	10x	as long as short
Nado WLD-PERP	+0.0077%	1h	0.4606	0.000%	$266K	$187K	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4611	+0.100%	$177K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4617	+0.238%	$50K	$508K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4615	+0.186%	$87.6M	$324.6M	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	0.4617	+0.239%	$66.0M	$87.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4617	+0.239%	$34.8M	$148.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4610	+0.087%	$7.2M	$36.6M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4617	+0.239%	$45.4M	$54.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4611	+0.109%	$30.6M	$29.4M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4608	+0.043%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4609	+0.061%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4652	+0.990%	$2.1M	$1.8M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4617	+0.244%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4651	+0.982%	$616K	$1.8M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4615	+0.195%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4610	+0.083%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4616	+0.217%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USDlong	+0.0100%	1h	0.4606	long leg	$292	$5K	10x
HTX WLD-USDT	+0.0100%	8h	0.4605	−0.022%	$842K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4611	+0.109%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4610	+0.085%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4609	+0.058%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4606	+0.005%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4653	+1.025%	$5K	$57K	10x	as long as short
01 Exchange WLDUSD	+0.0192%	1h	0.4606	−0.004%	$330	$80	5x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4605	−0.022%	—	$799K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4614	+0.173%	$5K	—	100x	as long as short
Lighter WLD	+0.0464%	1h	0.4623	+0.378%	$5.0M	$2.3M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4612	+0.130%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0523%	1h	0.4616	+0.226%	$51.4M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4650	+0.955%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0898%	1h	0.4610	+0.097%	$898K	$2.9M	50x	as long as short