Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.011%

Price spread now: Kraken Futures against Variational Omni+0.234%7-day average +0.053% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.234%, 7d avg +0.053%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.181% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.053%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.042% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLD	0.4714	0.0100	pay 0.0100% / 8h	7h 25m	$2.1M	$1.7M	—
Short	Kraken Futures PF_WLDUSD	0.4725	0.0319	get 0.0040% / 1h	25m 36s	$928K	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.234%Rate

Funding earned: $45.99
Price spread: +0.234% → +0.053%: $18.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $54.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	4.29 bp	doesn't fit	17.2 bp −$172	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	10.68 bp	24.4 bp −$24	47.6 bp −$476	1193.6 bp −$119.4K	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
Kalshi KXWLDPERP	−0.0174%	8h	0.4702	−0.249%	$33K	$3.9M	1.7x	as long as short
Phemex WLDUSDT	−0.0058%	8h	0.4713	−0.015%	$1.9M	$3.7M	50x	as long as short
Nado WLD-PERP	−0.0026%	1h	0.4711	−0.047%	$281K	$172K	5x	as long as short
KuCoin WLDUSDTM	−0.0017%	8h	0.4722	+0.176%	$7.1M	$11.1M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4723	+0.191%	$169K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4715	+0.028%	$58K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−1.161%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0045%	8h	0.4715	+0.027%	$29K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4726	+0.260%	$193K	$967K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4724	+0.218%	$55K	$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	0.4725	+0.239%	$90.0M	$306.1M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4724	+0.218%	$68.1M	$82.4M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4722	+0.176%	$35.6M	$148.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4722	+0.176%	$7.7M	$35.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4723	+0.197%	$49.1M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4723	+0.197%	$31.5M	$26.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4722	+0.176%	—	$67.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4723	+0.205%	$140K	$279K	10x	as long as short
Variational Omni WLDlong	+0.0100%	8h	0.4714	long leg	$2.1M	$1.7M	—
edgeX WLDUSDC	+0.0100%	4h	0.4656	−1.224%	$28K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4662	−1.097%	$616K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4661	−1.118%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4713	−0.015%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4719	+0.112%	$24K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4721	+0.154%	$223	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4719	+0.112%	$877K	$1.8M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4721	+0.154%	$218K	$871K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4718	+0.089%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4711	−0.052%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4668	−0.959%	$5K	$53K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4693	−0.440%	$4.9M	$869K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0239% / S −0.1538%	1h	0.4715	+0.022%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4712	−0.043%	$337	$77	5x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0319%	1h	0.4725	+0.234%	$928K	$2.7M	50x
Deribit WLD_USDC-PERPETUAL	+0.0386%	1h	0.4718	+0.091%	$135K	$863K	25x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4715	+0.027%	$279K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0808%	1h	0.4733	+0.403%	$52.8M	$43.6M	10x	as long as short
Lighter WLD	+0.0944%	1h	0.4732	+0.386%	$5.4M	$2.0M	10x	as long as short