Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Phemex against Aster+0.169%52s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.229% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.169%, 7d avg +0.011%

Together, before fees+0.103%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.159% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WLDUSDT	0.4553	0.0100	pay 0.0100% / 8h	1h 57m	$227K	$1.1M	50x
Short	Phemex WLDUSDT	0.4561	0.0100	get 0.0100% / 8h	1h 57m	$1.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.011%: $15.87
Slippage, 4 orders: −$102.93
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$107.06
Costs to cover: 1.229%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Phemex: live order book, 1 min ago.

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 Aster live order book, 1 min ago	2.19 bp	11.7 bp −$12	37.7 bp −$377	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.38 bp	42.3 bp −$42	doesn't fit	doesn't fit	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
Nado WLD-PERP	−0.0079%	1h	0.4551	−0.061%	$240K	$170K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4559	+0.116%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4559	+0.125%	$50K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4564	+0.235%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4552	−0.036%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0078%	8h	0.4549	−0.094%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4548	−0.116%	$27K	$790K	10x	as long as short
Aster WLDUSDTlong	+0.0100%	8h	0.4553	long leg	$227K	$1.1M	50x
Pacifica WLD	+0.0100%	1h	0.4557	+0.076%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4552	−0.028%	$86.6M	$339.5M	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	0.4550	−0.072%	$64.9M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4549	−0.094%	$34.4M	$155.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4553	−0.006%	$7.2M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4552	−0.028%	$40.5M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4548	−0.116%	$30.0M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4553	−0.006%	—	$1.3M	—	as long as short
Variational Omni WLD	+0.0100%	8h	0.4556	+0.052%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	−0.168%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4556	+0.060%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.081%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4549	−0.099%	$58K	$2.5M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4567	+0.301%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4560	+0.147%	$212	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.103%	$834K	$1.7M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4561	+0.169%	$1.8M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4547	−0.145%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4551	−0.061%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4544	−0.204%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4550	−0.067%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4553	+0.002%	$5K	$44K	10x	as long as short
01 Exchange WLDUSD	+0.0176%	1h	0.4549	−0.101%	$325	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	−0.031%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4547	−0.138%	$4.8M	$917K	75x	as long as short
Backpack WLD_USDC_PERP	+0.0299%	1h	0.4563	+0.218%	$133K	$300K	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4568	+0.323%	$275K	$1.7M	50x	as long as short
Lighter WLD	+0.0560%	1h	0.4560	+0.156%	$4.9M	$2.9M	10x	as long as short
Hyperliquid WLD	+0.0641%	1h	0.4557	+0.086%	$49.6M	$44.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1038%	1h	0.4562	+0.190%	$863K	$2.9M	50x	as long as short