Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.042%

Price spread now: Phoenix against BloFin−0.002%106s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 106 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	BloFin WLD-USDT	0.4490	0.0220	pay 0.0220% / 8h	2h 27m	$4.8M	$920K	75x
Short	Phoenix WLD	0.4490	0.0142	get 0.0018% / 1h	27m 24s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$16.3
Price spread: −0.002% → 0.000%: −$0.22
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$35.53
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Phoenix: 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 BloFin live order book, 6 min ago	3.34 bp	11.5 bp −$11	16.9 bp −$169	41.6 bp −$4,163	140.1 bp −$70.1K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
Nado WLD-PERP	−0.0050%	1h	0.4472	−0.390%	$240K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4473	−0.384%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4477	−0.290%	$68K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4471	−0.423%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4470	−0.450%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0040%	1h	0.4469	−0.468%	$39K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0042%	8h	0.4469	−0.468%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4470	−0.445%	$320	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4468	−0.490%	$28K	$809K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4478	−0.260%	$223K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLD	+0.0100%	1h	0.4473	−0.386%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4470	−0.439%	$85.2M	$338.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4469	−0.468%	$63.6M	$91.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4467	−0.512%	$33.7M	$152.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4471	−0.423%	$7.3M	$37.2M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4472	−0.401%	$38.5M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4470	−0.445%	$29.4M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4470	−0.445%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4475	−0.325%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	−0.027%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	−0.012%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4483	−0.156%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4492	+0.045%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4476	−0.312%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4470	−0.445%	$201	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4469	−0.468%	$818K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4472	−0.401%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4469	−0.473%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4471	−0.433%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4469	−0.461%	—	—	20x	as long as short
Phoenix WLDshort	+0.0142%	1h	0.4490	−0.002%	$5K	$52K	10x
Lighter WLD	+0.0144%	1h	0.4477	−0.287%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.512%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4467	−0.514%	$4K	—	100x	as long as short
BloFin WLD-USDTlong	+0.0220%	8h	0.4490	long leg	$4.8M	$920K	75x
Hyperliquid WLD	+0.0280%	1h	0.4476	−0.323%	$48.4M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0507%	1h	0.4474	−0.354%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4476	−0.312%	$273K	$1.6M	50x	as long as short