Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0348%/8h= −38.1% APRnext payment $0.43 per $10,000 · paid last 24h −0.044%
Price spread now: Pacifica against Coinbase International−0.259%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$700.701% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.259%, 7d avg −0.031%
Together, before fees+0.248%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.228% cheaper against Coinbase International than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International WLD-PERP-INTX0.45900.0448pay 0.0056% / 1h56m 58s$273K$1.6M50x
ShortPacifica WLD0.45780.0100get 0.0013% / 1h56m 58s$54K$487K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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

Funding earned
−$73.08
Price spread: −0.259% → −0.031%
−$22.79
Slippage, 4 orders
−$52.12
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$165.99
Costs to cover
0.701%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Pacifica: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago8.72 bp17.3 bp −$1723.2 bp −$232doesn't fitdoesn't fit
Sell Pacifica live order book, 17 min ago4.36 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0202%8h0.4580−0.218%$65K$3.9M1.7xas long as short
dYdX WLD-USD0.0000%1h0.4576−0.309%$163K$13K10xas long as short
KuCoin WLDUSDTM+0.0003%8h0.4582−0.174%$7.0M$11.0M50xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4585−0.104%$56K150xas long as short
Injective WLD/USDC PERP+0.0038%1h0.4585−0.109%$6K$185K5.5xas long as short
Orderly PERP_WLD_USDC+0.0039%8h0.4585−0.109%$28K$906K10xas long as short
Nado WLD-PERP+0.0063%1h0.4582−0.163%$276K$169K5xas long as short
Aster WLDUSDT+0.0100%8h0.4584−0.120%$192K$1.0M50xas long as short
Pacifica WLDshort+0.0100%1h0.4578−0.259%$54K$487K5x
Binance WLDUSDT+0.0100%8h0.4589−0.028%$86.7M$304.1M75xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4591+0.022%$66.0M$82.7M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4588−0.044%$34.3M$143.9M50xas long as short
Gate WLD_USDT+0.0100%8h0.4585−0.109%$7.5M$34.9M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4587−0.065%$46.5M$53.1M300xas long as short
Bitget WLDUSDT+0.0100%8h0.45900.000%$30.4M$26.1M75xas long as short
BingX WLD-USDC+0.0100%8h0.4588−0.044%$1.3Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4590−0.007%$136K$283K10xas long as short
Variational Omni WLD+0.0100%8h0.4578−0.264%$2.0M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4579−0.229%$27K$315K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4585−0.109%$608K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4580−0.218%$55K$228K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4585−0.105%$48K$1.6M10xas long as short
SunX WLD-USDT+0.0100%8h0.4588−0.044%$23K$1.5M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4586−0.087%$218$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4582−0.174%$853K$1.8M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4585−0.109%$1.8M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4589−0.030%$231K$847K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4587−0.073%$31K$5K3xas long as short
Phoenix WLD+0.0104%1h0.4583−0.148%$5K$53K10xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4583−0.155%20xas long as short
Deribit WLD_USDC-PERPETUAL+0.0186%1h0.4587−0.065%$123K$892K25xas long as short
BloFin WLD-USDT+0.0220%8h0.4585−0.109%$4.9M$820K75xas long as short
GMX WLD/USD [ETH-USDC]L +0.0229% / S −0.1268%1h0.4583−0.153%$5K100xas long as short
01 Exchange WLDUSD+0.0264%1h0.4582−0.170%$328$775xas long as short
Kraken Futures PF_WLDUSD+0.0328%1h0.4589−0.012%$905K$2.7M50xas long as short
Coinbase International WLD-PERP-INTXlong+0.0448%1h0.4590long leg$273K$1.6M50x
Hyperliquid WLD+0.0794%1h0.4595+0.107%$50.9M$43.6M10xas long as short
Lighter WLD+0.1008%1h0.4598+0.170%$5.2M$2.0M10xas long as short