Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: BingX against Extended+0.020%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.020%, 7d avg +0.038%

Together, before fees−0.336%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4577	0.0104	pay 0.0013% / 1h	20m 24s	$240K	$855K	10x
Short	BingX WLD-USDT	0.4578	0.0100	get 0.0100% / 8h	1h 20m	—	$67.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.84
Price spread: +0.020% → +0.038%: −$1.81
Slippage, 4 orders: −$9.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.28
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Extended: live order book, 63 min ago; BingX: live order book, 9 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 Extended live order book, 63 min ago	1.10 bp	5.6 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.18 bp	8.2 bp −$8	10.5 bp −$105	25.9 bp −$2,594	94.7 bp −$47.4K

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	−0.0317%	8h	0.4583	+0.129%	$61K	$3.8M	1.7x	as long as short
Injective WLD/USDC PERP	−0.0079%	1h	0.4623	+1.003%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4579	+0.050%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4580	+0.063%	$108K	$900K	25x	as long as short
Orderly PERP_WLD_USDC	+0.0002%	8h	0.4576	−0.024%	$28K	$913K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4579	+0.032%	$57K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0006%	8h	0.4577	−0.002%	$7.0M	$10.8M	50x	as long as short
Nado WLD-PERP	+0.0051%	1h	0.4577	+0.009%	$276K	$169K	5x	as long as short
Variational Omni WLD	+0.0074%	8h	0.4588	+0.236%	$2.1M	$1.6M	—	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4579	+0.037%	$200K	$989K	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	0.4579	+0.046%	$53K	$481K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4578	+0.021%	$86.6M	$297.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4577	−0.002%	$65.6M	$82.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4574	−0.068%	$34.2M	$141.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4578	+0.020%	$7.4M	$35.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4578	+0.020%	$49.0M	$52.0M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4576	−0.024%	$30.2M	$25.5M	75x	as long as short
BingX WLD-USDTshort	+0.0100%	8h	0.4578	+0.020%	—	$67.8M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4578	+0.022%	$129K	$270K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4585	+0.165%	$27K	$315K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4592	+0.321%	$617K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4588	+0.238%	$55K	$227K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4579	+0.048%	$47K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4585	+0.172%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4580	+0.063%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4578	+0.020%	$864K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4580	+0.063%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4577	long leg	$240K	$855K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4580	+0.068%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0124%	1h	0.4587	+0.221%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4576	−0.015%	—	—	20x	as long as short
Kraken Futures PF_WLDUSD	+0.0186%	1h	0.4584	+0.154%	$908K	$2.6M	50x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4579	+0.041%	$4.9M	$814K	75x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4583	+0.133%	$328	$77	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0260% / S −0.2221%	1h	0.4578	+0.014%	$9K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0424%	1h	0.4586	+0.194%	$270K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0765%	1h	0.4583	+0.124%	$49.8M	$43.1M	10x	as long as short
Lighter WLD	+0.0960%	1h	0.4590	+0.288%	$5.2M	$2.1M	10x	as long as short