Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.068%

Price spread now: Kalshi against Extended+0.620%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

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

costs, in and out, $10k−$460.458% of the position

Long on Extended Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.618%−$62 on $10k

Price spread, last 4 days (all we have)−0.921%−$92 · spread now +0.620%, 7d avg −0.096%

Together, before fees−1.539%+ Points / potential airdropExtended: Active · farm board−$154 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.716% dearer against Extended than usual: you sell high and buy low (spread +0.620% now, against its 7-day average of −0.096%): +$72 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WLD-USD	0.4542	0.0104	pay 0.0013% / 1h	39m 22s	$218K	$981K	10x
Short	Kalshi KXWLDPERP	0.4570	−0.0105	pay 0.0105% / 8h	39m 22s	$57K	$4.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.620%Rate

Funding earned: −$43.98
Price spread: +0.620% → −0.096%: $71.63
Slippage, 4 orders: −$30.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$18.11
Costs to cover: 0.458%
Break-even: from the start

Slippage from Extended: live order book, 19 min ago; Kalshi: live order book, 4 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, 19 min ago	2.19 bp	4.7 bp −$5	12.6 bp −$126	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	1.10 bp	30.2 bp −$30	37.1 bp −$371	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
Kalshi KXWLDPERPshort	−0.0105%	8h	0.4570	+0.620%	$57K	$4.6M	1.7x
Nado WLD-PERP	−0.0058%	1h	0.4545	+0.081%	$241K	$205K	5x	as long as short
KuCoin WLDUSDTM	−0.0032%	8h	0.4545	+0.070%	$6.9M	$11.6M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4545	+0.074%	$155K	$33K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4557	+0.334%	$118K	$927K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4545	+0.066%	$66K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0014%	1h	0.4558	+0.356%	$6K	$185K	5.5x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4549	+0.149%	$325	$80	5x	as long as short
Orderly PERP_WLD_USDC	+0.0087%	8h	0.4541	−0.019%	$28K	$887K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4554	+0.259%	$4.9M	$2.4M	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4548	+0.135%	$199K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4548	+0.139%	$49K	$528K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4544	+0.048%	$86.2M	$327.4M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4541	−0.019%	$64.7M	$88.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4541	−0.019%	$34.1M	$148.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	+0.092%	$7.1M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4547	+0.114%	$44.1M	$53.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4545	+0.070%	$30.0M	$30.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4547	+0.114%	—	$67.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4554	+0.265%	$135K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4554	+0.260%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4565	+0.511%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4571	+0.639%	$603K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4557	+0.334%	$43K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4545	+0.063%	$47K	$2.1M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4565	+0.510%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4554	+0.268%	$174	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4558	+0.356%	$834K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	+0.246%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USDlong	+0.0104%	1h	0.4542	long leg	$218K	$981K	10x
Aevo WLD-PERP	+0.0104%	1h	0.4557	+0.339%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	+0.059%	—	—	20x	as long as short
Phoenix WLD	+0.0158%	1h	0.4570	+0.613%	$5K	$52K	10x	as long as short
Hyperliquid WLD	+0.0175%	1h	0.4551	+0.208%	$49.9M	$43.2M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4562	+0.444%	$4.9M	$850K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4545	+0.076%	$5K	—	100x	as long as short
Kraken Futures PF_WLDUSD	+0.0481%	1h	0.4559	+0.376%	$882K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0496%	1h	0.4575	+0.730%	$269K	$1.7M	50x	as long as short