Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0405%/8h= +44.3% APRpaid last 24h +0.050%

Price spread now: Kraken Futures against Gate+0.050%51s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$680.684% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.050%, 7d avg +0.055%

Together, before fees+0.382%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4489	0.0100	pay 0.0100% / 8h	2h 29m	$7.3M	$37.2M	75x
Short	Kraken Futures PF_WLDUSD	0.4491	0.0505	get 0.0063% / 1h	29m 22s	$856K	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: $84.96
Price spread: +0.050% → +0.055%: −$0.58
Slippage, 4 orders: −$43.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $16.01
Costs to cover: 0.684%
Break-even: 5.7 days

Slippage from Gate: live order book, 4 min ago; Kraken Futures: 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 Gate live order book, 4 min ago	2.23 bp	14.3 bp −$14	29.4 bp −$294	57.1 bp −$5,707	127.8 bp −$63.9K
Sell Kraken Futures live order book, 4 min ago	8.91 bp	16.0 bp −$16	25.4 bp −$254	981.5 bp −$98.2K	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	−0.0050%	1h	0.4489	+0.011%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4485	−0.084%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4489	0.000%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4488	−0.022%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4489	−0.002%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0042%	8h	0.4490	+0.022%	$6.7M	$11.9M	50x	as long as short
Polymarket Perps WLD-USD	+0.0047%	1h	0.4489	−0.004%	$42K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0064%	1h	0.4490	+0.020%	$321	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4488	−0.022%	$28K	$814K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4494	+0.120%	$224K	$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	0.4486	−0.068%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4491	+0.039%	$85.6M	$339.3M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4487	−0.045%	$63.8M	$91.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4488	−0.022%	$33.8M	$153.0M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4489	long leg	$7.3M	$37.2M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4491	+0.045%	$38.5M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4488	−0.022%	$29.5M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4488	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4491	+0.033%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4489	−0.004%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4489	+0.005%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4494	+0.111%	$597K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4488	−0.022%	$48K	$241K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4495	+0.134%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4488	−0.022%	$207	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4483	−0.134%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4489	0.000%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4487	−0.038%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4489	−0.004%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	+0.040%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4490	+0.020%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4491	+0.042%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.535%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4490	+0.031%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4495	+0.134%	$4.8M	$921K	75x	as long as short
Hyperliquid WLD	+0.0300%	1h	0.4496	+0.156%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSDshort	+0.0505%	1h	0.4491	+0.050%	$856K	$2.9M	50x
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.178%	$274K	$1.7M	50x	as long as short