Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Phemex against Gate−0.043%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.043%, 7d avg +0.026%

Together, before fees+0.337%+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WLD_USDT	0.4660	0.0100	pay 0.0100% / 8h	7h 34m	$7.6M	$35.4M	75x
Short	Phemex WLDUSDT	0.4658	0.0100	get 0.0100% / 8h	7h 34m	$1.9M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.026%: −$6.94
Slippage, 4 orders: −$78.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$112.59
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Phemex: 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	1.08 bp	16.2 bp −$16	31.7 bp −$317	80.0 bp −$8,003	doesn't fit
Sell Phemex live order book, 4 min ago	3.24 bp	37.8 bp −$38	doesn't fit	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 KXWLDPERP	−0.0182%	8h	0.4652	−0.172%	$44K	$3.9M	1.7x	as long as short
Nado WLD-PERP	−0.0029%	1h	0.4653	−0.150%	$280K	$169K	5x	as long as short
KuCoin WLDUSDTM	−0.0014%	8h	0.4657	−0.064%	$7.1M	$11.0M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4658	−0.039%	$166K	$13K	10x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4654	−0.126%	$57K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0038%	1h	0.4659	−0.021%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0042%	8h	0.4660	0.000%	$28K	$903K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4663	+0.060%	$194K	$963K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4659	−0.030%	$54K	$482K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4662	+0.035%	$88.6M	$304.6M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4661	+0.021%	$67.1M	$82.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4660	0.000%	$35.1M	$145.8M	50x	as long as short
Gate WLD_USDTlong	+0.0100%	8h	0.4660	long leg	$7.6M	$35.4M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4661	+0.021%	$47.7M	$53.6M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4662	+0.043%	$30.9M	$26.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4662	+0.043%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4664	+0.084%	$139K	$279K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4660	−0.005%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4627	−0.718%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4630	−0.644%	$612K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4642	−0.386%	$55K	$229K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4655	−0.107%	$56K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4667	+0.150%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4661	+0.021%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4655	−0.107%	$866K	$1.8M	50x	as long as short
Phemex WLDUSDTshort	+0.0100%	8h	0.4658	−0.043%	$1.9M	$3.7M	50x
Extended WLD-USD	+0.0104%	1h	0.4658	−0.047%	$219K	$863K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4661	+0.018%	$32K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4651	−0.187%	—	—	20x	as long as short
Phoenix WLD	+0.0157%	1h	0.4629	−0.663%	$5K	$53K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0179%	1h	0.4662	+0.043%	$134K	$871K	25x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4660	0.000%	$4.9M	$858K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0234% / S −0.1403%	1h	0.4652	−0.167%	$6K	—	100x	as long as short
01 Exchange WLDUSD	+0.0248%	1h	0.4657	−0.056%	$333	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0323%	1h	0.4665	+0.104%	$919K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4670	+0.215%	$276K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0754%	1h	0.4669	+0.193%	$52.0M	$43.5M	10x	as long as short
Lighter WLD	+0.0928%	1h	0.4672	+0.260%	$5.3M	$2.0M	10x	as long as short